Enterprise Risk Management standards

ERM Compliance and Enforcement: Avoiding Penalties

In my last blog and On-Demand Webinar “Presenting Risk Management to the Board,” I was asked for help in identifying government regulations that hold Boards responsible for Enterprise Risk Management (ERM) compliance. Definition: First some background, the SEC Proxy Disclosure Enhancements rule defines ERM compliance as extending the board’s role in risk oversight to the threshold of material impact of the risk…


How to Consolidate Compliance Risk Assessments

The National Credit Union Administration (NCUA) by mandate has added  Enterprise Risk Management (ERM) and Sarbanes-Oxley (SOX) like financial reporting attestation compliance to the list of required activities for credit unions. Why has the NCUA put SOX, or financial reporting attestation, and ERM in the same ruling? The NCUA has recognized that all regulatory compliance guidelines…