Complex System of Corporate Risk Management
DOI:
https://doi.org/10.61177/HISZ.2025.16.2.8Keywords:
risk, risk factors, enterprise risk management, Value At Risk, Monte Carlo simulationAbstract
Article 13(a) of Act CVIII of 2023, commonly known as the ESG Act, requires organizations that fall under the scope of the law to establish a risk management system. The regulation, which will become mandatory for an increasing number of companies over time, has put a new focus on risk management at a systemic level. These contain general procedures that are independent of individual industries. Risk management consists of well-separated steps that together form a process. In order to be effectively implemented, risk management must be designed and introduced in a way that is adapted to the industry environment and the internal operating characteristics of the given company.
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