Enterprise Risk Management: New Approaches for Today's Complexities
New risks are arising from technological change, political uncertainty, cybercrime and increasing drivers of intangible value. It is mandatory for organizations to be proactive in anticipating and managing risks. This approach requires organizations to build a risk awareness and management culture that puts increased emphasis on compliance and governance.
New approaches to enterprise risk management are emerging. Revisions to COSO and ISO31000 share the ambition to integrate risk management into all aspects of the organization's activities and emphasize the importance of developing a risk culture that aligns with the organization's values and ability to handle complexity. This course will address these new approaches, including recent updates to COSO and ISO frameworks, and focus on managing risk in increasingly complex business environments. Core tenets of strategy development, risk culture and performance management will be covered to help practitioners implement best practices in enterprise risk management.