Risk Governance Deficits

Faced with a challenging global risk landscape, effective risk governance, including the identification, assessment, management and communication of risks, is more important than ever.

The report, “Risk Governance Deficits”  prepared by the International Risk Governance Council (IRGC) with the assistance of Oliver Wyman, identifies 20 common deficits in organizational risk management. This analysis provides a structure for organizations to assess the effectiveness of their own risk governance structures and processes – particularly with regards to emerging risks.

Risk Governance Deficits: Analysis, illustration and recommendations is based on IRGC’s longer report on the topic of Risk Governance Deficits. This report can be accessed by visiting the IRGC website at

Risk Governance Deficits