Sue Trezise – Sue-lutions Ltd
The Governance Institute of Australia’s (GIA) Risk Management Survey 2020 was conducted online over March 2020 with feedback from 393 respondents.
It provides some insight into the place and status of risk management in Australian organisations, a summary of which is provided below for the reference of fellow risk practitioners. It should be noted that COVID-19 was not a feature as such.
Survey respondents represented a broad range of industry sectors across Not-for-Profits and Government organisations (mainly) as well as businesses. Just under half have a role spanning governance and risk with 45% classified as senior leaders or leaders in risk management teams. 40% have formal risk management qualifications.
In terms of risk structure, Audit & Risk Committees are the most common risk function with the majority meeting on a monthly basis.
You can view the full article here.
This is taken from an article published in the RiskPost June 2020, edition 1.