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New ERM framework links risk to strategy, performance

Tammy Whitehouse | September 19, 2017

In the continued evolution of corporate approaches to risk management, companies now have a new tool to consider that has the potential to drive a new risk mindset deeper into the organization.

A U.S.-based think tank has issued its recently updated enterprise risk management framework to promote a more strategic, performance-based approach to risk—one meant to rid any stigmas around risk and integrate it into decisions made at every level. The Committee of Sponsoring Organizations of the Treadway Commission, better known as COSO, is a group of thought leaders representing accounting, auditing, and finance professionals across capital markets and private enterprise alike.

COSO is no...

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