Today, it is my pleasure to share interim findings of the global telco survey on ERM practices with attendees at RAG’s conference in Bonn. For those that cannot attend the conference, I have attached a slide pack below. The slides highlight some of the key interim findings. They are that ERM practices within telcos are very much…
- Still at the early stages of maturity for the majority of telco companies
- Are not delivering full value to the organization
- Lack self-awareness, are inward looking, and are not exploiting techniques which are openly available
- Could do with some more integrity checking by Internal Audit
- Companies need to raise the culture of risk awareness in their organization
- Boards and Audit and Risk Committees need to provide better oversight and governance
- Companies need to be more transparent and open to their shareholders
The deadline for survey submissions has now been extend to 16th July, to allow further participation. If you would like to participate in RAG’s global survey, then please follow this link: http://riskandassurancegroup.org/survey-of-erm-capability-across-the-telecom-industry/