Applicable Standards
Intended Beneficiaries
- ✓Listed and pre-IPO companies (corporate governance evaluation requirements)
- ✓Regulated industries: manufacturing, financial services, technology
- ✓Companies pursuing ISO 31000 or COSO ERM certification
- ✓Enterprises rebuilding internal controls after a significant risk incident
The Difference Between Acting and Waiting
✅ When you act
ISO 31000-certified suppliers pass customer due diligence reviews directly, while competitors scramble to compile documentation at the last minute.
❌ When you wait
Companies without ERM systems are classified as "high-risk suppliers" during customer audits, losing orders to better-prepared competitors.
✅ When you act
Enterprises with geopolitical risk matrices proactively identified alternative sourcing during US-China trade tensions and Russia-Ukraine disruptions — capturing orders lost by competitors.
❌ When you wait
Without systematic risk assessment, companies begin seeking alternatives only after crises hit, missing the order-capture window as customers shift to prepared suppliers.
✅ When you act
Listed companies that implement ERM before governance evaluations achieve higher scores, investor confidence, and a valuation premium.
❌ When you wait
Low governance scores place companies on institutional investors' "high governance risk" lists, raising financing costs and depressing market valuations.
Framework Comparison & Implementation Strategy
ISO 31000
Principles-based international standard applicable to all industries and sizes. Emphasizes risk culture and continuous improvement, recognized by international clients.
COSO ERM 2017
Strategy-oriented framework focused on board governance and performance integration. Preferred by US investors and listing reviews.
Risk List Only
Creating a list of 100 risks that sits in a drawer — no quantification, no prioritization, no KRI monitoring. Pulled out only at audit time.
The Winners Approach
Dynamic risk register: quarterly updates, automated KRI alerts, board-level visualization dashboard. Risk management becomes a daily decision tool.
Service Delivery Process (Four Stages)
Current State Assessment
Deep-dive into existing risk management systems, organizational structure, and business processes to identify all risk sources.
Risk Assessment & Prioritization
Use risk matrix tools to quantify likelihood and impact, establishing clear prioritization for treatment.
Framework Build & Documentation
Establish ERM policies, processes, and RACI structures; complete the full documentation set required for ISO 31000.
Audit Prep & Certification
Run mock audits, close identified gaps, and provide full-engagement support through formal external certification.
Frequently Asked Questions
What is the difference between ISO 31000 and COSO ERM?▼
ISO 31000 is a principles-based international standard applicable across all industries; COSO ERM is a US-oriented framework focused on financial governance and listed companies. Winners will recommend the best approach for your industry and goals.
How long does ERM certification typically take?▼
From initial assessment to certification, the process generally takes 4–8 months depending on company size and existing framework maturity. Winners stays with you throughout to ensure the fastest possible timeline.
We are a mid-sized company — is ERM suitable for us?▼
Absolutely. The ERM framework scales to your size. For mid-sized companies, a robust ERM system creates a competitive edge in IPO reviews, customer due diligence, and supplier evaluations.
Is ongoing maintenance required after certification?▼
Yes, ISO 31000 requires annual maintenance. Winners provides 90-day post-certification tracking and annual review support to ensure sustained compliance.
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Enterprise Risk Management (ERM)
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