The risk landscape has become significantly more complex over
the last three years and the greatest risk facing businesses now
are political and technological, according to the 'Looking
Glass report' from global law firm Clyde & Co and Winmark
the professional network organisation.
A survey of 89 general counsel (GCs) and 21 of their board
member colleagues found that they view the risk landscape as having
become significantly more complex in the last three years (78% of
GCs and 73% of board members agree), while political risk is
considered to be the top threat facing businesses, with
technological risk a close second.
Simon Konsta, senior partner at Clyde & Co, comments:
"Businesses today are having to adapt to a 21st century risk
environment, in which traditional risks such as political and
property risks are being compounded by new and fast developing
risks such as cyber, climate change and reputation."
