NU Online News Service, Oct. 9, 11:30 a.m. EDT
New York City–No matter how many regulations or internal fail-safe systems an organization or a government puts in place, preventing systemic economic collapses means challenging peoples' worst instincts, an enterprise risk management conference was warned this week.
Following a wide-ranging panel discussion of the financial meltdown and its implications for corporate governance–entitled, "A Conversation About Risk: What Keeps You Up At Night?"–an audience member asked the experts to explain how companies and regulators can mitigate "people risk" to discourage behavior that is at best reckless, and at worst unethical or even illegal, when the specter of large profits loom.
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