Where is the oversight? Risk supervision is lagging behind rising threats, especially in the U.S.

Author:McCollum, T.
Position::Practices: Update - Brief article
 
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Risk oversight processes are still lacking, according to the Global State of Enterprise Risk Oversight report from North Carolina State University's Enterprise Risk Management (ERM) Initiative and the Chartered Global Management Accountant designation. And U.S. organizations are lagging behind their global counterparts, notes the report, which is based on surveys of 1,300 executives worldwide.

About one-third of non-U.S. respondents say their organization has complete ERM in place, compared to 24 percent of U.S. respondents. Globally, only 25 percent say risk management oversight in their organization is mature or robust, with respondents in Europe (33 percent)...

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