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COSO welcomes inaugural Executive Director to lead regulatory excellence.

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TLDR:

Lucia M. Wind has been named as COSO’s first-ever full-time chair and executive director, solidifying the organization’s commitment to providing thought leadership in areas of internal control, enterprise risk management, fraud deterrence, and governance. Wind’s role will focus on expanding COSO’s mission and elevating its importance for the future of business.

Key Points:

  • COSO has appointed Lucia M. Wind as its first-ever full-time chair and executive director, effective December 1, 2023.
  • Wind’s role will involve expanding COSO’s mission and elevating its importance in providing guidance for organizations in areas of internal control, enterprise risk management, fraud deterrence, and governance.

The executive board of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has named Lucia M. Wind as COSO’s first-ever full-time chair and executive director, effective December 1, 2023.

Since its inception, COSO has provided thought leadership and guidance for organizations in areas of internal control, enterprise risk management, fraud deterrence, and governance. Serving as COSO’s chair and executive director, Wind will expand on her role leading COSO in fulfilling its mission and elevating COSO as the authority to help organizations drive improvements across the committee’s key areas of focus.

This first-of-its-kind role in COSO solidifies the importance COSO’s executive board has placed on dedicating resources to taking COSO to the next level and elevating its importance for the future of business. By deploying committed COSO resources, the committee looks to expedite development of thought leadership pertaining to many critical areas organizations face globally.

“Lucia has already made great strides for COSO, bringing our mission to life through her deep knowledge, transformative spirit, and forward-thinking vision for the organization,” said Doug Prawitt, Ph.D, CPA, lead director of COSO.

Wind has been a business partner, enterprise risk management leader and internal audit executive at large technology firms with a global footprint, in addition to holding leadership roles at smaller enterprises and NFPs. A certified fraud examiner, Wind led ERM, risk assessment, internal audit and SOX compliance functions based on COSO frameworks and guidance in the enterprises where she worked previously.

“I am very excited to expand my role with COSO and continue my work in moving us forward on this exciting journey,” said Wind. “As the rate of new risks around us grows, I look forward to leading COSO in the development of relevant thought leadership and to further engage directly with our stakeholders and the broader community.”


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