Most of us have heard Enron-like stories and counted our blessings that it was not our business that was there one minute and incinerated the next. But it is fair to say that a high proportion of us think of this type of incident as always happening to someone else. If you think like this then you are possibly posing one of the biggest threats to your own corporate existence.
The downplaying, overlooking and out-right ignorance of major risks could ultimately result in the demise of a thriving company and expose it to an entirely new set of operational risks. In fact, it is not so much a case of displacing one set of risks with another – our experience has shown that ignorance of any risks typically results in an expansion of the categories of exposure to risk, and further, that the sum of the whole is greater than its parts.
