An “early mover” is defined as a firm that quickly recognizes a unique opportunity or risk and uses that knowledge to evaluate its options either before anyone else or along with other firms that also recognize the significance of what’s developing; they seize the initiative to either capitalize on the opportunity or reduce the risk. Early movers have the advantage of time, which brings with it more options for decision making before market shifts invalidate critical assumptions underlying their strategy.

This issue of The Bulletin focuses on the attributes that prepare audit committees for early-mover status in today’s complex business environment.