Before a crisis breaks out, it’s always a good idea for the company’s risk manager or the risk management department (RMD) if one exists to review his or her role, or in case of the RMD, its role within an organization. In today’s environment, including COVID 19 virus issues, it is very important. A risk […]

In the past I have commented on crisis management and the tools needed to handle crisis in today’s business environment. It is clear however, that an international crisis, such as the COVID 19 virus, is harder to deal with than a domestic crisis. A pandemic, or potential pandemic as the CVOVID 19 virus is, by […]

As the Corona Virus continues to spread and cause some issues in the world’s supply chain as well as the major equity markets, corporate governance issues are now being thrust into the spotlight. After all, how does the Board of Directors react to a pandemic? What are the rights of shareholders? What corporate governance practices […]

Recently, a number of airlines have announced plans to cancel flights to South Korea due to the corona virus outbreak. Korean companies such as Samsung and LG have had to shut down production lines in some of their Korean based plants as well, causing a cascading number of economic issues to impact Korea’s economy as […]

Of all the risks facing companies in today’s business world, reputational risk is one of the most serious. Reputational risk can not only damage a company’s brand, but can even lead to the demise of the company. It is of primary importance to executives, in-house counsel and risk managers in many multinational companies and is […]

The recent outbreak of the Corona Virus is a perfect example of how risk, whether biological in nature, man-made, environmental or regulatory, can rapidly change a company’s business plan or effect the current global business outlook. As the virus continues to spread, business plans are being impacted, especially the business plans of companies in the […]