Enterprise Risk Management (ERM)

According to the authoritative "COSO ERM 2017 Framework," ERM is "The culture, capabilities, and practices, integrated with strategy-setting and performance, that organizations rely on to manage risk in creating, preserving, and realizing value." It treats risk as an integral part of strategy, managing all potential risks affecting objectives from a top-down, holistic perspective, not just within siloed departments like finance or compliance.

Taiwan's Financial Supervisory Commission (FSC) requires listed companies to establish ERM systems through its "Rules Governing Risk Management of Public Companies." Furthermore, escalating geopolitical risks, supply chain disruptions, trade secret theft, and cybersecurity threats mean that without effective risk management, companies face huge fines, operational interruptions, reputational damage, and loss of market competitiveness. This is especially critical for Taiwanese firms deeply integrated into global supply chains.

The guiding principles for ERM come from the ISO 31000:2018 Risk Management standard. In practice, it is closely linked to numerous management systems, such as the risk-based thinking in ISO 9001 (Quality Management), risk assessment and treatment in ISO 27001 (Information Security), hazard identification and risk assessment in ISO 45001 (OH&S), and ISO 22301 (Business Continuity).

Winners Consulting is Taiwan's pioneer in integrating ERM with industrial engineering, technology law, and data science. Led by a founder with a background in preventive law, our team includes lawyers, ISO lead auditors, and AI experts. We help companies vertically integrate ISO systems, corporate governance, and internal controls to avoid redundant efforts. We have successfully assisted leading companies like TSMC and MediaTek in transforming risk management into a tangible competitive advantage.