CEOs and business leaders on the COMPAS business panel were asked to predict risks facing Canadian public corporations and to evaluate their preparedness for each type of risk. Among 10 risks facing companies, the possibility of fraud appears to be the principal one that may be on the rise during the current recession.

Members of the panel were asked to identify the risks for which companies were most and least prepared. Companies appear to be most prepared for fire, employee law suits, bad product or service, and client law suits while least prepared for employee violence, natural disasters such as hurricanes or lightening, and terrorism.

These are the key findings from this past week’s Internet survey of CEOs and business leaders on the COMPAS panel. The weekly business survey is undertaken for Canadian Business magazine under sponsorship of BDO Dunwoody LLP.

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