In the news

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 […]

Directors and Officers Insurance Insights 2020

The range of exposures facing directors and officers (D&Os) – as well as the resultant claims scenarios – have increased significantly in recent years. With corporate management under the spotlight like never before, Allianz Global Corporate & Specialty (AGCS) experts provide both a reflection of the current state of the D&O insurance market and also point the lens forward to […]

5 Risks for Legal and Compliance Leaders to Watch in 2020

The Gartner Legal and Compliance Hot Spots report identifies the top risk trends legal, compliance and privacy leaders should focus on in the next two years. The adage “The only constant is change” is one with which legal, compliance and privacy executives are all too familiar. Technological advancement is a primary, most obvious, driver of such change, creating both efficiencies […]

Venice Flooding Brings City to ‘Its Knees’

Elisabetta Povoledo The mayor called for a state of emergency after the Italian city was submerged under “acqua alta,” an exceptionally high tide — the worst in 50 years. Outdoor restaurant tables and chairs could be seen bobbing in the waters, and tourists were forced to clamber through the windows of high-end hotels as the water rose to about six feet […]

Auditing ahead of the wave requires foresight

Jaap van Oerle. Every time a corporate scandal makes headlines, the question “Where were the auditors” comes up. Or should come up. After all, internal and external auditors claim that they “help Boards to protect value”. While the external auditors usually face substantial criticism after a scandal, more often than not, no-one looks at the internal auditors. Read more

How to hire a great Chief Risk Officer

Victoria Robinson An IRM guide to the recruitment of great Chief Risk Officers and other senior risk professionals. The IRM has released new guidance on hiring for the most senior risk positions. It also remarks on a shortage of candidates for senior level positions and calls on organisations to ensure that their professional development schemes and succession plans nurture sufficient talent […]

Risk management debate: Is ERM a total fraud?

Join Hans Laessoe, founder of AKTUS and former CRO of LEGO, and Alex Sidorenko, for another thought-provoking risk management debate. On the 2d of August we will talk about ERM and what it means to the risk management profession. Join us for this very entertaining debate. Alex will argue how most common ERM concepts have failed, increased bureaucracy, failed to […]

Fiscal resilience: Tools to manage state budgets in an age of uncertainty

Jonathan Davis, Navjot Singh and Todd Wintner When the next economic downturn comes, states will need to be more deliberate about how they manage expenditures and revenues than ever before. An emerging theme across US states —and many regional governments in developed economies— is persistent fiscal uncertainty. Demographic change, spiraling healthcare inflation, and underfunded liabilities have placed states under unyielding fiscal pressures.

Rising Seas Will Erase More Cities by 2050

Denise Lu and Christopher Flavelle.  Rising seas could affect three times more people by 2050 than previously thought, according to new research, threatening to all but erase some of the world’s great coastal cities. The authors of a paper published Tuesday developed a more accurate way of calculating land elevation based on satellite readings, a standard way of estimating the […]

Climate crisis: 11,000 scientists warn of ‘untold suffering’

Damian Carrington. Statement sets out ‘vital signs’ as indicators of magnitude of the climate emergency. The world’s people face “untold suffering due to the climate crisis” unless there are major transformations to global society, according to a stark warning from more than 11,000 scientists. “We declare clearly and unequivocally that planet Earth is facing a climate emergency,” it states. “To secure […]

Confronting the risks of artificial intelligence

By Benjamin Cheatham, Kia Javanmardian, and Hamid Samandari | McKinsey Quarterly With great power comes great responsibility. Organizations can mitigate the risks of applying artificial intelligence and advanced analytics by embracing three principles. Artificial intelligence (AI) is proving to be a double-edged sword. While this can be said of most new technologies, both sides of the AI blade are far sharper, […]

What Successful Public-Private Partnerships Do

Elyse Maltin | Harvard Business Review Despite spending $2.5 trillion a year on roads, railways, ports, water, and other public infrastructure projects, countries around the world are still falling far short of what they need to invest, according to one estimate. Thus, it’s no surprise that there is renewed interest in public-private partnership (P3) projects, where businesses supplement public investment […]

John Kerry: Forget Trump. We All Must Act on Climate Change.

John Kerry.  This week is the third anniversary of the Paris climate agreement. The Trump administration marked it by working with Russia and Gulf oil nations to sideline science and undermine the accord at climate talks underway in Katowice, Poland…Future generations will measure us by whether we acted on facts, not just debated or denied them.  Read more

Daniel Kahneman: Your Intuition Is Wrong, Unless These 3 Conditions Are Met

Emily Zulz | Thinkadvisor At the World Business Forum, Kahneman explained when people can trust their intuitive judgment and when they shouldn’t. Can intuition play a role in investing? According to Daniel Kahneman, a Nobel Memorial Prize-winning behavioral economist, no. During a speech given at the World Business Forum in New York City, Kahneman explained when people can trust their intuitive […]