Boards struggle to link risk and strategy
Audit committee members reveal that many boardrooms are failing to debate risk alongside strategy.
Risk and strategy are not sufficiently linked in the boardroom discussions of a significant proportion of UK audit committee members, according to new research.
A survey by KPMG examining the reaction to revisions to the UK Corporate Governance Code found that only 51% of respondents could say that risk and strategy were considered together when raised in boardrooms.
Tim Copnell, chairman of KPMG Audit Committee Institute, said: “The complexity and global volatility that we’re seeing—swings in commodity prices and currencies, a decelerati
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