This award is selected by the Armed Forces Comptroller Editorial Board each year to recognize the author(s) of the best article published in the AFC during the previous calendar year. The annual award winner is chosen from the four quarterly award winners.
Article: US Coast Guard Experience Leveraging ERM Data to Accelerate Risk Appetite and Risk Tolerance
Authors: Captain Michael Lachowicz, Lieutenant Commander Scott Nichols, Lieutenant Commander Jane Collins, and Nadezda (Nadya) Korobko
This article appeared in the Spring 2024 issue and describes how the Coast Guard has moved beyond simple risk identification and assessment to strategically accepting risks and opportunities. The article presents an alternative method of developing and implementing risk appetite and risk tolerance statements.
Read the article (must be a member to access the AFC).
Congratulations to this year’s winning article and its authors.