Competitor and Industry Public Information
It is a good practice to review the 10K reports for your competitors at least annually to see what risk factors they are considering. These are very useful even though they may be vague or just of an emerging nature.
The robustness of each company’s ERM program varies, and some may be more helpful than others. However, publishing risk factors in a financial reporting requirement should be included and comprehensive. Figure 9.1 shows an example of the annual review for the semiconductor industry.
Usually, an analysis was performed of the risk factors for at least 10 competitors of various sized and geographical footprint. It was noted that there was a total of 67 different risk topics just among ...
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