The Evolving Risk Landscape

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Board Perspectives: Risk Oversight, Issue 34 - Global Risks: A Board Perspective on the Five Risk Categories

The business environment continues to change and with it the risk landscape that companies face. In early 2011, the World Economic Forum (WEF) published its update on Global Risks. The report’s objective is to improve public and private sector efforts to map, monitor and manage global risks, all of which cross national boundaries.

WEF organizes some 50 risks in five categories: economic, environmental, geopolitical, societal and technological. Presented as five separate landscapes mapping risks based on severity of impact and likelihood of occurrence over the next 10 years, the report examined in this issue provides a useful longer-term view.

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