Baseball is allowing itself to run a legal gauntlet that will eventually result in much higher liability than it currently faces in the area of fan safety.
When the new iPhone is released, we flock to stores. When new ERM strategies come to market, we open our wallets. But is the price tag on these so-called “must buys” worth the price?
In the event of reputational blunder, stakeholders will want to know — and directors may have to answer for under oath — whether the company did everything reasonably expected of them to mitigate the risk.
Connecting discreet risk information throughout the business and making sense of it is a difficult task, but corporate insurance and risk management functions have innate skills to lead the charge.
Getting big can be a great thing, but we cannot let our organizations get so big that it trips up the most important part of the company: its reason for being. That’s why enterprise risk management is vital.
James Curbeam, one of the 2018 Risk All Star winners, knew the only way to achieve true ERM was by making every department aware of how their risks intertwined.