Top 10 Risk Management Concerns for CFOs in 2014

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Of all the risk management issues present in the business community, CFOs are most concerned about unanticipated labor costs, including the cost of healthcare, according to the Bank of America Merrill Lynch CFO outlook survey for 2014.

The survey interviewed 751 CFOs and finance directors who work at various U.S. companies with annual revenues between $25 million and $2 billion. The interviews took place from September to November.

Here are the top 10 risk management concerns for 2014, according to the CFO survey. Note: Percentages equal the number of responding CFOs who are "very" or "somewhat" concerned.

2014 CFO risk management concerns
1. Unanticipated labor costs, including healthcare (81 percent)
2. Market risks, such as interest rates, commodity prices and investment portfolio risk (72 percent)
3. Operational risks, such as supplier/distributor problems and execution challenges (60 percent)
4. Succession planning (51 percent)
5. Reputational risks (44 percent)
6. Credit risks (43 percent)
7. Technical/intellectual property protection (38 percent)
8. Disaster coverage/protection (38 percent)
9. Internal and external fraud (37 percent)
10. International business risks, such as taxes and foreign exchange (29 percent)

More Articles on Risk Management:
Hospitals Increasingly Buying Data Breach Insurance
The Risks of Provider-Operated Health Plans: Are the Rewards Worthwhile?
Healthcare CFO Lessons: The Importance of Risk Management

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