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Executives and Directors view economic conditions and technological and regulatory disruption as top risks in 2020

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Jan 09, 2020

On January 9, 2020, the National Association of Corporate Directors (NACD) released a blog on a global survey of C-level executives and directors on macroeconomic, strategic, and operational risks highlighting the influence of the economy, talent, digital disruption, and culture on the risk landscape.

The survey, conducted by Protiviti and North Carolina State University’s Enterprise Risk Management Initiative, captures insights from 1,063 C-level executives and directors across multiple industries. These results were used to rank risk themes in order of priority to provide a context for understanding the most critical uncertainties that companies face in 2020. The top 10 risks for 2020, according to this survey, are:

  1. Impact of regulatory change and scrutiny on operational resilience, products, and services
  2. Economic conditions impacting growth
  3. Succession challenges; ability to attract and retain talent
  4. Ability to compete with “born digital” and other competitors
  5. Resistance to change operations
  6. Cyber threats
  7. Privacy and identity management and information security
  8. Organization’s culture may not encourage timely identification and escalation of risks
  9. Sustaining customer loyalty and retention
  10. Adoption of digital technologies may require new skills that are in short supply

Review the full blog on the NACD's website.

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