The intersection of legal and managerial disciplines for corporate risk management: when the myths of theory meet the challenges of practice

Abstract

In a current socio-economic context marked by increased competition, a proliferation of fraudulent maneuvers to make profits, and a multiplication of circumstances that are unpredictable and dangerous, the company is constantly exposed to risks. As a result, it must avoid any rigidity in its designs and opt for an approach centered around constant evolution and adaptation. Its survival in this dynamic and cruel business world presupposes the implementation of risk management strategies that can affect it, however different they may be.

In this context, traditional management methods must give way to modern, evolving strategies, capable of dealing with this variable prominence of risks.

From this perspective, this article aims to highlight the policies resulting from a rather original mode of risk management, that of the crossing between the legal sciences and the managerial sciences which dialogue to frame as effectively as possible the risks in a company. Because although the theories carry utopian ideals, the confrontation with the practice creates the need to double ambitions and stratagems to face them, hence the interest in highlighting the rich interaction between these two disciplines in this area to not only identify the indicators of management efficiency, but also the practical difficulties to be resolved by proposing avenues for improvement.

Keywords : management, law, risk,  constraints, efficiency

JEL Classification : K22

Paper type: Theoretical Research