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Geographic and industry highlights

Our anonymous director survey reached respondents in North America, Europe, Middle East, Asia, and Latin America. We surveyed a wide range of industry groups as well, with statistically significant samples from the financial services and telecommunications sectors.

North America

Risk Percentage of respondents who cited risk
Cyber risk 47%
Regulatory risk 42%
Supply chain risk 40%
Operational risk 36%
Digital transformation risk 34%

38% have adopted new risk management practices to manage risks from competition from new rivals outside their industry (vs. 29% total)

44% say AI and robotics will create more compliance headaches for their company (vs. 51% total)

67% recommend compliance with “highest–common–denominator” regulations (vs. 73% total)


Europe

Risk Percentage of respondents who cited risk
Operational risk 43%
Cyber risk 39%
Supply chain risk 37%
Regulatory risk 35%
Financial risk 33%

14% have hired one or more board directors younger than 40 (vs. 22% total)

94% say they have gender–diverse boards (vs. 88% total)


Middle East

Risk Percentage of respondents who cited risk
Cyber risk 50%
Regulatory risk 43%
Digital transformation 43%
Operational risk 40%
Supply chain/Geopolitical 33%

63% have hired one or more directors with technology expertise (vs. 79% total)

40% say they have a board member responsible for risk (vs. 21% total)

33% say their board's risk committee has a mandate to oversee machines as well as people (vs. 43% total)


Asia

Risk Percentage of respondents who cited risk
Financial risk 53%
Legislative risk 38%
Supply chain risk 42%
Cyber risk 38%
Macroeconomic risk 33%

40% have hired one or more board directors younger than 40 (vs. 22% total)

44% of boards have discussed the challenges and opportunities of using robotics and AI (vs. 63% total)

29% bring in outside, independent experts to brief them on corporate governance best practices (vs. 52% total)


Latin America (indicative results)*

Risk Percentage of respondents who cited risk
Operational risk 53%
Supply chain risk 47%
Bribery/corruption risk 47%
Legislative risk 40%
Financial risk 33%

87% say their boards recommend compliance with “highest–common–denominator” regulations (vs. 73% total)

40% have formed a dedicated committee that oversees digital strategy (vs. 63% total)

53% have hired one or more directors with technology expertise (vs. 79% total)

* Indicative due to relatively low sample size


Top—cited risk by region

Top—cited risk by region


Financial services

Risk Percentage of respondents who cited risk
Operational risk 37%
Cyber risk 80%
Regulatory risk 43%
Macroeconomic risk 47%
Financial risk 57%

73% of boards regularly discuss “unknown unknowns” (vs. 61% total)

13% have hired one or more directors younger than 40 (vs. 22% total)

27% say their board's risk committee has a mandate to oversee machines as well as people (vs. 43% total)


Telecommunications

Risk Percentage of respondents who cited risk
Legislative risk 40%
Cyber risk 97%
Digital transformation risk 37%
Macroeconomic risk 50%
Financial risk 40%

80% have adopted new risk management practices to deal with cyber risk (vs. 65% total)

97% have formed a dedicated board committee that oversees digital strategy (vs. 63% total)

93% have discussed the challenges and opportunities of using robotics and AI (vs. 63% total)