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Do fines work?
Over the past few years, fines doled out to companies by regulators have rocketed. Banks, energy companies and others have received record-breaking fines for not following rules. Last year for instance, the US Department of Justice fined BP over $20bn for operational shortcomings relating to the 2010 Deepwater Horizon oil spill. About $5.5bn of that…
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Strategic innovation
Innovators are not necessarily well-known for their patience with risk managers. Creating something new and worrying about risk at the same time seem antithetical. Many take the same approach to strategic decision making with sometimes disastrous results. Design thinking – whether in products, services or in decision-making – should have risk built in from the…
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Editor’s welcome
Hello, and welcome to the new site for Enterprise Risk Magazine. After relaunching the publication earlier this year, we couldn’t resist taking our new approach online. Websites are fairly self explanatory, but a few words of what you will find here seem in order. This column offers news, information and thoughts from the magazine’s editorial…
