Case Study On Financial Risk Prevention And Control Of Group Companies

With the continuous advancement of reform and opening up and the rapid development of the market economy,the group company has begun to become the most important economic organization for the development of social productive forces.The complex and varied macro environment and the internal environment of the group company,coupled with its limited management level,have led to a wide range of internal and external risks in its daily operations.All business activities of the group company are fully displayed in the capital movement,and all risks are also presented using financial risks.Among the many risks,the position of financial risk is more important.In addition,the multi-layer principal-agent relationship within the company has led to the continuous formation,accumulation,transmission,amplification and diffusion of financial risks in this relationship,which has caused the future development of the group company.Great challenges and threats.How to enhance the prevention and control of its financial risks,promote the continuous growth of its financial risk management level,maximize its value and achieve sustained and stable development,which has become an urgent problem for group managers and a national society.Need to pay attention to the issue.This article takes COSCO Group as the research object and adopts the research method of finding the problem-analysis as the problem-solving problem.Taking the financial risk control status of the group company as the main entry point,and sorting and summarizing the relevant research results at home and abroad,according to the current status quo of COSCO Group,explore the development status and triggering factors of its financial risks.Research on the status quo of the control and the problems it has placed.Conduct a comprehensive study on the factors that lead to more in-depth research,and finally come up with a risk control strategy that is beneficial to the development of the group company.After research,the financial risks of COSCO Group have the following suggestions:(1)Strengthening the attention and analysis of the macroeconomic environment;establishing a corporate financial risk management organization;and improving the professional quality of financial management personnel.(2)Strengthen the prevention and control awareness education of financial risks;foster a culture of financial risk prevention and control.(3)Improve the internal risk control of the parent company to the subsidiaries,mainly in the process of financing,investment,and operation.(4)Improve the financial information reporting system,auditing system,performance appraisal and incentive system of the group company.