The EIU’s study finds that although risk management is currently enjoying an unprecedented level of authority and visibility, appetite for investment in risk is limited, and corporate risk teams are still battling for influence and resources.
Key findings include:
- Strategic risk management remains an immature activity in many companies.
- Only a minority of companies involve risk functions in key business decisions.
- Risk managers want to spend more time on the constructive aspects of the role.
- There is limited appetite for investment in the risk function.
- Risk functions have increased in authority, but there is a danger that this will not be a permanent change.
- There are doubts about the risk expertise among non-executive directors.