Reconciling risk as threat and opportunity: The social construction of risk in boardrooms
Cormac Bryce,
Simon Ashby,
Patrick Ring
Abstract:Board directing is a continuous process of risk analysis and control in response to the duality of risk as threat and opportunity. Judgments are made and remade to simultaneously reduce the potential for damaging threats (e.g., fraud, reputation damage), while exploiting opportunities (e.g., new product development, mergers and acquisitions). Adopting an institutional logics approach, we explore this process of risk analysis and control through the varied subject identities (e.g., directorial roles), risk mana… Show more
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