Maria Castañón Moats’ Post

View profile for Maria Castañón Moats, graphic

Board Director, Retired PwC Partner, Former Vice Chair Audit Leader, Former CDO

Excited to announce that Committee of Sponsoring Organizations of the Treadway Comission, NACD (National Association of Corporate Directors), and PwC will be working together to develop a Corporate Governance Framework (CGF) that will serve as a recognized governance model for US organizations. The framework will align with existing COSO frameworks and aim to enhance governance practices in publicly traded companies, private companies, startups, pre-IPO entities, and nonprofit organizations. #PwCProud  #CorporateGovernance #BoardGovernance  https://lnkd.in/gcXpkfBh 

COSO and NACD Award PwC US RFP for Devel | COSO

COSO and NACD Award PwC US RFP for Devel | COSO

coso.org

Michael (Mike) Ford

Adjunct Professor, Corporate Advisor, Coach, Mentor and Retired Chief Audit Executive and SVP Internal Audit at Royal Ahold Delhaize

6mo

Three cheers for this study and I look forward to the resulting guidance as it’s very much necessary! While the focus of the RFP and today’s announcement appears to benefit US organizations, I’d urge the team to view this as an international effort. For example, please ensure that consideration be given to the three lines of defense model as a valid alternative for corporate governance. Having seen; supported and lived the 3LOD model; and with the ever increasing list of risks facing organizations (e.g, ESG, cyber, AI, compliance, in addition to reporting/SOX, etc.), I’m hopeful that the team will look broadly at the alternative governance models. Best wishes!

Please draft the framework in a manner that is consistent with IIA Standards. The Standards include an entire domain for “Governing the Internal Audit Function”.

James H. ("Jim") Wanserski

Principal Officer/Founder at Wanserski & Associates

6mo

Hmmm, one might ask, "how would you know?"

Like
Reply
See more comments

To view or add a comment, sign in

Explore topics