University-wide Risk Management Program
To integrate an enterprise-wide risk management (ERM) process within the University designed to identify and assess risk management strategies used to provide reasonable assurance regarding achievement of the University’s objectives.
Senior Management Commitment
One of the eight interrelated COSO (Committee of Sponsoring Organizations) ERM framework components is the internal environment. Support of ERM from top executives promotes a strong internal environment that consists of management’s philosophy and operating style; established culture of integrity, strong ethical values, and competent employees.