Since the first edition of The State of Risk Oversight report in 2009, organizations have tripled their proactive responses to risk management, recognizing both the dangers and strategic opportunities across four key metrics.
However, these metrics have remained the same over the past five years. In response, the report's authors — experts in enterprise risk management (ERM) — suggest five action items to reinvigorate progress and guide organizations in the right direction.
The slowing momentum comes even as 65% of the 377 business leaders surveyed earlier this year reported increased risk over the past five years, with 77% noting at least one "operational surprise" since 2019.