Global business leader survey: Risk priorities and preparedness
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This Lloyd’s 360 Risk Insight research report explores corporate risk attitudes around the world. It was produced in collaboration with the Economist Intelligence Unit. ...
This Lloyd’s 360 Risk Insight research report explores corporate risk attitudes around the world. It was produced in collaboration with the Economist Intelligence Unit.
The research is based on a worldwide survey of more than 570 board-level executives, which was conducted in March 2009. Respondents were spread evenly across the major regions of the world, and represented a broad range of sectors and company sizes. To provide further insight and analysis on the findings, a series of in-depth interviews was conducted with corporate leaders and risk experts in the field.
The survey examined attitudes to risk across five key categories:
Economic, regulatory and market risk
Business and strategic risk
Political, crime and security risk
Environmental and health risk
Natural hazard risk
Respondents to the survey were asked to score a series of key risks within these categories in relation to two measures: first, the priority level for the risk in their organisation; and second, the degree of preparedness to manage it. The survey responses were then divided into regions and a single score for priority and preparedness was calculated using a weighted average of the responses. On this scale, a score of zero represents the minimum possible level of priority and preparedness, and a scale of ten represents the maximum possible level.
The report provides analysis of the survey findings, at a global level and within key regions of the world. It also includes a section on changing attitudes to risk and approaches to management at a global level, which was produced on the basis of a series of in-depth interviews with risk experts.
A significant number of people have been involved with the compilation of this report and we are very grateful to our survey respondents and interviewees for their time and insight.
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