From Guidance to Action: Exploring Practical Enterprise Risk Management
COSO’s “From Guidance to Action: Exploring Practical Enterprise Risk Management” (2026) focuses on making ERM decision‑useful rather than compliance‑driven. It argues that strategy and risk are inseparable and that ERM should influence real choices, not just generate registers, heat maps and RCSAs. The paper introduces ten ERM operating disciplines, including linking strategy and risk, treating value creation as a required outcome, making risk appetite usable, managing risk as a portfolio, prioritising decisions over documentation, measuring value not activity, and embedding ERM into business rhythms. It emphasises lightweight, decision‑led practices: clear trade‑offs, ranges, triggers and ownership at key decision points. Through personas, case examples and a practitioner “translation guide”, it shows how organisations can apply the COSO ERM Framework under real constraints to provide clearer choices, earlier pivots, fewer surprises and stronger board confidence.
Enhanced Combined Assurance Framework for South African Organisations – Example Only
This framework provides South African organisations with a comprehensive approach to implementing combined assurance aligned with King V Principle 12. Combined assurance integrates all assurance activities across the three lines model (operational management, risk/compliance oversight, and internal audit) plus external providers, eliminating fragmentation that typically results in 15-25% inadequate risk coverage and 10-15% duplication. The framework comprises six core components: integrated architecture, assurance mapping methodology, governance mechanisms, integrated planning, consolidated reporting, and quality assurance. Implementation follows a phased 12-24 month roadmap across foundation, integration, operationalisation and maturity phases. Research shows organisations with structured implementation achieve 30-40% better coordination, identify emerging themes 40-50% faster, and reduce 20-30% planning overlap. The framework positions combined assurance as a strategic governance capability that enhances board effectiveness, optimises assurance resources, and strengthens stakeholder confidence in organisational integrity.
Integrated Strategy, Risk & Resilience (ISRR) Toolkit: Phase 4 Templates
Integrated Strategy, Risk & Resilience (ISRR) Toolkit: Phase 4 Templates Phase IV (Monitor, Review, Record and Report) contains specifications for an ISRR dashboard that combines strategy KPIs, risk and resilience metrics, integrated board and committee reporting templates, and an integrated reporting input template that links ISRR to value creation, preservation and erosion. It further includes……...
Integrated Strategy, Risk & Resilience (ISRR) Toolkit: Phase 3 Templates
Integrated Strategy, Risk & Resilience (ISRR) Toolkit: Phase 3 Templates In Phase III (Perform and Achieve), the toolkit shifts into execution with an integrated strategy process guide, a strategy workshop pack, a strategic initiative charter, a risk treatment and resilience planning matrix, a multi‑year resilience roadmap, and templates for incident management, crisis management, business continuity……...
Integrated Strategy, Risk & Resilience (ISRR) Toolkit: Phase 2 Templates
Integrated Strategy, Risk & Resilience (ISRR) Toolkit: Phase 2 Templates Phase II (Context Enablement) provides an integrated environmental scan and foresight template, stakeholder mapping and response canvases, ISO 31000‑aligned risk assessment packs, an integrated risk register structure, a resilience universe self‑assessment, terms of reference for an ISRR Working Group, and training material on integrated thinking……...
Integrated Strategy, Risk & Resilience (ISRR) Toolkit: Phase 1 Templates
Integrated Strategy, Risk & Resilience (ISRR) Toolkit: Phase 1 Templates In Phase I (Commit and Mandate), the toolkit offers templates for an Integrated Strategy–Risk–Resilience Policy, governance charters for the board, executive and committee structures, a RACI for ISRR roles, a risk appetite statement, a strategic decision paper with an explicit appetite check, and a leadership……...