New Zealanders may be famous for their No.8 wire approach but it's a risky attitude in an increasingly risky global business environment. But despite the rising tide of risk, Andrew Sloman - a risk advisory partner at the Auckland office of BDO - says New Zealand businesses still lag when it comes to taking a proactive stance on threats they face. "We're more likely to accept the risk happening and then try to deal with it, because culturally we're 'she'll be right' Kiwis." However Sloman points out that in an increasingly global trading environment, New Zealand businesses can no longer afford to avoid proactively minimising risk and mitigation. The threat presented by another key global risk identified in the report - technological changes - also illustrates the flip sides of potential risk and reward.

Source: New Zealand Herald August 29, 2016 16:52 UTC