In the first quarter of 2007 Protiviti Hong Kong Co. Limited commissioned a study to better understand the risk profiles of senior executives with the 500 largest listed companies in Hong Kong. Specifically, the objectives of the study were to (1) identify the nature of the risks undertaken by these corporations, (2) understand the appetite for risk and concerns with regard to risk of senior executives, and (3) understand the current state of these corporations’ risk management capabilities, including changes in and ownership of those capabilities.
The study results were summarized in three categories: changes in risk profile, risk management capabilities and current state of risk.