Apr 20, 2023StrategicPlan
BoardWinston-Salem State University Enterprise Risk Management Program Plan 2023
This Enterprise Risk Management Program Plan for Winston-Salem State University outlines a structured approach to identifying, analyzing, and managing risks. It aligns with the University of North Carolina policy 1300.7 and the COSO ERM framework, focusing on governance, strategy, performance, review, and reporting. The plan details roles, defines a risk appetite across critical areas such as reputation, teaching, research, compliance, and financial stability, and establishes a process for risk identification, analysis, response planning, and ongoing monitoring. The primary objective is to mitigate potential impacts on the university's strategic goals and operations.