Discussion – Corporate Governance
We have all heard the saying “The buck stops here”. The Treadway report indirectly states that the “buck” stops with the Board of Directors and Senior Management. In addition, the Sarbanes-Oxley act provides both specific requirements and severe punishments for non-compliance.
Please read the following article from the library to assist you in formulating your posting this week.
Making Sense of COSO’s New Framework for Enterprise Risk Management
For your initial post discuss why the “Tone at the top” of an organization is essential to a successful Enterprise Risk Management program. Please be specific in your post and use detailed examples of the benefits of a strong and focused tone at the top versus a weak tone at the top.
In your subsequent post(s) discuss how risk management can be integrated into a company’s culture. Give specific examples. What are some of the barriers?
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