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Change management tops list of 'risk hotspots'
Strategic change management has been identified by finance executives as the biggest "hotspot" for risk in 2010.
According to CFO.com, a survey by the Corporate Executive Board (CEB) found that the desire to seize opportunities during the economic recovery will drive change management programmes this year.
CEB research director Kate Guerra predicted that 2010 will see executives drop the "defensive posture" of the last two years and begin to look to the future, which is likely to create a new capacity for risk.
"This year, they are thinking about how to set the company up for success in the future," she commented.
The CEB's survey indicated that the demand for interim management expertise could grow this year, as it concluded that anticipated changes such as mergers, acquisitions and divestitures can "leave a lot of room for controls to fall through the cracks".
Other risk hotspots named by the study included human resources, third-party relationships and tax management.
Interim management was recently identified as a key policy area for 2010 by the Recruitment and Employment Confederation.
Categories: Financial Services