HGY is a major global corporation that has decided to implement the COSO Enterprise Risk...

Authorise managers and supervisors to respond immediately to any risks that emerge

Make risk management an element of everyone's responsibility

Recruit a Director of Risk, who will lead risk management procedures.

Train staff at all levels to identify and report risks to their superiors

Create a risk management team that will take responsibility for identifying and mitigating risk

Identify risk as an element of HGY's overall strategy.