The Committee of Sponsoring Organizations of the Treadway Commission adopts this definition of Enterprise Risk Management: Enterprise risk management is a process, effected by an entity’s board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to … Read more »
Tag: COSO
Standard & Poor’s To Begin Evaluating Enterprise Risk Analysis
On May 7, 2008, Standard and Poor’s Announced that they address enterprise risk management at part of their ratings: Standard & Poor’s To Apply Enterprise Risk Analysis To Corporate Ratings. (.pdf) Ultimately, we will enhance transparency by providing investors and issuers our views of a management team’s ability to understand, articulate, and successfully manage risk. … Read more »