Analysis of the Impact of the Quality of Governance on Integrated Risk Management in Canadian Enterprises

Traditional approaches to risk management have been gradually abandoned in favor of the integrated enterprise risk management (IERM). Indeed, since the emergence of financial scandals, national and international regulations and recommendations on risk management have focused in achieving good governance. The objective of this research is to explore the links between good governance and IERM, where the ROB index of Globe and Mail was adopted as a measure of quality of governance. The results obtained show that the relationship between the total index of governance and the risk indices is very weak. However, the results show that some significant relationships exist between the governance sub-indices and the risk indices.