Enterprise Risk Management: Integrating With Strategy and Performance-Executive Summary. : Committee of Sponsoring Organizations of the Treadway Commission , June , 2017
Enterprise Risk Management: Integrating With Strategy and Performance-Executive Summary. : Committee of Sponsoring Organizations of the Treadway Commission , June , 2017
From the report: “Our understanding of the nature of risk, the art and science of choice, lies at the core of our modern economy. Every choice we make in the pursuit of objectives has its risks. From day-to-day operational decisions to the fundamental trade-offs in the boardroom, dealing with risk in these choices is a part of decision-making. As we seek to optimize a range of possible outcomes, decisions are rarely binary, with a right and wrong answer. That’s why enterprise risk management may be called both an art and a science. And when risk is considered in the formulation of an organization’s strategy and business objectives, enterprise risk management helps to optimize outcomes.”
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