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Details

  • Service: Advisory, Internal Audit, Risk & Compliance Services
  • Industry: Financial Services, Industrial Markets, Consumer Markets, Information, Communication and Entertainment, Infrastructure, Government and Healthcare
  • Type: Business and industry issue
  • Date: 23/01/2013

Expectations of Risk Management Outpacing Capabilities – It’s Time For Action 

Developed world economies face more complex regulatory and compliance environments in the aftermath of the financial crisis, while capitalizing on opportunities in the emerging world requires companies to understand new markets and navigate attendant risks. Consequently, risk management remains at the top of the global corporate agenda.

Top Eight Risk Management Imperatives for the C-suite in 2013


A dynamic is evolving: A surge in complexity and uncertainty surrounding organizations as they search for innovative ways to expand into new markets, faceoff against increasing competition and pushing the envelope on technology.

 

Yet these challenges are building faster than most organizations’ abilities to manage with agility, knowledge and a resilient risk-aware culture. Thus, the gap is widening and we are at a turning point – warranting an even stronger capability to master and optimize risk. Stakeholder expectations on an organization’s risk management sophistication continue to grow, yet capabilities are not keeping pace.

 

This Executive Summary, based on a global survey, conducted in December 2012 by the EIU, sponsored by KPMG International, explores how effectively companies are integrating a holistic governance, risk and compliance (GRC) framework throughout their enterprise.

 

For a more in-depth view of the survey findings, the full report will be made available in February 2013, providing a more detailed look at the principal findings.

 

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