Taking aim at value: Avoid overconfidence and look again at risk
Global survey of C-suites and boards explores risk as a value creator and shines spotlight on overconfidence
A new survey conducted by Forbes Insights on behalf of Deloitte finds an abundance of confidence among senior stakeholders regarding their organizations’ risk-related capabilities and actions. But a deeper look reveals significant need—and opportunity—to evolve risk strategies and responses.
Taking aim at value: Avoid overconfidence and look again at risk is a Deloitte global survey report that examines C-suite and board perceptions of risk, their risk priorities, and how leading companies are evolving their approaches to risk.
The report discusses:
- Building closer alignment between value creation and risk
- Establishing and optimizing the role of the Chief Risk Officer (CRO)
- Addressing strategic risks and opportunities (including disruption)
- Forging a response—key steps both to create value and to protect it
While the majority of organizations give solid marks to their risk management programs, it’s clear many fall short across a range of key objectives. To ensure future success, companies must actively harness risk to drive returns, and have a full-time CRO who can be a strategist. Explore the key findings below.
About the survey
To better understand organizational capabilities in balancing risk and reward, Forbes Insights, on behalf of Deloitte Touche Tohmatsu Limited, conducted a survey of more than 300 senior stakeholders (excluding CROs) from global companies representing every major industry and geographic region. The survey, conducted in the fourth quarter of 2016, sampled a range of companies from US$1 billion in revenue and up, 23 percent of which had revenues in excess of US$20 billion.
Six regulatory trends to watch for