COSO Thought Paper, November 2009.

Mark Beasley, NC State University
Bruce Branson, NC State University
Bonnie Hancock, NC State University

COSO’s Strengthening Enterprise Risk Management for Strategic Advantage focuses on specific areas where the board of directors and management can work together to improve the board’s risk oversight responsibilities and ultimately enhance the entity’s strategic value.  This thought paper expands on COSO’s Effective Enterprise Risk Oversight: The Role of the Board of Directors and provides further detail on the four specific areas discussed in that document.