Headline News ! Another Risk Management Example
A terrible tragedy, The Chairman, CEO, Secretary and 3 Board members of Sundance Resources LTD all died in a plane crash in Camaroon. They were conducting business in the area when their plane went down. No one know why the plane crashed at this time. From a risk perspective having key people travel together is risky, even in cars , buses, or trains. Spread of risk is a risk management axiom and it applies also to the most valuble asset, its leaders. Until next time be careful out there and know your risks. K