Tasks of commercial risk management

Hannover Medical School (MHH) is a public corporation with the legal right of self-administration (Section 15 of the Lower Saxony Higher Education Act (NHG)) and, as a state-run university, is also an institution of the state of Lower Saxony (Section 47 NHG). In accordance with Section 49 of the NHG, it is managed as a state enterprise in accordance with Section 26 (1) of the Lower Saxony State Budget Code (LHO) and is subject to the provisions of Section 53 (1) of the Act on the Principles of Federal and State Budget Law (HGrG). The management of MHH is thus obliged to create the organizational framework for the company-wide early detection and prevention of risks in accordance with Section 91 (2) of the German Stock Corporation Act (AktG).

In this respect, the core task of risk management is to establish appropriate methods to identify material risks for MHH as early and as completely as possible and to counter these risks in a targeted manner as part of a systematic process. The focus here is on risks that have a significant impact on MHH's net assets, financial position and results of operations.

The Administrative Unit also aims to create transparency about MHH's risk situation and reports to the Presidium, which bears overall responsibility for an appropriate and effective risk management system.

Our work is based on the Risk Management Directive, which sets out definitions, framework conditions and principles as well as the structural and procedural organization of MHH's risk management system.

Risk management carries out a regular inventory in all organizational units of MHH to ensure that the main opportunities and risks of MHH are fully identified at an early stage. The inventory is initiated by Risk Management.

The inventory covers the Devisions, Administrative Units, Clinical Departments and Institutes in particular. In terms of content, this is based on a broad definition of risk, which includes, for example, possible environmental, strategic and economic risks, but also risks relating to the operational provision of services in relation to your organizational unit/ MHH. This also applies to significant opportunities.