In light of these comments, it is encouraging that a survey conducted in October 2008 by the
Economist Intelligence Unit32 found that 92% of those surveyed had or were about to review
the way they manage risk. However, concerns were expressed that despite the recent credit
crisis, risk was still stigmatised as a support function, boards were still short of risk management
knowledge and experience and risk was still seen as a peripheral “compliance” issue
rather than an essential part of strategy. On a more positive note, the majority of respondents