Few would argue the increasingly critical role risk management plays in keeping a company competitive, and in response many organizations have developed some sort of risk management program. However, many lack breadth, focus on compliance or are little better than fire-fighting tools to address immediate needs. That's not good, notes KPMG, in a new report. As new and unexpected risks continue to emerge, the advisory firm says developing a comprehensive, strategic response grows increasingly important - and so too does the development of a dedicated risk executive.
