CFO's are "most interested in a strategic approach to risk management," yet they are least confident in their preparedness for the upcoming S&P questions.
"Only 1 in 4 feel ready to pass the ratings agency risk challenge."
--According to a 2007 Marsh and RIMS study of risk managers and c-suite executives.
Two CFO agenda items related to enterprise risk are “key differentiators for outperformers in revenue and stock price growth.”
--According to The Global CFO Study 2008 by IBM Global Business Services.
PWC believes the adoption of ERM can bring “cost savings of 10% to 20% while improving the overall effectiveness and quality of the governance, risk and compliance functions."
--According to Neal Oswald of PWC Canada in a 2007 study by PriceWaterhouseCoopers of senior executives in financial institutions.