Only 41% of board satisfied that risk and strategy are effectively linked: Survey

Key concerns of company boards across the world include linking strategy and risk, better risk-related decision making, access to expertise, cybersecurity threats, and better coordination and communication between the board and its standing committee, says a KPMG International survey.

The survey, titled ‘Calibrating Strategy and Risk: A Board’s Eye View’, covered more than 1,000 directors and senior executives around the world, from countries like Argentina, Belgium, France, Germany, Ireland, Poland, Switzerland and India, to find that boards worldwide are deepening their involvement in strategy and redefining their understanding and oversight of the critical risks facing their companies.



“There can be no strategy without risk, so boards must link the two in order to respond effectively to the current business environment,” said Mritunjay Kapur, head of risk consulting at KPMG in India.

“The complexity and global volatility that we’re seeing are affected by commodity prices and currencies, cybersecurity, uncertainty in geopolitical hotspots, technology innovation and disruptive business models which seem to be causing boards to sharpen their focus on strategy and risk,” he said. ET brings you the key India findings from the survey, shared exclusively with ET ahead of its release next week…