London Evening Standard: Perils that lie in risk management
“…it is less than 10 years since Shell was vilified for its environmentally sensible proposal to sink the Brent Spar oil platform in the Atlantic, and thereby introduced the world to reputational risk.”: “Regulators, auditors, ratings agencies and even businessmen speak of little else these days. A whole new science has grown up to meet the need.”
Anthony Hilton,
15 October 2004
IT hardly bears thinking about but it is still less than 10 years since Nick Leeson brought down Barings bank and introduced the world to the concept of operational risk.
Similarly, it is less than 10 years since Shell was vilified for its environmentally sensible proposal to sink the Brent Spar oil platform in the Atlantic, and thereby introduced the world to reputational risk. In that age of innocence, no one talked about risk control.
Regulators, auditors, ratings agencies and even businessmen speak of little else these days. A whole new science has grown up to meet the need. read more
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