CHAPTER 6
IMPLEMENTING ERM
RISK QUOTE: The secret of life is honesty and fair dealing. If you can fake that, you’ve got it made.
—GROUCHO MARX, COMEDIAN AND MOVIE STAR
RISK QUOTE: I wake up every morning at nine and grab for the morning paper. Then I look at the obituary page. If my name is not on it, I get up.
—BENJAMIN FRANKLIN, SCIENTIST, PUBLISHER, AND DIPLOMAT
RISK QUOTE: It seems to be a law of nature, inflexible and inexorable, that those who will not risk cannot win.
—JOHN PAUL JONES, REVOLUTIONARY WAR NAVAL CAPTAIN
COSO Framework
The Committee of Sponsoring Organizations (www.coso.org) developed the framework most commonly associated with enterprise risk management. Titled COSO Enterprise Risk Management—Integrated Framework, the ...
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