It used to be that the business of finance companies was finance - all they had to worry about was making as much money for their clients as they could. Other considerations did not really come into it, except for a small percentage of socially responsible investment (SRI) investors. But the financial services world is coming round to the idea that there is more to investing than just checking the figures.
"Many companies now perceive their biggest risks to be non-financial," says Christian Pedersen, of consultancy Mercer Oliver Wyman. A host of regulatory developments such as Sarbanes-Oxley, Mifid, Basel II and anti-money laundering rules mean that senior management is paying more attention to this area, he says.
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