ABSTRACT. In this paper, I am particularly interested in exploring the performance relationship of effective risk management capabilities, the benefits of risk management, the risk management practices, and the corporate business processes. Andersen and Schrøder observe that various risk management approaches contribute to the firm’s ability to respond to environmental changes. Bartram analyzes the existing theoretical arguments and empirical evidence of risk management as a means to maximize shareholder value. Belcher explores the connections and tensions between corporate risk management policy, the expectations generated by risk management disclosures, the company’s true exposure to legal risks, and the implications for enterprise. (pp. 140–145)