In the latest edition of “The State of Risk Oversight” report, Poole College professors Mark Beasley and Bruce Branson, leaders of the Enterprise Risk Management (ERM) Initiative, emphasize the need for executive leadership teams and boards to reignite their focus on robust risk management. They offer five actionable steps execs can take to enhance strategic value and navigate the increasing risks identified by 65% of surveyed business leaders.
“While there have been steady improvements in overall risk management practices over the 15 years we have conducted this study, business leaders still struggle to recognize and embrace the benefits that proactive and robust risk management can provide for creating strategic value for the organization,” wrote Beasley and Branson. “It is our hope that this report might stimulate executive leadership teams and boards of directors to seek opportunities to strengthen the strategic value of their organization’s risk management processes.”
Read more from The Journal of Accountancy.
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