NICK FOX
THOUGHT LEADER
CFOs
are confronting an ever-expanding array of threats to their companies ’ financial health . From volatile markets to credit pitfalls , the landscape of corporate finance has become increasingly treacherous , demanding a new level of vigilance from those at the helm .
A recent Deloitte survey has thrown this shift into sharp relief , revealing that 70 % of CFOs now rank risk management as a top priority for the coming year . The stakes , it seems , have never been higher .
Nick Fox , EY Partner and Transaction Diligence Leader , says : “ Absolutely their job is to evaluate the risks that are facing that business , develop an understanding of the driver of the risk and its value , and then seek to implement strategies to manage the risk .”
Indeed , the benefits of such preparedness are manifold . Businesses with well-executed risk strategies report enhanced financial stability , more agile decision-making and a notable uptick in investor confidence .
A study by McKinsey & Company found that companies regularly conducting comprehensive risk assessments were 25 % more likely to achieve their financial targets than those that did not . This statistic has not been lost on the biggest companies , which are increasingly
“CFOs typically adopt a risk register with a traffic light system for evaluating risk ”
NICK FOX
TITLE : PARTNER AND TRANSACTION DILIGENCE LEADER
COMPANY : EY
Nick is a specialist in financial due diligence having advised on over 300 transactions across the UK and Europe .
144 January 2025