8th May 2001

Critical Issues

In our book Managing Risk: Critical Issues for Survival and Success into the 21st Century (www.thomsonlearning.co.uk), my colleague Dr Ian Glendon and I emphasised the importance of a number of interwoven contexts, both to understanding risk and to effective action. A paper in the April 2001 issue of Corporate Governance (www.irmg.com) explores two of these contexts, management systems and culture, that feature prominently in current attention to risk management as an integral part of corporate governance. A number of cases, including the Barings collapse and railway major accidents, are referred to.

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