What is your consolidated risk exposure?
This article discusses consolidated risk exposure and different risk management tools.
COSO Enterprise Risk Management Framework
Is the goal of risk governance taking boards in the wrong direction?
The board is discharging its responsibilities to ensure stakeholders get the performance they should: value creation as well as (and not just) value protection. The board should make sure the management team is effective in running the organization, and that is not done by focusing on a list of harms. Effective governance of an organization is limited if the board focuses on risks.
The updated ISO risk management standard merits our attention
Neither the ISO nor the COSO updates will, in my opinion, move the understanding and practice of ‘risk management’ to where they need to be. The updates are small steps when leaps were required.
