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 […]

    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? Past <  •  > Future Top most mentioned needs by local public leaders, city managers, workers and advisors (28th […]

    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 […]

    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 […]

    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 […]

    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 […]

    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 […]

    Your Company Is Too Risk-Averse

    Dan Lovallo, Tim Koller, Robert Uhlaner and Daniel Kahneman In theory, companies are supposed to create value for stakeholders by making risky investments. And as long as no single failure will sink the enterprise, those investments may be quite large. It won’t matter if even a significant percentage of them fail so long as the success of other bets compensates, which usually […]

    Creating and protecting value

    Richard J. Anderson & Mark L. Frigo.  Understanding and implementing enterprise risk management.  Over the past few decades, enterprise risk management (“ERM”) has been receiving increased attention by boards and executives and has undergone a continuing evolution in its development and uses. Along the way, lessons have been learned and ERM has been better understood regarding its benefits, objectives, and role […]

    Managing risk from the front line

    PriceWaterhouseCoopers | Risk in review, 6th Annual Study April 2017* The heart of the matter: Front-line leadership, collaborative success It’s been almost a decade since the 2008 global financial crisis and its aftermath forced companies into a defensive risk management posture, pulling responsibilities back from the business units to the second line of defence as they fought to weather the storm. […]

    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 […]

    Keynote speech by President von der Leyen at the World Economic Forum

    Video “The World Economic Forum stands for multilateralism, global cooperation, listening to each other, and ideas for the future. Some say the global order as we have built together in these 50 years is outdated. And whether we agree or not, we all have to recognise that it has been challenged every day. This is not about one President, one […]

    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 […]

    Global Risks Report 2020

    The report is published as critical risks are manifesting. The global economy is facing an increased risk of stagnation, climate change is striking harder and more rapidly than expected, and fragmented cyberspace threatens the full potential of next-generation technologies — all while citizens worldwide protest political and economic conditions and voice concerns about systems that exacerbate inequality. The challenges before us […]

    Trust in Regulatory Regimes

    Edited by Frédérique Six and Koen Verhoest Within political and administrative sciences generally, trust as a concept is contested, especially in the field of regulatory governance. This groundbreaking book is the first to systematically explore the role and dynamics of trust within regulatory regimes. Conceptualizing, mapping and analyzing trust between regulators, regulatees and citizens, expert contributors systematically review the existing […]

    AIG’s Sustainability Journey

    Thomas Leonardi Scanning today’s headlines, you don’t have to look far to see that the environment is front and center – from 16-year old climate activist Greta Thunberg being named TIME magazine’s Person of the Year, to the threat rising sea levels pose for our coastal areas, to increased poverty due to the impact of extreme weather events on farming. The […]

    A Prosperous, Healthy and Happy 2020!

    PRIMO wishes its members and partners a Prosperous, Healthy and Happy 2020! What could be better than being able to work together, to share essential points of view, to listen, to make connections, to be able to innovate and to learn. In 2020 we focus on co-creation, good education and strategic management. We see risk management, the discipline where we […]

    FORTE™ Framework for Good Governance

    Jack P. Kruf, Simon Grima, Murat Kizilkaya, Jonathan Spiteri, Wouter Slob, John O’Dea | European Research Studies Journal.  Purpose In this article we lay out and discuss a framework proposed by the Public Risk Management Organisation (PRIMO) of which the authors are board members and the results of a test on public and private entities of EU small jurisdictions, specifically Malta, Slovenia, […]

    Professor dr. ir. Roelof A.A. Oldeman Lecture

    Focus: ‘Promotion of integrated thinking and acting’. The PRIMO Lecture is founded in 2018 and is about the promotion of integrated thinking and acting in public governance is called the Professor dr. ir. Roelof A.A. Oldeman Lecture. Objective of the lecture is to create awareness about the city as a ecosystem, the complexity of holistic diagnosis and planing and stewardship as the highest […]

    12 Principles of Good Governance and European Label of Governance Excellence (ELoGE)

    Source: Council of Europe Good Governance – the responsible conduct of public affairs and management of public resources – is encapsulated in the Council of Europe 12 Principles of Good Governance. The 12 Principles are enshrined in the Strategy on Innovation and Good Governance at local level, endorsed by a decision of the Committee of Ministers of the Council of Europe in […]

    Controlling the digital risk / Maîtrise du risque numérique

    This guide owes its existence to the following observation: the digital risk that bears down increasingly every day on organisations can go as far as putting their very survival in peril and the one of their stakeholders. According to ANSSI (National Cybersecurity Agency of France) and AMRAE (French Association for Risk Management and Company Insurance), this must be considered as […]