“Risk is sexy?” - Anonymous GC -
Not every Director or General Counsel (GC) is likely to describe risk analysis as “sexy” but there is little doubt that risk issues have demanded a board level focus which would have been unimaginable 10 years ago. The recent Brexit vote can only drive risk issues for boards even higher up their agenda.
That trend was also identified in PwC’s 2015 Annual Corporate Directors’ Survey which found that boards and management are looking at the strategic side of risk, and that any board evaluation of strategy involves integrated board level discussions of risk. As the report states, and in a direct echo of our newsletter in December 2014 quoting Albert Einstein, “with risk comes opportunity.”
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