Safeguarding your futureMassive government interventions in the financial sector may have prevented even more calamity, but great uncertainty still lies ahead.
So it’s imperative that you form a strategic view of all the risks you now face. This means defining what your key risks are, weighting their probability and impact on business drivers – and developing your thinking on actions to take.
Ernst & Young can support you in this. We can undertake risk assessments that go beyond financial and regulatory risk to consider the wider environment in which you operate.
We can conduct scenario planning for your key risks to make sure your risk management processes are linked to the actual risks that your business faces.
And we can help you put in place effective monitoring and control processes that give you earlier warnings, and enable you to respond quickly and effectively.
This rigorous and disciplined approach to risk management helps you safeguard the future of your business. | The top 10 risks for business In today's post-downturn economy, a variety of business risks have emerged -- and some have become more prominent. From the threat of increased regulation to emerging markets to social responsibility and more, our survey of leading industry executives shows which risks you should be prioritizing this year. The future of risk Our survey of more than 500 global companies provides a snapshot of the current risk environment (pdf, 360.13kb) at a time when mixed reports are filtering through about the medium- and long-term economic outlook. It examines companies' attitudes towards risk management and how recent global events have affected management approaches to risk. Limited risk structures and the tax audit Cross-border transactions are now a major focus for European tax authorities, especially when a multinational enterprise integrates and rationalizes its European operations. Tax directors responsible for these structures. Read more in this executive summary of Ernst & Young's survey (pdf, 586kb). Proceed with caution: limited risk structures and the tax audit Cross-border transactions are now a major focus for European tax authorities. They have observed the wave of business restructuring over the last decade and its impact on the tax base when a multinational enterprise integrates and rationalizes its European operations. How they deal with these issues is therefore of interest to tax directors responsible for these structures. Read more in this executive summary of Ernst & Young's survey (pdf, 586kb). Manage risk in the current climate This issue of BoardMatters Quarterly, "Managing risk in the current climate" (pdf, 610kb), is dedicated to helping audit committees identify, prepare for and protect against the key risks their companies may face during these strenuous times. |
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