CLASSIFICATION AND SIGNIFICANCE OF RISKS IN GLOBAL COMPANIES: MODERN APPROACHES BASED ON COSO ERM AND ISO 31000

Authors

  • Sayidova Shakhlo Toshtemirovna Graduate Student, 2nd Year, Specialty: 70410901 – “MBA Global Management” Graduate School of Business and Entrepreneurship under the Cabinet of Ministers of the Republic of Uzbekistan, Head of the Risk Management Department at Navoiyazot JSC

Keywords:

Global companies, risk classification, risk management, corporate governance, COSO ERM, ISO 31000, operational risk, financial risk, internal control, ESG risks, sustainability, strategic risk, resilience.

Abstract

In the modern global economy, risk classification and management have become strategic priorities for multinational corporations. Rapid digital transformation, geopolitical instability, climate change, supply chain disruptions, and increasing regulatory requirements create a complex risk environment. This article examines the significance of risk classification in global companies and highlights modern approaches based on COSO ERM and ISO 31000 frameworks. Particular attention is given to strategic, operational, financial, technological, reputational, and ESG-risks. Effective risk classification enables companies to improve decision-making, allocate resources efficiently, strengthen internal control systems, and enhance long-term sustainability.

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Published

2026-04-28

Issue

Vol. 47 (2026)

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

How to Cite

CLASSIFICATION AND SIGNIFICANCE OF RISKS IN GLOBAL COMPANIES: MODERN APPROACHES BASED ON COSO ERM AND ISO 31000. (2026). American Journal of Business Management, Economics and Banking, 47, 172-176. https://americanjournal.org/index.php/ajbmeb/article/view/3518