The word dystopia refers to a fictitious place in which everything has gone awry. It is the flip side of utopia, the word coined by Sir Thomas More in his fictional portrayal of a seemingly ideal society. Although such ideas have fascinated novelists ever since More’s musings in the 16th century, there is now reason [...]
The World Economic Forum launched the Global Risk Report 2012. Quote: “Economic imbalances and social inequality risk reversing the gains of globalization, warns the World Economic Forum in its report Global Risks 2012. These are the findings of a survey of 469 experts and industry leaders, indicating a shift of concern from environmental risks to [...]
Source: World Economic Forum and Marsh & McLennan “The financial crisis has drained the world’s capacity for dealing with shocks. The frequency and severity of risks to global stability have amplified, while the ability of global governance systems to deal with them has not. From the Executive Summary The world is in no position to [...]
A Global Risk Network Report In January 2010 the World Economic Forum published a Global Risk Network Report in collaboration with Citi, Marsh & McLennan Companies (MMC), Swiss Re., Wharton School Risk Center and Zurich Financial Services. The full research report is available on the website of the World Economic Forum. After the shock to [...]
In Copenhagen Scientists and politicians are discussing this week during the “International Scientific Congress on Climate Change the “global risks, challenges and decisions on climate change”. All organized by the University of Copenhagen. What are the risks we are facing and how do they impact us this century. Four leading experts brought forward that sea [...]
On the 14th of March, next week, the G20 countries are meeting in London to prepare for the global economic summit next month. What will be on the agenda? Financial regulators as tax, funds and bonusses. Of course. But the real focus will be on prevention and avoiding disasters. for the future. Quite an ambition. [...]
“What challenges are likely to affect your company in 2009 and beyond? The credit crunch aftershocks and the deepening global recession, rank as the most important business risks for 2009, displacing regulation and compliance from the top spot. Green initiatives, competition from new entrants, human capital issues, and reputational risk all rose in the new [...]
PricewaterhouseCoopers launched its report “Economic crime: People, culture and controls” on the basis of eight years of data on trends, perceptions and incidents of fraud: “Despite heightened efforts at regulation and companies’ investments in controls, fraud remains a major threat to companies around the world. From simple theft to more complex schemes involving management and [...]
Preface by Klaus Schwab Founder and Executive Chairman World Economic Forum “2009 will be a year of learning the lessons of the financial crisis; a year where its reach in terms of time and scope becomes more evident; a year that calls for a new financial architecture to be shaped. At the same time, it [...]
This white paper of the International Risk Governance Council (IRGC) focusses on five critical infrastructures related to social vulnerabilities. “This White Paper on ‘Managing and Reducing Social Vulnerabilities: from Coupled critical Infrastructures’ is the second in which we publish recommendations for the risk governance of a particular problem field. We have chosen to focus on [...]
Managing the people side of risk
Companies can create a powerful risk culture without turning the organization upside down. By Alexis Krivkovich and Cindy Levy for McKinsey & Company Insights & Publications Most executives take managing risk quite seriously, the better to avoid the kinds of crises that can destroy value, ruin reputations, and even bring a company down. Especially in the wake [...]
Global Risk Management Survey 2013
Aon’s 2013 Global Risk Management Survey report is part of this process, capturing the latest risk trends and priorities facing companies around the world. The report unveiled the top 10 risks now and three years in the future. Conducted in Q4 2012, the web-based survey gathered input from 1,415 respondents — a 47 percent increase [...]
By Daniel Cressey for Nature “Across the globe, hives of honeybees are dying off in a phenomenon known as colony collapse disorder. Among the proposed culprits are pesticides called neonicotinoids, which are supposed to be less harmful to beneficial insects and mammals than the previous generation of chemicals. Debate over neonicotinoids has become fierce. Conservation groups and [...]
The economic crisis in Spain has led to an increased awareness among senior executives of how risk must be managed globally. Read more > Leer más > (en espagñol) Source: Strategic Risk
A framework in development By Ed Mallens and Jack P. Kruf The International Organization for Standardization (ISO) has worked on the ISO 31000 as referential framework for risk management in organizations. The setting has been outlined by ISO very clearly: “Risks affecting organizations can have consequences in terms of economic performance and professional reputation, as [...]
