The two most widely-used risk management system standards are ISO 31000:2018 and COSO ERM:2017.

ISO 31000:2018[i] presents eight ‘principles’ to provide guidance on the characteristics of having efficient and effective risk management, communicating its value, and explaining its intention and purpose.  These principles are offered as the foundation for managing risk and seeks the users’ consideration when establishing the organization’s risk management framework and processes. Continue reading →