Risks now tend to overlap, compound and trigger wider consequences rather than being experienced as a series of isolated challenges, the global survey of 700 senior decision-makers found.
Jan Spittka, partner at Clyde & Co, said: ‘We are living in a world where you can wake up in the morning and face a complete shift in the geopolitical situation.
‘Organisations need to reduce their dependency on providers and suppliers in any one region.’
The respondents said the scrutiny their businesses face is becoming more intense, with regulatory failures now more likely to cause reputational damage, investor pressure and loss of trust.
Clyde & Co partner Rebecca Kelly said: ‘Most serious regulatory breaches arise from failures to disclose. Companies face very short timeframes to disclose and act in the company’s best interests.’
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