Role of effective corporate management in the commercial bank’s system of risk minimization
At present, corporate management is becoming an increasingly important factor that ensures management of commercial risks at the level necessary for safe operation of the banking system. Analysis of Russian and foreign economic literature allows to examine evolution in the approaches under consideration, to identify the main differences and similarities. The article examines the role of corporate management in the system of minimizing risks of the commercial bank, considers traditional concepts and principles of corporate management described in foreign literature. It describes basic elements inherent in this or that model of corporate management. It carries out an analysis of the reasons for the greatest importance of corporate management for the banking system, unlike any other economic elements. The article examines the reason for the increase in the corporate management role during periods of economic crises. It confirms the hypothesis about the interrelation between competent corporate management and the economic security of the subject, especially during periods of crisis phenomena in the economy and summarizes the available scientific approaches to the issue of the corporate management role in the system of minimizing the risks of the commercial bank.