Like many of you, I received a request from The Institute of Risk Management to comment on a consultation paper they prepared called “Risk Appetite and Risk Tolerance”. Great title. It’s not my intention to opine on the paper here.…
COSO writes about Effective Enterprise Risk Oversight
With the Yankees-Jays game on in the background, I just took a look at the COSO document on the role of the board of directors. Here are the highlights so you don’t have to read it: As a result of…
Risk Management Frameworks are Boring
There are plenty of frameworks out there on the Internet that you can read or download for free so why not just read one of those? Well, first of all, frameworks are boring; people who write policies for a living…