With the onset of a terribly disruptive pandemic and risks related to ESG matters taking center stage, the pace of change has quickened and the stakes for making correct strategic choices have increased. Protiviti’s Jim DeLoach poses an important question: Are our risk management and risk oversight processes still fit for purpose?

The transition to remote work during the COVID-19 pandemic has been at the forefront for most businesses, and risk professionals have adapted well to this change. Remote server access, video conference calling, and other technological innovations have provided risk professionals and others within the risk management industry with the ability to stay in touch with clients, employers and their data while being able to survey their issues and needs from a distance. Improved data security measures have made this process safe and relatively seamless as well.