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Risk Culture: More Work Needed from Boards in Financial Services

Only 60% of chief risk officers (CROs) at global financial institutions say their boards have worked at embedding the organization’s risk culture across the enterprise, and about the same percentage say their boards have reviewed incentive compensation plans to consider alignment of risks with rewards, according to the ninth biennial “Global Financial Services Risk Management Survey” from Deloitte Touche Tohmatsu Limited (DTTL).

 

Before Disaster Strikes: Planning for the Worst Instead of Hoping for the Best

Before Disaster Strikes: Planning for the Worst Instead of Hoping for the Best

An emergency situation can present itself at any time. It could take the form of a natural disaster, a data breach or even the passing of an employee in a crucial position. If a company is not prepared, it can have devastating effects for companies and employees alike.

Cybersecurity Risk Now Tops Public Company Directors’ Worries, With Reputational Risk Close Behind

Accounting firm EisnerAmper (EA) has released its sixth annual survey of directors, Concerns About Risks Confronting Boards. The results indicate that, across the public, private, and nonprofit entities EisnerAmper surveyed, directors are most worried about reputational risk, cybersecurity risk, and regulatory compliance risk.