Relatively few CFOs are preparing detailed plans for geopolitical disruptions that may affect their businesses’ operations, according to a new survey of financial leaders at companies with at least $500 million in annual revenue. The research, as described by Josh Hyatt for CFO.com, found that only 31% of respondents had modelled worst-case scenarios for major geopolitical events, which can range from government interventions to terrorist attacks. Modelling for other types of events was more common, with 54% of respondents examining potential data-breach and cyber scenarios. Still, only 46% said they had created or tested formal loss-recovery plans.
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