Once ignored in favor of moves perceived to spur growth, risk managers are being counted on more now to assist companies following the financial crisis.
However, the authority risk managers are currently enjoying may be sidestepped once again when the economy strengthens and profits are plenty.
According to the findings of the latest Economist Intelligence Unit (EIU) report into risk management in business, sponsored by the ACE Group, senior executives have recognized the importance of strategic risk management and have given chief risk officers more power, but only 35 percent of them said their company effectively anticipates and measures risks.
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