The Committee of Sponsoring Organizations of the Treadway Commission released a new report aimed at helping organizations strengthen their enterprise risk management efforts.
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The survey found that 98% of respondents believe ERM should play a more strategic role in their organizations, 54% of ERM programs are most commonly perceived as a compliance or assurance function, while 28% of ERM programs are most commonly perceived as a strategic partner, but only 7% of ERM programs are fully integrated into strategy decisions.
“Risk management programs don’t need to be perfect, just effective,” Luttenton said in a statement. “Build a program that is sustainable and delivers clear, decision-ready insights. Keep it simple. Be intentional. Be Innovative. Complexity is optional; clarity is not. At its best, risk management helps organizations protect and pursue value. This paper shares practical insights and perspectives that we hope inspires new ideas and ways of thinking.”
The paper discusses how organizations can apply the COSO ERM Framework as a toolkit for embedding risk thinking into everyday decision‑making. It includes real‑world examples of ERM in action, a model for linking strategy and risk at key decision points, and a set of operating disciplines that help teams deliver timely, decision‑ready insights even under real‑world constraints.
“Organizations today face unprecedented complexity, and ERM must evolve to keep pace,” said COSO executive director and chair Lucia Wind in a statement Monday. “This paper provides practical, experience‑based guidance that helps leaders move beyond risk documentation toward embedded, real-time decision‑led practices that strengthen performance, resilience, and governance.”
COSO is jointly sponsored by the American Accounting Association, the American Institute of CPAs, Financial Executives International, the Institute of Management Accountants and the Institute of Internal Auditors.
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