Find Out What Makes a Company a 'Risk Leader'
How does your company approach risk management? If yours is one that takes a big-picture view, it could see increased profit margins down the line, according to a recent survey of 1,200 organizations across 37 countries.
73% of executives feel that risks to their companies are on the rise, according to PriceWaterhouseCooper’s recent survey, “Risk in Review: Decoding Uncertainty, Delivering Value.” But only 12% of the companies that responded demonstrated qualities that marked them as “risk management leaders” — those that take a holistic view of risk and involve risk management in the business at a strategic level.
Among those companies, 55% recorded increased profit margins, and 41% achieved an annual profit margin of more than 10%. So what sets risk management leaders apart from the rest? Some highlights:
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