The conception of the management control function: implementation and characteristics
Asma Bou Dalla 1
This research aimed at deepening the empirical knowledge of the management control function in Lebanese insurance companies. It showed that, in the Lebanese insurance sector, the management control function is currently characterized by: (1) Its contingency (it may not formally exist, or it may exist structurally as an autonomous department, or it may be entrusted to the company’s CFO or HR Director), (2) Heterogeneity of practices and activities in the field of administrative, financial or human resources management, and (3) A diversity of missions with a preponderance given to the supervision of activities or advice to management or the board of directors. This study also presented the construction of a typology of management control systems present in Lebanese insurance companies; a typology strongly determined by the contingency factors such as size, internationalization of the company as well as the conception of the management control function by the organization’s governance.
Keywords: Management control, Insurance company, Industrial revolution