Cambridge Centre for Risk Studies
Overview: Corporations are a vital component of an economy. Their health and wealth can be potent indicators of the broader state of the relevant economy and society as a whole. Crises in the private sector can provide early warning indications, and occasionally are drivers, of wider and potentially systemic failures. Within an organisation, good practices in risk management serve to avoid or respond effectively to crises, whereas poor practices may signal weaknesses. In this report, we seek to better understand the risk management perspectives and practices of global corporations.
The research presented in this report is part of the Cambridge Centre for Risk Studies’ research track on corporate risk profiling in partnership with the Institute Risk Management (IRM), it is informed by views from risk management specialists representing both private and public sectors. The summary and narrative regarding the top risks facing corporations are the result of elicitation through a combination of individual interviews; surveys and real-time polls of audiences at workshops and focus groups; and the in-depth online 2018 Enterprise Risk Management survey. This expanse of inputs paints a broad view of the perceptions of risk at companies and their respective approaches to risk management and mitigation. The general objectives of our overall research programmes are to better understand current views, practices and mitigations of risks at corporations and how they are adapting to meet future challenges and opportunities.
