Looking to raise the bar on risk discussion and better integrate it to business strategy, the Committee of Sponsoring Organizations of the Treadway Commission, or COSO, has unveiled a proposed redraft of its 2004 ERM framework.
COSO even wants to rename the framework — Enterprise Risk Management — Aligning Risk with Strategy and Performance — to emphasize a new approach to managing new and existing risks in a way that better integrates the dialogue about risk into business planning.
