ABSTRACT
This chapter provides a very short overview of the leadership literature followed by a brief review of the Risk Leadership concept as it has emerged over the past decade. It also provides a short scene-setting review of the risk management story—how it started and developed; how Enterprise Risk Management entered the picture; and the consequent emergence of Chief Risk Officers/Risk Leaders as a new, heralded, but largely underexamined phenomenon. Owing to a lack of clarity in the particulars with Sarbanes–Oxley Act (SOX), COSO subsequently produced guidance on risk management. The articulation of these expectations, as set forward by the COSO document, served as a kind of connective tissue for linking SOX to broader developments in the risk management community—particularly Enterprise Risk Management. SOX and COSO work well for accomplishing what they set out to accomplish, which is no mean achievement.
