Chief Resilience Officers Enter Boardrooms as Global Risks Climb

In an article for Bloomberg, Saqib Alam discusses the growing trend regarding a new boardroom role—the Chief Resilience Officer—and how this function works across geographies and business units to improve organizational resilience and a company’s ability to withstand crises. As Saqib discusses within the article:

“Companies today are navigating global conflict, rising costs and inflationary pressures, geopolitical tensions impacting supply chains, shifts in employee and consumer behavioral patterns post‑pandemic, and sudden adverse climate events. These are just some of the issues causing disruption.”

“Coordination is key, and for this reason, companies are increasingly seeing the benefit of having a chief resilience officer in place . . . A CRO can help an organization achieve adaptability to withstand shocks. CROs look beyond the boundaries of traditional risk mitigation and instead build resilience systems, ensuring that their organizations are equipped to thrive when faced with adverse circumstances.”

Read the full article.

Reproduced with permission. Published February 29, 2024. Copyright 2024, Bloomberg Industry Group, 800-372-1033. For further use, please visit the website.