At the World Economic Forum in Davos, Switzerland in late January, PricewaterhouseCoopers' Chief Executive Sam DiPiazza presented the results of the Eighth Annual Global CEO Survey. The survey focused this year on Governance, Risk and Compliance (GRC) and contained the views of over 1,300 Global CEO's on this timely subject.
Since sufficient interviews existed among the total universe of Global CEO's for us to specifically breakout the views of Retail & Consumer industry executives, we have prepared individual presentations for discussion with your R&C clients. Entitled "Leveraging Compliance to Create Value" and focusing on select questions from the overall survey, a separate document has been developed for select segments of the R&C Sector, Food & Drink, Consumer Products and Retail & Distribution, that were targeted in this year's survey
Highlights of the survey across selected R&C segments
- Among all three Retail & Consumer segments, there is a strong relationship among all elements of GRC and that effective GRC is a value driver. Monitoring and measuring results is the least fully developed aspect of GRC.
- Consumer Products CEO's believe their Boards to be more informed in greater detail that Food & Drink and Retail executives.
- All three Retail & Consumer segment CEO's strongly believe that they are managing GRC effectively.
- Food & Drink and Retail CEO's, as opposed to Consumer Products CEO's believe that they can very accurately measure their company's expenditure on GRC.
- CEO's for all three Retail Consumer segments view GRC primarily as an investment versus a cost.
- All three Retail & Consumer segment CEO's can measure the tangible cost of GRC, but not the business impact.
Related materials for select R&C segments.
Food & drink segments slide deck (393 kb)
Retail & distribution segments slide deck (393 kb)
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