erm

New Institutional Economics

An economic theory analyzing how institutions (rules, norms) and transaction costs shape economic outcomes. For ERM, it provides a framework to identify risks from inefficient contracts and governance structures, informing risk response strategies aligned with principles in COSO ERM and ISO 31000.

Curated by Winners Consulting Services Co., Ltd.

Putting this into practice

Winners Consulting helps organizations turn this concept into workable policies, processes and audit readiness.

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