COSO ERM Framework (Enterprise Risk Management—Integrating with Strategy and Performance)

The COSO ERM Framework is a globally authoritative guide for integrating risk, strategy, and performance management. Its core idea, reflected in Principle 10 ('Identifies Risk in Execution'), helps entities realize value through five components and twenty principles: Governance & Culture, Strategy & Objective-Setting, Performance, Review & Revision, and Information, Communication & Reporting.

Taiwan's Financial Supervisory Commission's 'Corporate Governance Best Practice Principles for TWSE/TPEx Listed Companies' references this framework, requiring companies to establish effective risk management mechanisms. Facing supply chain restructuring, ESG trends, and strict cybersecurity laws, adopting COSO ERM is key for compliance, operational resilience, and meeting customer and investor expectations.

It aligns closely with ISO 31000:2018 (Risk management — Guidelines). It also supports risk assessment requirements in standards like ISO 9001:2015 (Quality Management, Clause 6.1), ISO 27001:2022 (Information Security, Clause 6.1.2), and the risk-based thinking in IATF 16949 (Automotive QMS).

Winners Consulting is Taiwan's pioneer in integrating ERM, industrial engineering, tech law, and data science. Led by experts in preventive law, our interdisciplinary team helps vertically integrate COSO ERM with ISO and governance, avoiding redundant systems. We specialize in turning risk management into a competitive advantage for high-tech industries.