The Growing Threat of Operational Risks
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When it comes to expressing unwavering confidence in the resilience of their companies to weather operational disruptions, senior finance executives find themselves on shaky ground.
In a recent survey conducted by CFO Research, in collaboration with commercial and industrial property insurer FM Global, 86% of senior finance executives say that over the next two years, their companies need to be better prepared for disruptions to their operations. The electronic survey, soliciting views about operational risk, drew 101 responses from CFOs (or their equivalents) at companies with more than $500 million in annual revenue. The businesses covered a cross-section of industries, ranging from financial services to automotive/industrial/manufacturing.