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KPMG reveals top CEO concerns

Jun 19
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KPMG reveals top CEO concerns

Operational and reputational risk have been identified as the biggest current concerns for chief executive officers of UK businesses.
KPMG conducted a survey of 151 CEOs to find out more about their investment plans and the biggest issues affecting their organisations.
The resulting report noted that the current focus on operational and reputational risk is a recent phenomenon, with neither topic appearing on last year's list of the top ten commercial challenges.
KPMG said this is reflective of the increased scrutiny companies are under from the government and the public.
Geopolitical risk is another big consideration for many CEOs at the moment, with seven out of ten respondents having already recruited specialists to their management teams to plan for the future and mitigate political risk.
Key findings from the survey showed that more than a third of CEOs had clear concerns around operational risk (35 per cent) and reputational risk (34 per cent), while a similar proportion (32 per cent) were most concerned about issues linked to emerging technology.
As far as growth is concerned, more than half (54 per cent) of business leaders expected their firm to grow by only 0.01-1.99 per cent per annum over the next three years.
Three-quarters (74 per cent) said higher inflation would require their organisation to pass on increased costs to its customers.
Bill Michael, chair-elect at KPMG in the UK, acknowledged that British firms are currently facing a number of challenges and uncertainties. However, he also pointed out that finding ways to navigate these difficult times could prove beneficial for the enterprise in the long term.
"Fuelled by global and domestic uncertainty and the increased threats to firms on multiple levels, the business landscape has become incredibly complex," said Mr Michael.
"Yet, the CEOs who have ridden the storms facing their sectors over recent years have become more agile, constantly aware of the importance and the fragility of their brands, and [are] doing their utmost to protect them."
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