1. RIMS Standards & Practices Committee RIMS Conference Session 2012

2. www.rims.org

3. What standardization would RIMS want? Different levels and types of consensus documents may include: – Standards – Practices – Guides – Technical reports – White papers – Articles, etc.

4. Risk Standards and Guidelines: RIMS Executive Report March 2011 An Overview of Widely Used Risk Management Standards and Guidelines By RIMS ERM and Standards and Practices Committees

5. RIMS Approved as Accredited Standards Organization by ANSI 7/15/2011 NEW YORK (July 15, 2011) — RIMS today announced that it has been approved as an accredited standards development organization by the American National Standards Institute (ANSI) Executive Standards Council.RIMS This status will increase RIMS’ profile in the standards and practices arena by enabling it to take a lead role in shaping and developing risk management standards. RIMS aims to begin standards development in early 2012. “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 “This approval, in conjunction with the efforts of our membership, will undoubtedly serve to foster a culture of risk management across sectors.” Lori Seidenberg, RIMS board member VP, ERM Centerline Capital Group.

6. RIMS as an SDO  ANSI’s Executive Standards Council approved RIMS as an ANSI accredited standards developer (ASD) effective July 8, 2011.  Based on RIMS membership and surveys;  Help build, partner, or support consensus standards to reflect the broad risk industry challenges and opportunities.  Support or drive diverse discussions to better understand risks, mitigate threats and maximization of opportunities.  Help identify, and in some cases explore areas/industries/sectors in need of further review, enhancement or comparison.

7. How does being an SDO help RIMS members?  Ability to help craft ANSI’s position with regard to risk management standards.  Contribute to US position concerning international risks.  Obtaining consensus based on membership input.  Help RIMS support or drive standards requirements, recommendations, and practices that can impact membership.  Provide a conduit for RIMS to keep a global view concerning S&P documents (RIMS members cover over 120 countries).  Support communication channels between various stakeholders within risk standard and practice development universe.