"We felt confident enough in his ability and potential to appoint him to the role of reserve driver in September and since that time his development has been rapid in all aspects, " Booth explained.

CNN: STORY HIGHLIGHTS

Their tendency has been to react to the latest development or surprise, leading to rapid destabilizing and shifts in priorities.

FORBES: Brazil's Conundrum: The Strong Weak Economy

There has been a clear maturation of risk management capabilities across all industries, a rapid march up the business value chain and the development of governance and organizational structures that give risk a louder voice at the executive table.

FORBES: Risk Management Comes of Age