The Global Risk Landscape Rewards a Commitment to Agility Download The economy, talent and cyber threats represent the most pressing risk issues organisations face over both the near- and long-term, with artificial intelligence (AI) concerns lurking as well. Yet board members and executives view their organisations as more resilient and better prepared to manage through change. These are among the notable findings in the latest Executive Perspectives on Top Risks Survey from Protiviti and NC State University’s ERM Initiative. In this issue of Board Perspectives, we take a closer look at some of these findings.This global study measures the most pressing near-term risks looking out over the next two to three years, as well as the 10-year outlook. The chart below illustrates the top 10 near-term risks. Download Respondents also provided their views on the long-term risk outlook, selecting the top two risks from each category in the survey (macroeconomic, strategic and operational) that they see as having the greatest impact on their organisations over the next decade. Image Among the highlights from our global survey:While board members and executives believe their organisations are better prepared for managing change, they remain wary of what’s around the corner, underscoring the need for technology-enabled horizon scanning and effective scenario planning.The economy remains the top near-term risk globally, reflecting collective fatigue around economic uncertainty that has been weighing on leaders since COVID.Cyber threats require constant adaptation to an evolving threat landscape.The regulatory environment — changes, heightened scrutiny and aggressive enforcement — remains a prominent concern.AI- and talent-related risks are intertwined, revealing concerns about the availability of labor and skills to leverage emerging technologies. Of note, three AI issues landed in the top 10 list of global near-term risks.(Board Perspectives — Issue 185)Listen to our Board's Perspectives podcasts, which provide practical insights and guidance for new and experienced board members alike. We want to hear from you!What topics would you like to read about in the coming months?Let us know Click here to access all series Learn More Leadership Mark Burgess Mark is a managing director and Protiviti’s risk and compliance solution lead. With over 17 years of risk and regulatory compliance experience in the financial services industry, he has a proven track record delivering deep insights for his clients.Mark has spent a ... Learn More Matthew Pirera Matt is a managing director in Protiviti Australia’s risk and compliance team and is responsible for leading the delivery of best practice solutions across Protiviti’s key clients. Matt is the national financial services industry lead, also leading the Protiviti ... Learn More Lauren Brown Lauren is the country lead for Australia. With over 14 years' experience in governance, risk, and internal control, she specialises across multiple industries including health, higher education, government, consumer products, and energy. She is an active member and ... Learn More Hirun Tantirigama Hirun is a managing director with 15 years’ experience in providing risk and regulatory advisory services across a variety of clients and industries. He has led complex, transformational programs across areas such as operational risk, regulatory remediation, operational ... Learn More Topics Board Matters Risk Management and Regulatory Compliance Business Performance Digital Transformation
