Boards fail to talk risk
Deloitte research reveals financial firms could do more on risk.
Boards at a substantial number of the world’s largest financial institutions are still failing to do enough to address risk management.
According to Deloitte’s Global Risk Management Survey, just 60% have open discussions about risk.
The survey found half of respondents believed it was their risk management team’s role to consider executive pay against corporate culture.
But 85% of respondents said that risk was discussed more than it was two years ago. Deloitte said that this continued a trend of “ratcheting up” involvement by boar
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