Which of the following factors has the strongest infl uence over your organization’s interest in converging its risk and control functions (i.e., risk management responsibilities across all lines of defense)?


50% 51% 40% 37% 34% 30% 29% 27% 24% 23% 22% 12% 20%


60%


2%


10%


Desire to avoid ethical and reputational scandals Need to tackle overall business complexity Need to address expected regulatory intervention Desire to improve agility in decision-making Increasing focus on governance from internal and external stakeholders Motivation to reduce costs Increasing focus on corporate social responsibility None – we are not interested in convergence between risk and control functions


Motivation to improve corporate performance Desire to reduce exposure of organization to risk


0% Note: Percentages may not add up to 100% as respondents were instructed to select the top three


{ } BACK TO CONTENTS FOCUS 28


Michael A Wilson, Partner in the UK, Risk Consulting


70%


E: michael.a.wilson@kpmg.co.uk T: +44 (0) 20 73115176


Mike is Head of the UK’s Enterprise Risk Management/Governance Risk and Compliance (ERM/GRC) practice based in London. He has 23 years of experience and has recently been seconded from the US fi rm. Mike has global experience across various industries including retail, consumer markets, industrial markets, manufacturing, and professional services. His experience includes evaluating and designing risk management programs, conducting best practice/benchmarking reviews, conducting enterprise risk assessments, and helping companies implement ERM programs.


© 2014 KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and a member fi rm of the KPMG network of independent member fi rms affi liated with KPMG International Cooperative, a Swiss entity. All rights reserved.


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