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ANSI/ASSE
/ISO31000 and 31004
Dorothy M Gjerdrum, ARM-P CIRM Arthur J. Gallagher & Co.
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Global Corporate Governance Models
All EU Countries Directives on
Governance
Netherlands Code Tabaksblatt
UK Cadbury Turnbull Greenbury Rpt BS 31100 RM
France Vienot Com. Mrini Report Levy-Long Com.
Italy Draghi
Commission
Australia/New Zeal HB 317 on Risk
Communication Stock Exchange
Listing
New AccountingStandards
Best PracticeStmt Mgmt
US Business Round Table NYSE listing
Requirements Blue RibbonCommission
Sarbanes Oxley Act COSO ERM
FrameworkCanada Toronto Stock
Exchange Committee
Canadian SecuritiesCommittee
Allen committeeReport
COCO CAN/CSA-Q850
South Africa Code of Best Practice King Report I, II, III
Stakeholder Communication Public Finance Mgmt Act
Japan Corporate
Governance
Forum of Japan J-SOX
Germany Bill on The Control
and Transparencyof organizations
Kon TraG Bill
INTERNATIONAL (All countries) - Basel I & II; ISO 31000
Developed by Dorothy Gjerdrum , AJG& Mary Peter of Eide
Bailly LLP
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The ISO 31000 Series ANSI/ASSE/ISO 31000 (also known as the Z690
series)
ANSI/ASSE/ISO 31000 Risk Management Principles and
Guidelines
ANSI/ASSE/ISO 31010 Risk Assessment Techniques Guide 73
Vocabulary for Risk Management
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A Vision for Enhanced Risk Management
Key Outcomes The organization has a current, correct and
comprehensive
understanding of its risks. The organization's risks are managed
to an acceptable level of
tolerance.
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Attributes Continual improvement Full accountability for risks
Application of risk management in all decision making
Continual communications Full integration into the organizations
governance structure
Excerpt from Annex A: ISO/ANSI/ASSE 31000: 2009
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ISO 31004 newly published
This Technical Report provides advice on theimplementation of
ISO 31000. Its purpose is:
a) To assist organizations in aligning the way that
they manage risk with ISO 31000 (by explainingand providing
guidance, examples andillustrations)
b) To assist standards-making organizations so thatthey can
harmonize risk management processeswith ISO 31000
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Overview of ISO 31004 Introduction Implementing ISO 31000
General Integrating risk management into the organization How to
implement ISO 31000 Integration into organization
s management processes Continual improvement
Correlation between ISO 31000 & 31004
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Overview of ISO 31004
Annex A Application of ISO 31000 principles Annex B How to
express mandate and commitment
(including the risk mgmt policy)
Annex C How to give effect to monitoring andreview
Annex D Integrating risk management with amanagement system
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DECEMBER 17, 2013
DOROTHY M GJERDRUMSENIOR MANAGING DIRECTOR,
PUBLIC SECTOR
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