A formal risk appetite statement is missing at a majority of companies, although that could be changing.
As organizations navigate both the risks and opportunities in a shifting risk landscape, management at all levels of an organization will face the daily question: should we take this risk? Yet, many organizations have not defined their risk appetite to provide clear guidelines to decision making.
This finding from the 2018 Association for Financial Professionals (AFP) Risk Survey highlights the challenges facing finance and treasury professionals as they help their organizations navigate the deep disruption occurring across all economic sectors. The 2018 AFP Risk Survey, presented in partnership with Marsh & McLennan Companies’ Global Risk Center, captures the views of senior finance and treasury professionals on the greatest threats to their function and organizations over the next 18-36 months.
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