The Board Agenda Leadership in Risk Management Survey has been launched today in partnership with Mazars, the international auditing and accounting firm. The research and subsequent report is also produced in association with the INSEAD Corporate Governance Centre.
The risk survey will provide a significant insight into risk thinking and preparedness among European companies and the role of the board in placing risk at the centre of corporate decision making.
The risk landscape has changed dramatically in recent years with the advent of climate as an existential threat, the evolution of new technologies, growing political uncertainty and the prevalence of cybercrime.
The survey aims at revealing the action board members are taking to provide effective oversight in an age of unprecedented risk, and whether boards also see the opportunities in the risks before them.
The risk survey and report will examine the level of skills present in the boardroom to manage appropriate risks, the governance structures built around risk management and the planning that goes into confronting significant risks and opportunities.
The report will also look at the nature of risk appetite, how it is defined, and how “risk culture” inside organisations is monitored and reviewed. We also ask how risk is reflected in the structure of executive incentives.
In addition the survey seeks to explore readiness for specific risks such as geopolitical change and uncertainty, cybersecurity, reputation and climate change.
Risk and its management is a major issue for boards and investors. This survey will help illuminate the priority given to risk in the boardroom.
Take part in the survey and provide your insight on this critically important issue.