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Ernst & Young has published a new report which looks at the different views of risk held by various types of corporate stakeholder. ‘Managing risk: stakeholder perspectives’, compares the findings of a series of global research surveys among three key stakeholder groups: investors, senior executives and independent board members. The report looks at the implications for the people responsible for leading and managing risk in companies and their responsibilities towards both internal and external stakeholders.
Key findings include:
* Risk mitigation and compliance are the top risk management priorities across the stakeholder groups. A significant number also view risk management as an important source of competitive advantage.
* Stakeholders are consistent in their view that clear ownership of risk and effective communications are key factors for successful risk management. While board members are largely satisfied with the information they receive, investors want more focused information than they currently receive.
* Just over a third of companies surveyed reported that they are successfully managing risk. The report identifies practices most associated with successful risk management.
Read the report.
•Date: 27th Nov 2006• Region: World •Type: Article •Topic: Operational risk
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