Oxford Economics worked closely with PricewaterhouseCoopers LLP for the fourth consecutive year to produce its annual report on the latest thinking about risk management issues among C-level executives worldwide.
The report was based on a survey of 1,229 risk officers, corporate board members, CEOs, CFOs, chief auditors, and others from the C-suite in 34 countries, as well as one-on-one interviews with a select group of executives.
The findings were dramatic. While 73% of survey respondents agree that risk to their organizations are increasing—with regulatory complexity, data security/privacy, and cost pressures leading the risk list—companies are not, by and large, responding to this environment with improved risk management programs. This despite the fact that risk management leadership demonstrably leads to stronger performance and profit growth.
Only 12% of those surveyed have put in place the processes and structures to make them true risk leaders. But the payoff for those efforts has been enormous. More than half of risk leaders recorded increased profit margins over the past three years (55%, compared with 43% of non-leaders). In addition, 41% of leaders were likely to have achieved an annual profit margin of more than 10% over the past three years, compared with 31% of non-leaders.
The report concludes with five recommendations based on best practices to improve risk management programs.
Read the full report.
With offices in 157 countries and more than 195,000 people, PwC is among the leading professional services networks in the world, helping organisations and individuals create the value they’re looking for, by delivering quality in assurance, tax, and advisory services. To find out more, please go to www.pwc.com.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
+1 (646) 503 3052
+65 6850 0110
+44 (0)203 910 8054
From opportunity to impact – Assessing the economic, societal, and cultural benefits of YouTube in Sweden
This study assesses YouTube's contribution to GDP and employment in Sweden, and its broader impact on society and culture.Find Out More
Från möjlighet till påverkan – Utvärdering av de ekonomiska, sociala och kulturella fördelarna med YouTube i Sverige
Denna studie utvärderar YouTubes påverkan på Sveriges BNP och sysselsättningsgrad samt samhället och kulturen.Find Out More
The economic importance of motorcycles to Europe – technical report
Motorcycle-related activity supports €21.4 billion of output (GDP) across Europe a year, sustains 389,000 jobs, and generates €16.6 billion of tax revenues, according to research by Oxford Economics.Find Out More