The number of chief risk officers (CROs) appointed to oversee enterprise risk is increasing as companies seek to address a growing range of business threats and increased regulatory pressures, according to a survey from the Economist Intelligence Unit.
The survey found that 45% of companies have already appointed a CRO or equivalent, although the majority of them are concentrated in the financial services sector. However, the role is set to become more commonplace in other industries, with 24% of all firms planning to appoint a CRO in the next two years.
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