Identifying Emerging Risks

Emerging risks are newly developing risks that cannot yet be fully assessed, but that could affect the viability of an organization’s strategy in the future. Effective risk management requires identifying emerging risks.

Too often, risk assessments shuffle “known knowns” around on a risk or heat map, leaving executives and directors asking, “Can you tell me something I don’t know?” In this issue of Board Perspectives: Risk Oversight, we discuss how to identify emerging risks which may affect the long-term viability of an organization’s strategy.