COSO’s Guidance: Action Plan For Post-Pandemic Risk Governance

Break down silos to identify and mitigate risk. Apply the latest COSO guidance to your institution.

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) recently issued voluntary guidance to help organizational leaders identify, monitor, and mitigate compliance risks. Learning from the impact of the COVID-19 pandemic, Regulators have been focusing on governance, making this input timely and valuable.

You need to focus on how your institution’s governance infrastructures are established and functioning. For example, COSO recommends breaking down silos to integrate management, compliance, and ethics functions.

• What should risk governance entail?
• How is the recent COSO guidance relevant for your institution?
• How should you link the Board of Directors to the governance structure?
• What are the essential phases of governance?
• How can you establish effective risk governance?
• What steps should you take to please regulators?