What 'safeguarding of assets' means in ERM, corporate governance

The meaning of “safeguarding of assets” depends upon the context:• At the statutory compliance level, it may focus on complying with the terms of the Sarbanes-Oxley Act and broader Securities and Exchange Commission and generally accepted accounting procedure regulations.• At the corporate governance level, the focus must broaden to consider implications and accountability to all stakeholders, both internal and external to the corporation.• At the general business risk-management level, safeguarding must integrate the full spectrum of corporate, financial, and operational issues relevant to asset management.The figure illustrates the significance of contex...

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