controlling risks

In this Commentary, we examine two corporate catastrophes which occurred within the last year, focusing on the damage done and on the ensuing personal risk to the directors and officers (D&O’s). In both cases, D&O’s failed to identify, manage and act on protection for stakeholders against the key risks. At the conclusion, we provide a call-to-action on what can be done by corporate leaders in prevention of similar occurrences, i.e. regular audits of business risks and following the five basic steps in risk management.

How could these situations have been prevented? Read more…