Risk Management Of ZX Group Subsidiary Companies Based On Financial Perspective

With continuous globalization world’s economy and business diversification of group company, the competitive environment is more complex, financial crisis and bankruptcy events occurred frequently caused by company risk management is not perfect, to affect the group’s overall financial difficulties. ZX in subsidiary financial risk management still exist:controlling model is not mature, inefficiency, risk warning lag and the supervision mechanism is not perfect etc., leading to the group risk control effect is not ideal. So, in this paper, through the research on the group’s financial risk control, Hope can get some innovative ideas and practical experience, provide useful reference for solving the same type group’s problem.In this paper, firstly expounded the related theories, Through the research on the principal-agent theory and the theory of corporate governance, the comprehensive risk management theory, theory of financial risk control and financial control model and characteristics of group company, achieve the method of group financial risk control. Based on the analysis of ZX group organization structure and group financial risk control status, Focused on the analysis of a series of problems in the ZX group’s financial risk control, according to the analysis of the ZX group of financial risk control, defects in the governance structure distress, difficulties of finance officer, poor timeliness in early warning mechanism, budget and cash management model is not perfect, imperfect supervisory mechanism etc., according to the reasons of the problems, combined with the related theory, domestic and international risk management practice and research, designed perspective Group subsidiary risk management plan for ZX group, the plan focuses on governance structure, financial staff management model, information management model, budget, cash, operation cost, tax management model, risk early warning and supervision mechanism etc. to design and optimization. Finally, propose further implement through the thought, system, implementation and supervision four aspects, to ensure the project execution and continuous optimization.In this paper, combined with the group presence and problems of financial risk control, By using the method of theoretical analysis and practical management experience, according to the mutual conduction relationship between financial risk and other risk, obtain group’s financial risk control not only the general character in Individual, and its complexity and particularity. Group subsidiary risk management can not only stay in the company business level or within the company, but within the group comprehensive coordination, both consider other shareholders and other stakeholders, hope provide useful reference for group management practice.