Abstract
Abstract The issue of risk management has gained attention in the field of administration due to the dissemination of international frameworks. In Brazilian federal public administration, risk management is a recent and expanding practice. This research analyzes how international corporate risk management frameworks have been adopted by the federal government through regulations and guidelines. The study adopts the concepts of coercive, normative, and mimetic forces from the neo-institutional theory, and examines the presence of international norms in the Brazilian regulations. Through a qualitative approach, content analysis in documents, norms, interviews, and seminars was used to identify traits of the COSO ERM and ISO 31000/2009 frameworks, which were chosen based on relevance. Results identify important actors pushing for the use of international frameworks, such as international organizations, professional associations, and public agencies, especially those related to government audits. Despite the strong international influence, the Brazilian norms are adapted to the organizations’ context and allowing the maintenance of national autonomy.
Highlights
Enterprise risk management is considered to be an important instrument within the framework of corporate governance
In addition to contributing to the literature dealing with Latin America’s late adoption of these standards, this article helps understand the process of normalizing enterprise risk management in the Brazilian federal government, highlighting the forces and actors involved in this process
Using the factors presented in Boxes 1 and 2, we found various aspects of the studied models in the principal norms selected, which guide enterprise risk management in the Brazilian federal administration
Summary
Enterprise risk management is considered to be an important instrument within the framework of corporate governance. This study analyzes the influence of international models of enterprise risk management of Anglo-Saxon origin on the norms and orientations of the Brazilian federal government on this issue It focuses on the two international models which are considered the most relevant: a) the Committee of Sponsoring Organizations of the Treadway Commission [COSO] for Enterprise Risk Management [ERM] model, known as “COSO ERM”; and b) the International Organization for Standardization [ISO]) model, known as “ISO 31000:2009”. ISO 31000:2009, on the other hand, is derived from a model created by the Australia/New Zealand Standards Committee [AS/NZS]), known as Norm AS/NZS 4360:2004 (Leitch, 2010) These models of Anglo-Saxon origin were born from searches for fraud in financial/accounting reports (Delmas, 2002; Delmas & Montes-Sancho, 2011; Delmas & Montiel, 2008; Guler, Guillén, & Macpherson, 2002; Hayne & Free, 2014). In addition to contributing to the literature dealing with Latin America’s late adoption of these standards, this article helps understand the process of normalizing enterprise risk management in the Brazilian federal government, highlighting the forces and actors involved in this process
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