Credit Governance

Author: Shi Xiaojun
Publisher:
Publish Date: 2004-01-01
Features: This book avoids readers from understanding credit management practices in a simple linear manner, facilitating dynamic control and modification of policies and strategies. What is even more valuable is that both authors possess rich practical experience in corporate credit management consulting, having served many renowned enterprises in implementing credit management consulting practices. These case studies are integrated into the book, making it more practically relevant. Based on an in-depth analysis of the causes of credit risk in China, the historical evolution of credit risk governance in China, and the current state of credit risk governance in China, the book proposes the proposition that China's credit risk governance must take the corporate approach. Regarding the micro-mechanisms of corporate credit governance, the book presents a framework with certain breakthrough significance for corporate credit risk governance, namely the "Culture-Process-Tool" framework. This framework, while adhering to classic risk management theories, incorporates Chinese characteristics and reflects the concept of "governance," going beyond the simple linear model of "pre-event-post-event." The second part of the book elaborates on this framework, providing abundant data, practical case studies, and useful methods to thoroughly analyze key issues such as credit culture development, credit policy formulation, organizational design for credit governance, strategies for utilizing credit information channels, analysis of credit risk elements, evaluation and measurement of credit risk, credit decision-making methods, and value chain management of credit risk.