Aon UK Survey Finds 'Risk Ignorance' to be Greatest 2009 Challenge - 0 views
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Karl Wabst on 21 Apr 0970 percent of UK risk managers have declared that making sure the employees in their organization are risk savvy is their biggest challenge in light of new pitfalls according to research conducted by Aon. "The risks companies are facing, such as increased company insolvencies, less access to credit and increased levels of fraud, need to be dealt with by employees throughout the organization rather than just at senior management levels," said the bulletin. According to the survey of UK businesses the key risk management challenges they face in 2009 are: -- Embedding ERM in the culture of the organization 70 percent -- Keeping 'risk registers' real and relevant 47 percent -- Making the link between ERM and strategic planning processes 34 percent -- Gaining senior executive sponsorship 19 percent -- Making business continuity plans relevant to line managers 13 percent -- Credit rating agency scrutiny of ERM 6 percent Alex Hindson, head of enterprise risk management at Aon Global Risk Consulting commented: "When the markets are literally crashing down around us and we don't know what is just around the corner it is extremely tempting to focus just on the problems of today, rather than look at the issues and factors that are going to help us survive tomorrow, but this short term view can often be counter-productive.