It is interesting to note in this top risk review publication that the top risks identified vary based on the role of the individual inside an organisation. CEO see more macro-economic risks, CFO see more operational risks and CRO see more operational and macro-economic risks. To get a good picture of the key risks in a company, you must understand all aspects of the business. Each of the individuals discussed look at the business based in their own responsibilities, the CEO looking outside, the CFO looking inside and the CRO seeing a bit both. The role of the board in these circumstances is to break the silos and ensure that all perspectives are incorporated in the risk evaluation exercise, including the perspective of mid-level management. The board will make certain all inputs are distilled into a shared universe of key risks and actionable mitigation plans. It will also ensure that executing those plans remains a priority amongst all the other operational tasks to be performed by the different business units.

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