The latest enterprise risk management news from around the world

Report highlights the expanding role of audit committees

The ‘Audit Committee Practices Report’, a collaborative report developed by Deloitte’s Center for Board Effectiveness and the Center for Audit Quality, shows how audit committees are increasingly taking responsibility for enterprise risk management and for cyber security.

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Boards taking steps to improve oversight of cyber risk but gaps remain

RANE (Risk Assistance Network + Exchange) and the Nasdaq Center for Board Excellence have released results of a survey of US publicly listed companies and nonprofits that show that boards and executive team members give themselves high marks for cyber security awareness but that additional training on cyber risks would be beneficial.

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Climate risk emerges as the top concern for risk managers

Climate risk, cyber concerns, and financial volatility are the top emerging risks according to an annual survey of risk managers. Providing insights on emerging risks over time, the 15th Annual Emerging Risk Survey is sponsored by the Joint Risk Management Section (JRMS) of the Canadian Institute of Actuaries (CIA), the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA).

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World Economic Forum publishes annual Global Risks Report

Climate risks dominate global concerns as the world enters the third year of the pandemic. According to the World Economic Forum’s Global Risks Report 2022, while the top long-term risks relate to climate, the top shorter-term global concerns include societal divides, livelihood crises, and mental health deterioration.

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