Organizations
encounter risk every day as they pursue their objectives. In conducting
appropriate oversight, management and the board must deal with a fundamental
question: How much risk is acceptable in pursuing these objectives? Added to
this, regulators and other oversight bodies are calling for better descriptions
of organizations’ risk management processes, including oversight by the board. This
thought leadership document is one of a series of papers, sponsored by the
Committee of Sponsoring Organizations of the Tread way Commission (COSO), to help
organizations implement enterprise risk management.
..............By Faith Gabriella.
