Executives’ Lack of Proper Risk Governance Is Putting Their Businesses in Jeopardy
Despite overwhelming evidence of business disruptions that can occur from failing to manage various risks, company executives are not adequately identifying and preparing for risks that can have potentially catastrophic implications on business operations, according to DuPont Sustainable Solutions’ (DSS) annual global survey of company executives.
If left unchanged, a company’s operational performance, business continuity, right to operate, and ability to deliver consistent value to shareholders could all suffer.
The findings of DSS’ 2018 global Operations Risk Management (ORM) Survey of executives show that while there is general agreement and acknowledgement among participating executives of important characteristics of a successful risk management program, leaders are failing to implement those characteristics in their organizations.
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