Given the numerous obstacles that organizations face on a daily basis—geopolitical uncertainty, increasing rules, overlapping regulations, heightened scrutiny by investors and the public, and technological disruptions—risk management plays a vital role in corporate consciousness.
Ideally, one would be able to prevent or mitigate each crisis before it becomes an issue, but when that’s unavoidable, how one manages such a crisis extends past the in-house legal team to senior management and the board itself. Beyond diverting senior management time and the risk to reputation, financial stability, and key relationships around the world, a company’s response to a crisis will be heavily scrutinised by the public generally and shareholders specifically.
Too often, companies fear extending beyond compliance for fear of regulatory enforcement or reputational damage, but risks and opportunities are two sides of the same coin—properly identified and managed, these ‘risks’ can help businesses innovate, grow, and succeed.
At Z&Co., our multidisciplinary Risk and Resilience team helps deliver the solutions you need to address your commercial, regulatory, and governance challenges required to secure the long-term sustainability of your organisation.