The vast majority (85%) of corporate executives say they need to overhaul their approach to risk management if the lessons of the economic crisis are to be used to improve business results, according to results of a study released this week by Bermuda-based Accenture.
Accenture’s 2009 Global Risk Management Study, based on a survey of 260 chief financial officers, chief risk officers and other executives with risk management responsibilities at large companies in 21 countries, also found that 40% of respondents said that their companies already have increased or will increase their investments in broader risk-management capabilities in the next six months. Nearly another third (31%) of respondents said their companies are currently considering increasing their future investment in risk management capabilities.
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