Analyzing the CRO’s key priorities
In 2022, the CRO’s priorities are moving toward innovative technologies that have seen significant shifts and changes. It is, therefore, essential to ensure that all your executives understand the business strategy and vision set by the CEO, toward which the board guides the company.
A key priority for the CRO is the need to recognize the importance of people in shaping a robust risk culture to complement all necessary mitigation activities, in alignment with an organization’s risk appetite. An organization’s risk culture drives and motivates the right behavioral outcomes from critical stakeholders. The right risk culture will also influence the right behaviors during decision-making and the ability to design and deploy effective controls. However, the aftermath of COVID-19 has also surfaced talent-related risks; large numbers of workers are choosing to leave their positions or take a step back from being “always...