RIMS said this status will increase its profile in the standards and practices arena by enabling it to take a lead role in shaping and developing risk management standards.
“Developing and distributing standards is vital to ensuring consistently high levels of practice in organizations worldwide, and has been top of mind for RIMS’ since we formed our Standards and Practices Committee in 2009,” said Lori Seidenberg, RIMS board member and VP, enterprise risk management, Centerline Capital Group. “This approval, in conjunction with the efforts of our membership, will undoubtedly serve to foster a culture of risk management across sectors.”
RIMS says it will begin standards development in early 2012.