Leaders of organizations of virtually every size, industry and geographic location are reminded all too frequently that they operate in an increasingly risky world. Protiviti’s Jim DeLoach provides an update from the ERM Initiative of the various risks organizations face relative to two years ago.
Overall, 1,063 C-level executives and directors participated in this year’s global study, with 39 percent representing companies based in North America, 22 percent in Europe, 18 percent in Asia and Australia/New Zealand and the remaining 21 percent from Latin America, the Middle East, India and Africa.
Conducted online in the fall of 2019, the survey asked each respondent to rate 30 individual risk issues using a 10-point scale, where a score of 1 reflects “No Impact at All” and a score of 10 reflects “Extensive Impact” to their organization over the next year. For each of the 30 risk issues, we computed the average score reported by all respondents. Using mean scores across respondents, we rank-ordered risks from highest to lowest impact.
Below, we rank the common risk themes in order of priority, noting the previous year’s rankings parenthetically. This summary provides a context for understanding the most critical uncertainties companies face in 2020.[1]
The Top Risks This Year
1. Regulatory change…
