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How EY can help
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Discover how EY's risk transformation team can help Boards and CxOs build agile and risk-aware organizations that make better decisions.
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The risk landscape has become more complex
New threats and risks are materializing rapidly, many of which are interconnected. The early months of 2022 have already highlighted the extent to which businesses are exposed to geopolitics, new COVID-19 variants and supply chain issues. Then there are the longer-term risks associated with the shift to stakeholder capitalism, securing and retaining talent, climate change and cybersecurity. In addition, new regulation, including in relation to ESG, will require boards to bolster their support for their business’ approach to risk.
To remain resilient, boards need to first understand the full spectrum of threats that could undermine value and imperil transformation. Importantly, this includes both current and emerging risks. Boards must have sufficient perspective of C-suite priorities and might look for this collective view from the CRO.