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Risk Management

The UoC has implemented a comprehensive risk management system. This pursues in particular the prevention and avoidance of risks as well as the minimization of the consequences of risks. In doing so, it follows the Higher Education Act of North Rhine-Westphalia, the auditing provisions of the Budgetary Principles Act (Haushaltsgrundsätzegesetz), the Corporate Control and Transparency Act(Gesetz zur Kontrolle und Transparenz im Unternehmensbereich), the Corporate Governance Code (Corporate Governance Kodex) and the Transparency and Disclosure Act (Transparenz- und Publizitätsgesetz) as well as the standards of the Institute of Public Auditors in Germany (Institut der Wirtschaftsprüfer).