In the news

Before Virus Outbreak, a Cascade of Warnings Went Unheeded

David E. Sanger, Eric Lipton, Eileen Sullivan and Michael Crowley Government exercises, including one last year, made clear that the U.S. was not ready for a pandemic like the coronavirus. But little was done. The outbreak of the respiratory virus began in China and was quickly spread around the world by air travelers, who ran high fevers. In the United […]

Leadership in a crisis: Responding to the coronavirus outbreak and future challenges

Gemma D’Auria and Aaron De Smet The coronavirus pandemic has placed extraordinary demands on leaders in business and beyond. The humanitarian toll taken by COVID-19 creates fear among employees and other stakeholders. The massive scale of the outbreak and its sheer unpredictability make it challenging for executives to respond. Indeed, the outbreak has the hallmarks of a “landscape scale” crisis: […]

Visualizing the History of Pandemics

Nicholas LePan As humans have spread across the world, so have infectious diseases. Even in this modern era, outbreaks are nearly constant, though not every outbreak reaches pandemic level as the Novel Coronavirus (COVID-19) has. Today’s visualization outlines some of history’s most deadly pandemics, from the Antonine Plague to the current COVID-19 event. Read more

How To Use A Risk Matrix

Julian Talbot There are better tools for risk assessment than risk matrices But, contrary to some opinion, they are not without some utility. So if your organization still insists on using them, here are at least two basic issues that are easy to fix when using a risk matrix. The first is failing to identify the risk. You can’t calculate a […]

The Coronavirus and Carbon Emissions

Brad Plumer and Nadja Popovich In the past month, the world has seen a remarkably large drop in emissions of carbon dioxide, the main driver of global warming. The reason isn’t something to celebrate, though. The coronavirus outbreak in China, which has sickened at least 77,000 people, has shut down factories, refineries and flights across the country as officials order people […]

Biggest barrier to strong front line Risk Governance Model …

Tim Leech “I find it ironic that the 2 professions – the risk management and internal audit professions – most responsible for promoting effective risk governance are currently the biggest risk to that goal. That can change quickly if leadership of the IIA and RM associations aggressively and clearly communicate the need to change, and equip members with the tools […]

What the risk managers are saying

With so many exciting workshops, panels and presentations throughout the AMRAE conference, we caught up with speakers and session leaders to find out what hot topics they will be covering, what risk managers can learn and their take on the biggest risks facing risk managers today. Read more

Climate Change Preparedness

Stefan Lundbergh* Across the globe there are more uncontrollable fires, an increasing number of severe hurricanes, longer periods of droughts and warmer winters. The consequences of climate change are becoming more tangible. As long-term investors, we need to consider the extent to which our investments are prepared for a changing climate. Generally certain – Specifically uncertain. Read more *Director Cardano Insights

As New Coronavirus Spread, China’s Old Habits Delayed Fight

Chris Buckley and Steven Lee Myers At critical turning points, Chinese authorities put secrecy and order ahead of openly confronting the growing crisis and risking public alarm or political embarrassment. Read more “A mysterious illness had stricken seven patients at a hospital, and a doctor tried to warn his medical school classmates. “Quarantined in the emergency department,” the doctor, Li […]

Enhanced cyberrisk reporting: Opening doors to risk-based cybersecurity

Jim Boehm, James M. Kaplan, Peter Merrath, Thomas Poppensieker and Tobias Stähle New cyberrisk management information systems provide executives with the risk transparency they need to transform organizational cyberresilience. Executives in all sectors have deepened their understanding of the dangers cyberrisk poses to their business. As hacks, cyberattacks, and data leaks proliferate in industry after industry, a holistic, enterprise-wide approach to cybersecurity […]

The Last Time Democracy Almost Died

Jill Lepore The last time democracy nearly died all over the world and almost all at once, Americans argued about it, and then they tried to fix it. “The future of democracy is topic number one in the animated discussion going on all over America,” a contributor to the New York Times wrote in 1937.  Read more

Closer than ever: It is 100 seconds to midnight

Humanity continues to face two simultaneous existential dangers—nuclear war and climate change— that are compounded by a threat multiplier, cyber-enabled information warfare, that undercuts society’s ability to respond. The international security situation is dire, not just because these threats exist, but because world leaders have allowed the international political infrastructure for managing them to erode. Read more

How Boeing’s Responsibility in a Deadly Crash ‘Got Buried’

By Chris Hamby In the 2009 and Max accidents, for example, the failure of a single sensor caused systems to misfire, with catastrophic results, and Boeing had not provided pilots with information that could have helped them react to the malfunction. The earlier accident “represents such a sentinel event that was never taken seriously,” said Sidney Dekker, an aviation safety […]

Here’s why accountants could be the climate heroes we all need

Zubair Abid Arain Climate change has caused widespread destruction. Environmental degradation was responsible for 9 million premature deaths in 2015, besides causing the economic loss of hundreds of billions of dollars annually… A new accounting standard to account for climate costs might be the right approach – and there are multiple reasons why this could nudge emitters in the right direction. […]

Want a better decision? Plan a better meeting

Aaron De Smet, Gregor Jost and Leigh Weiss Effective meetings produce better business decisions. Yet too many decision meetings are doomed from the get-go. You can do better. Decisions are the lifeblood of organizations, and meetings are where important business decisions often happen. Yet many executives are nonplussed—at best—when describing their own experience of meetings. Read more

What Is Public Value? How Can It Be Created & Sustained

Public Value is a theory for public management advanced by Professor Mark Moore of the Harvard Kennedy School of Government. In 1995, Professor Mark Moore’s seminal book on ‘Public Value’ (Moore, 1995) was published. Over the previous two decades, staff and students at Harvard’s Kennedy School of Government, where Moore taught, engaged in conversations about how to produce excellence in […]

Flipping the script on climate action

Jens Burchardt, Michel Frédeau, Philipp Gerbert, Patrick Herhold, and Cornelius Pieper |  Boston Consultancy Group Around the globe, public pressure to address carbon emissions is increasing. Yet the economic debate around climate action continues to be dominated by skepticism. Regulators and corporations remain reluctant to promote ambitious abatement for fear it might hurt economic competitiveness and growth. This reluctance is […]