A new study from global law firm Ropes & Gray LLP has shown that most businesses aren’t adequately prepared to address their regulatory and compliance risks. The study also found that businesses are concerned about risks relating to enforcement, data privacy and cyber security.
Ropes & Gray asked senior business executives in a variety of industries what types of risk their business devotes the most resources toward. And, although 78 percent of respondents spend the most on their regulatory and compliance risks, only 8 percent believe that their businesses are adequately prepared to address these issues.
The following are some additional findings from the study:
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