Business / Future / Research

What CFOs worry about

You know how generals tend to prepare to fight the last war. It appears that chief financial officers (CFO) worry about a repeat of the most recent disasters but have trouble identifying future risks. The risks that CFOs say will be their greatest concerns over the next five years — financial meltdowns and supply-chain disruptions — are the disasters that have happened in the last few years, according to an article and survey by CFO magazine.

Top risks identified by 168 senior finance executives

  1. Financial exposure (51%)
  2. Supply-chain/logistics disruption (37%)
  3. Legal liability/reputational harm (35%)
  4. Technology failure (33%)
  5. Security breach (23%)

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Multiple responses allowed.
Source: CFO Research Services and Liberty Mutual Insurance Co., June 2010

“The research suggests that many companies would benefit from a more forward-looking approach to managing risk,” the article says, but one-quarter of respondents acknowledged that identifying risk exposures is “very challenging.”

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2 thoughts on “What CFOs worry about

  1. So what resources are available to CFOs to help their organizations develop a more forward-looking approach to managing risk? Without some type of road map, many will continue to remain behind the curve.

  2. Pingback: Four emerging risks for corporations « Dispatches

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