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A timely update to corporate governance by COSO and the NACD (National Association of Corporate Directors). Who have issued a draft Corporate Governance Framework to bring clarity over effective governance and its on-going iterative nature. The framework positions ‘long term value’ at its centre and six interconnected components of oversight, strategy, culture, people, communication and resilience through a continuous improvement loop.
The framework has been issued in part to update board governance to address a broadening complex and interconnected risk landscape including cybersecurity, AI, resource scarcity and regulatory change. Enabling board oversight and assurance.
https://lnkd.in/ecsu5wY5
You could say this document is consulting hype. But with the increased threats posed by Cyber and AI for example, clarity over the management of risks is important as cyber is becoming increasingly regulated, has a demonstrated affect on ‘long term value’ and is an increasingly important risk for board and executive management teams to oversight and assure.
@Thaddeus Dziekanowski Brian D. McCarthy Faisal Khan
Veritas GRC COSO (Committee of Sponsoring Organizations of the Treadway Commission)
#cybersecurity #cyberriskmanagement #artificialintelligence
https://lnkd.in/e_Ftj964
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