This document is the best thing COSO has published in years. I mean… ever… The decision-led framing is genuine, not cosmetic. The practical guidance is actionable. The critique of documentation-heavy ERM is honest. It’s still a COSO document, which means it carries legacy baggage: risk appetite as a meaningful construct, the five-component framework as the… Continue reading Alex Sidorenko review of the new COSO ERM Guidance 2026
Tag: risk management transformation
Risk management is broken: why savvy professionals move beyond ERM
What if everything your organization calls “risk management” is actually making you poorer and more vulnerable? While companies worldwide pour billions into risk registers, ERM frameworks, and risk committees, they’re missing the most profound opportunity in modern business: transforming risk management from a cost center into a profit engine that could slash expenses and generate… Continue reading Risk management is broken: why savvy professionals move beyond ERM
Forget about risk management. Measure the likelihood of success instead. #ChangingRisk
My friend, Norman Marks, has been talking about rebranding risk management for years. Norman calls for risk professionals to focus on enabling success rather than avoiding failure. I think this is brillian advice. A way to communicate risk management insights to executives and the Board is to talk about the likelihood of success. Well, the… Continue reading Forget about risk management. Measure the likelihood of success instead. #ChangingRisk
