The level of uncertainty in today’s global marketplace and the velocity of change continue to produce an array of potential risks that can disrupt an organization’s business model and strategic plan on very short notice. The results of the latest Top Risks Survey from NC State University’s ERM Initiative and Protiviti indicate the business landscape, to no surprise, looks much riskier for 2023 compared with this time last year. In fact, this year’s survey reveals that executives and directors perceive the current business environment as the riskiest in the 11 years we have conducted this study.

In this episode, we interview Dr. Mark Beasley of NC State University’s ERM Initiative and Jim DeLoach, a Managing Director with Protiviti, about the key findings from this year’s study and their insights as to how board members and executives worldwide view the current and long-term business landscape.

Mark is the Professor of Enterprise Risk Management and Director of the ERM Initiative in the Poole College of Management at NC State University. The ERM Initiative provides thought leadership about ERM practices and their integration with strategy and corporate governance. As founding director, Mark leads the ERM Initiative’s efforts to help pioneer the developments of this emergent discipline.

Jim is a member of the Protiviti Solutions Leadership team. His market focus is on helping organizations succeed in responding to government mandates, shareholder demands and a changing business environment in a cost-effective and sustainable manner that reduces risk to an acceptable level. He assists companies with strategy setting, business planning and performance management.

For more information on this year’s Top Risks Survey, visit http://erm.ncsu.edu and www.protiviti.com/us-en/survey/executive-perspectives-top-risks-2023-and-2032.

Contact Mark at mark_beasley@ncsu.edu.

Contact Jim at jim.deloach@protiviti.com.