Ian Pelham, Senior Vice President of InSolutions Ltd, England, explains that many UK companies are facing legacy employers’ liability claims. The problem with these legacy claims for diversified companies, especially those that have grown by mergers, is that they really have a definitive schedule of all companies within the group.
Risk: A Primer for Business Leaders – Part VIII (Complicated & Complex Uncertainty)
Risk is a seemingly simple word that confounds most organizations when it comes to achieving strategic outcomes. We prefer the word uncertainty. Increasingly, the role of business leaders will be to help others in their organizations learn how to frame, evaluate and communicate uncertainty – especially the type of uncertainty that is complicated or complex.
Lori Siwik and Mark Siwik are the founders of SandRun Risk. They apply the principles of vertical leadership and lean six sigma to the discipline of risk management. From time to time they share their blog with guest authors who write about important risk management principles.