The C-Suite is watching these risks for 2019

01/31/2019
Jackie T. Hughes

I came across an interesting report jointly drafted by the North Carolina State University Poole College of Management's Enterprise Risk Management Initiative and Protiviti. For the report, over 800 C-Suite executives from global organizations across a variety of fields were asked to identify risks they were watching in  2019.   The results of the top 10 are as follows:

  1. Existing operations meeting performance expectations, competing against “born digital” firms
  2. Succession challenges and ability to attract and retain top talent
  3. Regulatory changes and regulatory scrutiny
  4. Cyber threats
  5. Resistance to change operations
  6. Rapid speed of disruptive innovations and new technologies
  7. Privacy/identity management and information security
  8. Inability to utilize analytics and big data
  9. Organization’s culture may not sufficiently encourage timely identification and escalation of risk issues
  10. Sustaining customer loyalty and retention.

The biggest jump on the list was "digital readiness" up from number 10 in 2018 to number 1 in 2019.  How does this compare with your organization?

For those interested, the entire report can be found here: https://erm.ncsu.edu/library/research-report/top-risks-report-2019-executive-perspectives

 

 

 

Attorney Profile

Jacky Terry HughesJackie has focused much of her career on counseling and defending manufacturing entities in both ...
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Practice Areas

Contracted Corporate Counsel
Risk Management and Compliance
Litigation Defense