Paper Title
Study on Management Risk Corporate Social Responsibility

Abstract
Integrating risk management into the corporate social responsibility is a topic that has occupied the attention of many scholars for some time now. Whilst a lot of funds received for corporate social responsibility are used for their intended purposes, others are not accounted for. This paper argues that one of the most prudent ways of ensuring that key beneficiaries get the best from corporate social responsibilities is through proactive risk management and adherence to international best practices. It requires strong board governance and oversight as well as the existence of audit committees to oversee effective utilization of funds. In this paper, we investigate whether proactive risk management will have effect on social corporate responsibility. The study will look at audit committee size and independence of the board andits benefits to shareholders.Another dimension of the study will assess the extent to which educated directors seem to encourage corporate hedging while financially active directors play will active role in mitigating risks. Anecdotal evidence suggests that shareholders are better off with financially educated directors on their boards and audit committees. Indeed, our measure of risk management is found to be increasing functions of the percentage of directors holding the requisite qualification. Unfortunately, mo st board of directors on corporate institutions that offer corporate social responsibility does not have the requisite skills and therefore tend to rely on external auditors alone. This study will dwell on the Ghanaian context of how corporate social responsibility is managed, the role of the board and management in ensuring that funds are properly utilized and offer recommendations for improving the situation. Keywords - Corporate governance, risk management, corporate hedging, external auditors