Systemic Risk? Crisis Management
London, UK - 19th May 2011, 11:30 GMT
Dear ATCA Open & Philanthropia Friends
[Please note that the views presented by individual contributors are not necessarily representative of the views of ATCA, which is neutral. ATCA conducts collective Socratic dialogue on global opportunities and threats.]
Are crisis management and reputation risk interlinked? How well prepared should chairmen, chief executives and other directors of corporations and government agencies be to manage rapidly unfolding crisis scenarios and cascading effects? Witness Tepco and the Japanese government in Fukushima in 2011; BP and the American government in regard to the Gulf of Mexico in 2010; Toyota's sudden unintended accelerations in 2009; Lehman Brothers, rating agencies and financial regulatory lapses in 2008; and more recently Sony PlayStation Network's large-scale privacy breaches. What could have been done to mitigate the ensuing enormous reputation damage, brand tarnishing and share price declines? What is the solution?
Systemic Risk? Crisis Management
What are your thoughts, observations and views?
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