Directors’ risk survey report 2018

People risks, such as the loss of a key person and talent attraction and retention, are top of mind for directors in the fourth Directors’ Risk Survey Report by Marsh and the Institute of Directors.

Directors were overwhelmingly concerned about their ability to replace a key person, with 83% of respondents rating this as the biggest internal risk to their organisation.

Concerns over talent attraction and retention also ranked highly, with respondents ranking this as the fifth largest internal risk and the second largest emerging risk.

Despite this concern, nearly a third (32%) of directors said they did not have plans in place to manage their talent attraction and retention risks.

People risks were not the only key issues given prominence in the survey, with cyber the number one external and emerging risk. Other issues highlighted were brand and reputational risk, IT disruption and the loss of data.