The Committee of Sponsoring Organizations of the Treadway Commission is looking for a new chairperson as its current chair, Paul Sobel, plans to depart at the end of the year.
Sobel has been leading the group since 2018. COSO develops widely used frameworks for internal controls and enterprise risk management. It is jointly sponsored by the American Accounting Association, the American Institute of CPAs, Financial Executives International, the Institute of Management Accountants, and the Institute of Internal Auditors. The IIA is managing the application process. The elected position will start on Jan. 1, 2023, for a three-year term.
“The COSO board greatly appreciates Paul’s service, and we look forward to enhancing COSO’s influence and relevance globally in a disruptive business environment with a chair who continues to exemplify executive maturity and presence, has experience leading boards, and is a credible voice in internal controls, risk management and corporate governance,” said IMA CEO Jeff Thomson, who is also COSO lead director, in a statement Wednesday.
Prior to leading COSO, Sobel was vice president and chief audit executive of the paper manufacturer Georgia-Pacific (
The COSO board is looking for candidates with executive maturity and presence, deep knowledge and experience in internal controls, enterprise risk management, governance, and fraud deterrence, leadership skills, public speaking proficiency, and a commitment to ensuring the relevance and influence of COSO globally.
The main responsibilities include board leadership; strategic relationships with other organizations that have a common interest with COSO’s mission; oversight of COSO-sponsored projects and other activities that align with its vision, mission, and strategic goals.
Interested candidates can send a letter of interest along with a current resume of qualifications to
