Presenting a paradigmatic model of the impact of the board of directors and audit committee on risk management in companies listed on the Tehran Stock Exchange

Document Type : Original Article

Authors
mohammadsaleh mazarzeyi 1
hossein badiei 2
abbasali haghparast 3
aziz gord 4
1 Department of Accounting, Zahedan, Islamic Azad University, Zahedan, Iran
2 .Department of Accounting, ST.C., Islamic Azad University, Tehran, Iran
3 Department of Accounting, Zah.C., Islamic Azad University, Zahedan, Iran
4 Department of Accounting, Payame Noor University, Tehran, Iran
10.22034/jmaak.2026.79075.4698
Abstract
Today, risk management has attracted the attention of capital owners, managers of organizations, companies, and decision-makers as an intelligent management tool and an important economic driver.This study aimed to present a paradigmatic model of the impact of the board of directors and internal audit committee characteristics on risk management in Iranian companies, using the grounded theory qualitative research method and semi-structured interviews with 12 corporate governance and risk management experts in 1404. The statistical population included senior managers, auditors, and corporate governance experts active in the Tehran Stock Exchange. The results showed that the paradigmatic model based on the causal chain of structural characteristics of the board of directors (optimal size, high ratio of mandated/expert members) and the audit committee (strong financial expertise, high number of meetings) on the quality of risk management strategies has reporting compliance and improved asset productivity. The experts emphasized that in the Iranian context, the time commitment of mandated members takes priority over the independence of the board of directors, and the financial expertise of the audit committee plays a non-negotiable role as the backbone of financial risk monitoring.
Keywords
Board of Directors Characteristics
Audit Committee
Risk Management

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