ERM企业风险管理框架英文(ppt 49页)

“… a process, effected by an entity's board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risks to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives.”
Source:  COSO Enterprise Risk Management – Integrated Framework.  2004. COSO.
Underlying principles:
Every entity, whether for-profit or not, exists to realize value for its stakeholders.
Value is created, preserved, or eroded by management decisions in all activities, from setting strategy to operating the enterprise day-to-day.
ERM supports value creation by enabling management to:
Deal effectively with potential future events that create uncertainty.
Respond in a manner that reduces the likelihood of downside outcomes and increases the upside.
This COSO ERM framework defines essential components, suggests a common language, and provides clear direction and guidance for enterprise risk management.

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