A Culture of Complacency

This report by BDO explores how the priority and impact assigned to a risk should not be influenced by its novelty or familiarity.

Risk management needs to be part of a company’s culture, rather than being seen as a task – an awareness of risk and what to do about it should be in the DNA of every employee. It is up to the C-suite to take the lead in ensuring today’s hazards do not sit in a risk-function silo.

Key points include:

• 60 percent of those questioned believe their organisation fails to re-evaluate ownership for risks that have been on the register for more than three years, demonstrating that complacency is a danger.

• More than three quarters believe their risk register is at least partly based on media stories, rather than a clear-sighted and analytical assessment of the threats facing the company.

DOWNLOAD INSIGHT

Related Insights

Read, watch & listen to some of the latest thought leadership from our Community.

Inspiring Leaders Podcast: Le...

In this episode, we hear from Sean Latus, Group CEO at Calisen, as he reflects on his transition from CFO to CEO and the realities of leading a complex organisation in today’s business climate. Hosted by...

Europe's AI Reckoning: Reinve...

Europe’s productivity challenge is growing and the clear root cause is underinvestment in technology. In this report, Criticaleye Partner Accenture explores the potential of artificial intelligence (AI) to bo...

Fuelling Entrepreneurial Ambi...

The London Stock Exchange’s growth market AIM is celebrating 30 years as the UK’s pre-eminent platform to fuel the growth ambitions of entrepreneurs from around the world. Criticaleye’s Jacob Ambrose W...