Degree course: 
Corso di Second cycle degree in ECONOMICS, FINANCE AND BUSINESS LAW
Academic year when starting the degree: 
Academic year in which the course will be held: 
Course type: 
Compulsory subjects, characteristic of the class
Second semester
Standard lectures hours: 
Detail of lecture’s hours: 
Lesson (40 hours)


Final Examination: 

The exam consists of:
• In the preparation of a business case aimed at analyzing the information available on risk management and on the models applied by a company listed on a national or international market;
• In a two-hour written test consisting of four open questions, if possible take the face-to-face test;
• In a 30-minute oral test, if the face-to-face test is not possible.
The ability to discursively organize knowledge will be assessed, with depth of analysis, logic, rigor and originality of any proposed solutions

Voto Finale

The aim of the course is to give students the fundamental skills to enterprise risk management, from the point of view of methodologies and management practice basically developed by industrial firms.
Considering the changes in the Regulationand the bigger awareness developed also in the industrial firms in the field of integrated risk management, the course intends to deepen some methodologies of detecting, analyzing, valuating, managing, monitoring and reporting of enterprise risks, analyzing Enterprise Risk Management (ERM) models in the management of strategic, financial, operative, compliance and pure risks.
In particular, during the course, will be treat more in depth some aspects and operative models of corporate that have yet implemented an ERM framework and a governance and controls system for compliance risk, as ffo r example the compliance risk related to Legislative Decree 231/2001 on the criminal and administrative corporate’s responsibility

At the end of the course, the student will be able to:
• Understand the scenario in which the various regulations on risk management and compliance that affect industrial companies have been developed;
• Understand how the corporate bodies and functions of a typical SME are called to respond to the management needs of the various risk configurations;
• Classify risks in an orderly manner and understand their interrelationships and effects;
• Understand how the governance, management and control of risks are regulated for listed companies, on the basis of what is indicated in the Corporate Governance Code of Borsa Italiana;
• Describe the ERM framework in its different phases and components;
• Illustrate a case of application of the ERM model to a medium-sized company;
• Understand the operating dynamics of an investment project aimed at implementing an RM framework on a financial risk;
• Describe a model of implementation of corporate compliance, through an understanding of the legislation on criminal and administrative liability of entities;
• Understand the positive effects related to the implementation of the organization, management and control model pursuant to Legislative Decree 231/2001;
• Describe the requirements that must exist to implement and effectively adopt a 231 model.

1. Reference scenario;
2. Bodies, corporate functions involved in the risk management process;
3. The application of the Borsa Italiana Corporate Governance Code to SMEs;
4. Definition and classification of risks;
5. The integrated risk management model: from Risk Management to Enterprise Risk Management;
6. The application of risk management methodologies: an example of integrated risk implementation in a multinational company;
7. The application of risk management methodologies: an example of an implementation project for a multi-year industrial investment;
8. The risk organization, management and control model pursuant to Legislative Decree 231/2001.
9. Examples of application of the framework on risks and reporting in some listed companies;
10. Evolution and development of new risk management models.

See "Content of the course"

During the lectures and through notices on the University's e-learning site, the teacher will report the mandatory and optional "Readings chosen" useful for the purpose of taking the exam.


The lessons will be accompanied by a couple of lessons dedicated to seminar meetings with university teachers and operators, concerning specific parts of the course program.
During the lessons and seminars, didactic material will be made available to attending students for the purpose of preparing the exam, even if it does not replace the texts indicated in the exam program.
The material will be uploaded on e-learning, also for the benefit of non-attending students
The teacher will report during the lessons and through notices the mandatory and optional "Readings chosen" useful for the purpose of taking the exam

The teacher receives the students on the day of class from 13 to 13 and 30
E-mail address and other contact details: and web page: