INADEQUATE RISK MANAGEMENT IMPLEMENTATION.

• Author: O'Rourke, Morgan
• Position: FINDINGS - Brief article

A survey by DuPont Sustainable Solutions found that business leaders are failing to effectively implement risk management programs in three key areas. First, executives are not placing enough emphasis on the risks that could have potentially catastrophic impacts on their companies. While 78% of respondents agree that low incident rates do not mean reduced risk, two-thirds still said they feel safe when incident rates are low or approaching zero. This narrow focus on incident rates means they may not be taking into account broader organizational threats. Second, many leaders address gaps in risk management processes by...