LOS ANGELES—Executives see risk management as a significant and desired role in an organization, but a study shows the role hasn't yet tapped into its full potential to grow enterprises and strengthen their bottom lines.
The 10th annual Excellence in Risk Management survey, a joint effort by Marsh and the Risk and Insurance Management Society (RIMS), surveyed more than 1,200 risk managers, C-suite members, and others involved in risk functions in 2013.
While about half of all respondents say that risk management is included in executive activities in order to identify risks within corporate strategic plans, only 20 percent of executives and 15 percent of risk managers say this opportunity is actually extended or taken.
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