As the financial crisis abates, companies are likely to return to the limited “compliance-based” approach to risk management that got so many of them into trouble, according to a new study by accountants Grant Thornton.
The firm surveyed senior executives at 465 U.K. and Irish companies and found “disappointing” attitudes to risk management. Risk processes had a “genuine influence” on decision making at just half the companies in the study. And they added value at just a third.
