Activity
Align with strategy and risk appetite
Set objective ICS ERM
Description
Comment
"The entity’s risk appetite is reflected in entity strategy, which in turn guides resource allocation. Management allocates resources across business units with consideration of the entity’s risk appetite and individual business units’ strategic plans to generate a desired return on invested resources. Management looks to align the organization, people, processes and infrastructure to facilitate successful strategy implementation and enable the entity to stay within its risk appetite."
COSO
Organisation
Responsible
Senior Management
Input/Output
Input data
Risk strategy
Company strategy
Entity objectives
Output data
Risk strategy
Entity objectives