Ascending the Maturity Curve: Effective Management of Enterprise Risk and Compliance

Few companies have the ‘big picture’ view needed for effective risk and compliance management. They understand the importance of an integrated approach to these activities but many have short-sighted practices that end up becoming a costly and complex burden, reveals the EIU.

 

Awareness of risk and compliance issues remains low in some business functions. Respondents from finance are the least likely among several functions to admit to risk and compliance failures – only 28% did so in a survey conducted for the study. This is a worrying state of affairs considering the economic turmoil of the past 30 months, which has seen businesses across the spectrum under pressure to tighten their fiscal oversight mechanisms.

 

Other key findings include:

  • Companies may be underestimating the extent of risk and compliance failures in their organisation.
  • A lack of internal communication prevents lessons from bring learnt.
  • Caution: disagree on risk, and financial performance suffers.

Download Now

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern