Risk becoming a bigger concern for companies says survey

According to a Deloitte survey, 81 percent of executives say they have an explicit focus on managing risk

There may be certain sets of best practices to follow when dealing with risk and compliance issues, but for in-house counsel, how important is risk exactly? If a recent survey by Deloitte is any indication, risk and compliance should be near the top of the list.

According to a Deloitte survey released on Oct. 1, most C-suite executives would like to place a higher focus on risk and compliance moving forward. 81 percent of those surveyed said they have an explicit focus on managing risk. In addition, two-thirds of respondents said that compliance is a board-level concern and that the CEO, board or board risk committee has oversight when it comes to managing risk.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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