According to a survey by AON Australia, corporate governance is the leading risk concern for Aussie executives. This is up from issue #9 in the last survey, three years ago. Legal risk, #1 in the prior survey, is now #5.
Here’s some helpful corporate governance links.
From an AON representative:
â€œWe are also witnessing a recurring theme â€“ that of risk culture. Whether risk management responsibilities are centralised or decentralised, organisations have identified the need to reinforce risk frameworks and systems through the right risk culture and behaviors…”
The right risk culture. Something to ponder as we await closing arguments in the Enron case.