2020

The light of risk management has dimmed

Jack Kruf* The world of risk management is a special world. There are many methods and techniques, software programs, standards, surveys and especially experts. It is a true cloud that hangs above us, of concepts, of supposed uncertainties, unknowns, forces we do not seem to know, of black swans, sometimes also white swans, of dangers that seem to circle like […]

Developing an effective Governance Self-Assessment Instrument

Dr. Simon Grima [1] and Dr. Rebecca Dalli Gonzi [2] Stakeholders’ (of both private and public organisations) trust in the effectiveness and ability of the Board of Directors (‘BOD’) depends on factors such as transparency and clear accountability. Therefore, measuring the effectiveness of these factors is essential. However, how can we do this and against what benchmark/s? Should we consider […]

Understanding the Black Swan

Times of Malta in conjunction with Seed is serializing the economic report Agile. Perspectives on Malta’s economy post COVID-19. The report was authored by JP Fabri, Glenn Fenech, partner and senior consultant at Seed, and University academics Professor Vincent Cassar, Dr Stephanie Fabri and Dr Jonathan Spiteri. The full report can be read here. A modern globalised economy is a complex web of […]

The Pandemic Isn’t a Black Swan but a Portent of a More Fragile Global System

Bernard Avishai Nassim Nicholas Taleb is “irritated,” he told Bloomberg Television on March 31st, whenever the coronavirus pandemic is referred to as a “black swan,” the term he coined for an unpredictable, rare, catastrophic event, in his best-selling 2007 book of that title. “The Black Swan” was meant to explain why, in a networked world, we need to change business practices and […]

Deciding: Making even better decisions

Roger Estall and Grant Purdy have recently published a book on decision-making called Deciding. Written to help decision makers (we call them Deciders) to make ‘even better decisions’ it goes directly to the two big challenges for every Decider – ensuring that each decision will contribute to (rather than detract from) achieving the purpose of their organisation, and being sufficiently […]

JFIRM and PRIMO start collaboration

JFIRM and PRIMO start collaboration on the 1st of April 2020 in calling for and sharing of relevant publications related to risk management. PRIMO seeks more connection between scientific research and the practical insights and knowledge of leaders, CEO’s, manager, controllers and strategists related to the public domain of society. It promotes the connection and cooperation between organisations in the […]

How COVID-19 might help us win the fight against climate change

Victoria Crawford The COVID-19 pandemic has elicited a global response unlike anything we’ve seen before. From government and business taking on new roles to respond to the crisis to the complete re-organisation of how we work, travel and socialize, we have witnessed transformational changes that didn’t appear possible just weeks ago. The human costs of the pandemic are horrifying, but […]

“All the information was always out there”​ – “Everywhere you look there are red flags”​

Paul Barnett, CEO Strategic Management Forum My two recent posts expressed surprise, that organisations that should know better have called the Coronavirus outbreak a Black Swan Event. The first on March 29th and the second on March 30th. Read more “All the information was always out there, and until February 21, risk managers all over the world were just ignoring it.” […]

Pierrick Raude : « Un des premiers réflexes dans la gestion de crise a été de se préoccuper du soutien à l’activité économique car ce sera un enjeu de sortie de crise »

Hugues Perinel Face à la gestion de la crise sanitaire liée à la propagation du Covid-19, les collectivités doivent se coordonner pour maintenir une continuité d’activité et protéger les agents. Pierrick Raude, Directeur Général des services de la Communauté d’agglomération du Bassin d’Arcachon Nord (COBAN), répond à nos questions et nous fait part de son expérience.  Des crises comme celles-là nous obligent à revenir à l’essentiel : Protéger nos collaborateurs et organiser le travail à distance – communiquer auprès de tous sur cette organisation. […]

China Created a Fail-Safe System to Track Contagions. It Failed.

Steven Lee Myers After SARS, Chinese health officials built an infectious disease reporting system to evade political meddling. But when the coronavirus emerged, so did fears of upsetting Beijing. The alarm system was ready. Scarred by the SARS epidemic that erupted in 2002, China had created an infectious disease reporting system that officials said was world-class: fast, thorough and, just […]

El mundo en hibernación busca salidas

Marc Bassets La triple conmoción por el coronavirus —sanitaria, económica y política— une a la humanidad bajo la misma amenaza pero la divide en las respuestas. El planeta, para un extraterrestre que aterrizase estos días, ofrecería una imagen extraña, entre apacible e inquietante. Más de un tercio de la humanidad está en casa, privada de la libertad de moverse, tan […]

«La crise économique liée au Covid-19: une épreuve de vérité pour les principes qui guident les dirigeants des grandes entreprises»

Alors que l’urgence sanitaire mondiale Covid-19 se poursuit, les retombées économiques se multiplient. La croissance économique mondiale s’est inversée, les entreprises ont commencé à annuler les services qu’elles assurent à leurs clients et des millions de personnes sont au chômage technique ou licenciées. Lire l’article

Economics in the Time of COVID-19

Edited by Richard Baldwin and Beatrice Weder di Mauro | CEPR Press COVID-19 is spreading human suffering worldwide; that is what we should all be focused on. But we are not doctors. We are economists – and COVID-19 is most definitely spreading economic suffering worldwide. The virus may in fact be as contagious economically as it is medically. Joining the OECD’s dire growth forecast […]

Three weeks of lockdown in Italy has given us vital perspective – and small comforts

Tobias Jones With scarce resources instilling a spirit of togetherness, Italians have quickly learned to cherish what we once took for granted. We’re about to enter our fourth week of lockdown in Italy, our sixth of home-schooling, and we’ve begun to glimpse minor positives. It’s as if we’re all at that stage of musical chairs when the music has stopped. […]

How our cities can reopen after the COVID-19 pandemic

Richard Florida and Steven Pedigo A ten-point preparedness plan for our communities As the dreaded coronavirus rips across the globe, city after city has locked down, transforming urban business centers, suburban malls, and other public spaces into ghost towns. This is not the first time this has happened—since time immemorial, cities have been epicenters of communicable diseases. Read more

Risk & Resilience Radar: Present

Based on news, publications and data-analysis in the governance triangle Public – Private – Civic Society, we collect our findings related to the question:  What are the needs and the perceived risks (short and long term) emerging from the crisis on this moment? Top most mentioned needs by local public leaders, city managers, workers and advisors (10th of May): Financial resources to […]

PRIMO launches FORTE™ Online for teams

In times when physical encounters are very limited or even forbidden, in times of the need to act, in times when qualitime and quality meet, it is useful that as a team you are able to quickly and adequately explore the steering power with regard to the issue of problem you are facing. Actor, value, and object are connected by […]

Climate and the $2 Trillion Stimulus Package

Lisa Friedman The Senate is expected to vote Wednesday afternoon on a $2 trillion stimulus package in response to the coronavirus pandemic, and the provisions are a mixed bag for climate change. The measure does not include $3 billion for the government to buy oil and fill the Strategic Petroleum Reserve, a provision sought by Republicans and President Trump. But it […]

Board Leadership and Performance in a Crisis

Jack “Rusty” O’Kelley III, Grace Cheng, Beatrice Ballini, Constantine Alexandrakis, Justus O’Brien, Laura Sanderson, Melissa Martin, PJ Neal, Todd Safferstone For board directors and chief executive officers. Every industry across the globe has faced a crisis at some point in time. While most large companies survive, many struggle for years following a period of severe adversity. Others prevail and become […]

Beyond coronavirus: The path to the next normal

Kevin Sneader and Shubham Singhal. The coronavirus is not only a health crisis of immense proportion—it’s also an imminent restructuring of the global economic order. Here’s how leaders can begin navigating to what’s next. “For some organizations, near-term survival is the only agenda item. Others are peering through the fog of uncertainty, thinking about how to position themselves once the […]

COVID-19: A Failure in Risk Management

Professor David Zaruk as Risk-Monger When a train crashes, authorities are on the scene to determine the cause. The COVID-19 coronavirus is fast becoming a global train wreck and unless we quickly assess the the mistakes leading up to this tragedy, more trains will pile into the station. The longer the Risk-Monger gets in the tooth, the more global mass panic events […]

The seven early lessons of the global coronavirus crisis

Ivan Krastev | NewStatesman These are strange days we are living in. We do not know when the Covid-19 pandemic will end; we do not know how it will end; and, at present, we can only speculate about its long-term political and economic impact. Historians are clear: epidemics are events, not trends. As the historian of medicine Charles Rosenberg has put […]

Corona and the local impact: what to do?

UDITE, Newsletter nr.4, 23 March 2020 Message du President UDITE, Mr. Paul Gatt For a short time now we have been living in a different world. A world where the Corona virus has created a health crisis with a major social and economic impact. Its effects will weigh heavily in the coming months. The care sector, with doctors and nurses […]