Protiviti partnered with North Carolina’s State University’s ERM Initiative to conduct our fourth-annual Executive Perspectives on Top Risks Survey and obtained the views of more than 500 board members and C-suite executives about risks that are likely to affect their organization in 2016. Overall, survey responses suggest a global business environment in 2016 that is slightly more risky for organizations in 2015, but not as risky as 2014.
Because of the rapid pace of change in the global business environment, executives and boards of directors can benefit from a periodic assessment of risks on the horizon to best position their organizations for a proactive versus reactive response to risks that may emerge and potentially impact their ability to execute their strategies to achieve profitability and funding objectives. We therefore conclude our report with suggested questions that executives and boards should consider as they evaluate their risk assessment process.
We hope this report provides important insights about perceived risks on the horizon for 2016 and beyond, and serves as a catalyst for an updated assessment of risks and risk management capabilities within organizations.