Essay

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

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. […]

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 […]

Most people see COVID-19 as an economic crisis first, health risk second, survey finds

Laura Oliver The public sees coronavirus as a greater threat to the economy than to their health, new research suggests. Economic rescue measures announced by governments do not appear to be calming concern. The Ipsos poll of 10,000 adults in 12 countries, conducted 12-14 March, suggests rising anxiety about personal financial exposure, including employment. The perception of threat to health increases […]

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 […]

Resilience in an infected society

Ton Wilthagen and Paulien Bongers Resilience is the ability to anticipate, recover, and return to normal. But, we are also capable of eventually becoming stronger and better as a society, even as a result of an exceptional crisis caused by the corona outbreak. In his already historic television speech on March 16, the Dutch Prime Minister Rutte outlined the far-reaching […]

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 […]

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

Ready for the rising water

Utrecht University The largest evacuation ever in the Netherlands due to flood risk is 25 years ago this winter. 250,000 people had to leave their homes in river areas due to the dangerous high water levels of the Rhine, Maas and Waal. Several water researchers at Utrecht University have personal memories of this. They reminisce on those days and look into the future. Are we […]

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 […]

Risk Management Practices Adopted by European Financial Firms with a Mediterranean Connection

Simon Grima and Frank Bezzina Following the economic and financial crises, any activity involv ing internal controls, especially risk management, has been given more attention. With this study, we aim to contribute further to the existing literature on risk management by looking at practices adopted by financial services firms licenced in Europe with a Mediterranean connection. We used parts of […]

Financial Literacy: The Case of Poland

PRIMO: Financial literacy is essential in the world of public value and risk management. Financial engineering is one of the key factors in our FORTE™ framework for good governance, published by Jack P. Kruf, Simon Grima, Murat Kizilkaya, Jonathan Spiteri, Wouter Slob, John O’Dea in 2019.  Financial literacy is a factor in the quality of decision making. This study shares […]

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 […]