In 2026, it won’t be one major risk that catches Boards and Executives off guard.  It will be the accumulation of smaller, underestimated risks hiding on the shelf. The organisations that stay ‘nice, not naughty’ will be those that invest in strong governance, clear accountability and disciplined execution.

Below is a summary of JNW’s Top 9 Strategic Risks for 2026, together with practical governance considerations to mitigate their impact.

1. AI Disruption – rapid AI evolution presents businesses with digital transformation opportunities, but also data governance risks around the “black box”.  Use requires a strong, clear AI policy outlining roles, responsibilities and accountabilities.
2. Data Privacy – new stricter Privacy Act reforms require strengthening data governance over collection/storage/use of personal information. Privacy management frameworks should address use of third-party cloud vendors, CCTV/biometrics usage and breach response plans.
3. Talent – workforce skills and leadership shortages highlight the importance of succession and retention strategies. Work Health Safety, working from home and award compliance controls remain key.
4. Liquidity – macroeconomic stress caused by inflation uncertainty, interest rates instability on rising debt and tightening credit markets create a need for financial resilience. Strong forward-looking cashflow controls and independent oversight can provide early warning.
5. Cyber Security – AI enhanced ransomware and sophisticated social engineering remains a global concern.  Legacy systems, weak network access security and lack of staff awareness training increase the chances of hacks, and should be regularly assessed.
6. M&A Integration – strategic value desired through synergies maybe impacted by operational complexity, IT systems integration and cultural misalignment.  A well designed post-acquisition governance framework should identify transition risks and plan for execution and cultural hurdles.
7. Natural Disaster – rising climate risk and frequency of extreme weather events are forcing organisations and insurers to rethink resilience.  Business Continuity Planning is essential to minimise disruption impacts.
8. Regulatory Compliance – escalation in director accountabilities, complexity and growth in ESG, modern slavery and privacy legislation, increase the compliance challenge. Independent audit can provide assurance and comfort.
9. Supply Chain – shifting trade policies, regional conflicts and geopolitical volatility are disrupting global supply chains, resulting in rising logistics costs, shipping delays and material shortages. Regular supplier reviews, diversified sourcing and demand planning are strategically important.

As the year draws to a close, thank you for your trust and collaboration. At JNW, we’re proud to help organisations strengthen their governance, manage risk and enhance performance – keeping your business on the “nice” list all year round.

We wish you and your family a safe, joyful festive season and a resilient start to 2026.

Strengthening Governance. Managing Risk. Enabling Success.