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The Committee of Sponsoring Organizations of the Treadway Commission (COSO) recently published new guidance on how companies can promote ‘risk appetite’ as part of decision-making. It is especially relevant in today’s uncertain marketplace. Digesting The New Guidance The COSO guidance, ‘Risk Appetite — Critical to Success: Using...

Family businesses make up the vast majority of companies in the United States and produce 62 percent of the country’s gross domestic product, according to the Conway Center for Family Business. Generally defined as companies that are majority owned by a single family with two...