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Fundamentals of Enterprise Risk Management, 2nd Edition by John J. Hampton

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CHAPTER 6

IMPLEMENTING ERM

RISK QUOTE: The secret of life is honesty and fair dealing. If you can fake that, you’ve got it made.

GROUCHO MARX, COMEDIAN AND MOVIE STAR

RISK QUOTE: I wake up every morning at nine and grab for the morning paper. Then I look at the obituary page. If my name is not on it, I get up.

BENJAMIN FRANKLIN, SCIENTIST, PUBLISHER, AND DIPLOMAT

RISK QUOTE: It seems to be a law of nature, inflexible and inexorable, that those who will not risk cannot win.

JOHN PAUL JONES, REVOLUTIONARY WAR NAVAL CAPTAIN

COSO Framework

The Committee of Sponsoring Organizations (www.coso.org) developed the framework most commonly associated with enterprise risk management. Titled COSO Enterprise Risk Management—Integrated Framework, the ...

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