COSO’s guiding principles for board oversight: Why directors should care 2 min read Download Board Perspectives — Issue 194Today’s boards are being asked to do more — at greater speed and under greater scrutiny — while navigating escalating risks and rapid change. Recently, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its Guiding Principles for Board Oversight to “offer boards a practical tool for assessing whether their governance model remains fit for purpose as organizations confront accelerating change, heightened stakeholder scrutiny and increasingly complex risk environments.”What is COSO?COSO is a joint private-sector initiative aimed at improving organizational performance and governance by reducing fraud and providing frameworks for internal control and enterprise risk management.Why did COSO issue the guidance?COSO states that the purpose of its corporate governance publication is to provide guiding principles and practical illustrations that support effective board oversight in a changing governance environment.What are the guiding principles?The framework offers 12 actionable principles covering governance structures, board composition, and oversight of culture, strategy and risk. It emphasizes linking board oversight with internal controls, executive leadership and long-term value creation. Download Click here to access all issues Learn More Board Perspectives on Apple Podcasts Board Perspectives, from global consulting firm Protiviti, explores numerous challenges and areas of interest for boards of directors around the world. From environmental, social and governance (ESG) matters to fulfilling the board’s vital risk oversight mandate, Board Perspectives provides practical insights and guidance for new and experienced board members alike. Episodes feature informative discussions with leaders and experts from Protiviti and other highly regarded organizations. Subscribe Topics Board Matters Internal Audit and Corporate Governance
