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Executive Perspectives on Top Risks for 2014: (infographic) survey by Protiviti and North Carolina State University
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Executive Perspectives on Top Risks for 2014: (infographic) survey by Protiviti and North Carolina State University

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North Carolina State University’s ERM Initiative …

North Carolina State University’s ERM Initiative
and Protiviti recently partnered to conduct their
2nd annual survey of board members and C-level executives, seeking their views about the most pressing risks for their organizations in 2014.

Published in: Business

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  • 1. Executive Perspectives on Top Risks for 2014 North Carolina State University’s ERM Initiative and Protiviti recently partnered to conduct their 2nd annual survey of board members and C-level executives, seeking their views about the most pressing risks for their organizations in 2014. Key Findings: Board members view business environment to be riskier than executives do Regulatory change and heightened regulatory scrutiny again ranks as top risk issue Cyber threats and privacy/identity management risks are top of mind There is widespread concern that broader government and regulatory interventions may affect profitability and growth. These areas not only rank high in the overall response, but near the top for large organizations, financial services companies and CROs. While the overall survey response suggests risks are at a slightly lower level of severity compared to 2013, board members see it otherwise. Economic conditions are again a highly ranked risk Top 10 Risks 2014 2013 Regulatory changes and heightened regulatory scrutiny 6.4 6.8 Economic conditions 5.7 Uncertainty surrounding political leadership However, there is a notable yearover-year decrease in the risk score. Trend 2014 2013 Cyber threats 5.3 5.4 6.5 Organizational resistance to change 5.3 5.2 5.6 6.0 Privacy/identity management and information security 5.2 5.4 Succession, recruiting and retention challenges 5.5 5.5 Anticipated volatility in global financial markets 5.1 5.4 Organic growth 5.3 5.5 Healthcare reform compliance costs* 5.0 N/A * Not included in 2013 survey. The full survey report, Executive Perspectives on Top Risks for 2014, may be accessed at erm.ncsu.edu or protiviti.com/toprisks. It includes detailed breakdowns of the results by respondent role, organization size, industry and other categories. Trend N/A