Directors' risk survey report 2016

The IoD, in partnership with Marsh, released their third Directors’ Risk Survey Report in February 2017.

The survey found that cyber-attacks, technological disruption, reputational risk, and the time spent on risk oversight remain a key focus for directors.

Thirty-two percent of directors say they do not have the framework in place to manage the risk of a cyber-attack, no change from IoD’s own Director Sentiment Survey conducted late last year which showed barely a third of directors had the capability to deal with their organisation’s digital future.

Sixty-two percent of respondents envisage the increasing influence of social media will have an impact on their business over the next year, ahead of talent attraction and retention (59%), and increased corporate governance requirements (55%).