The predictable surprises initiative will begin in 2020, a decade since the BP Deepwater Horizon disaster, more than a decade since the global banking crisis, and nearly two decades since the 911 terrorist attack on the World Trade Centre in New York. All were predictable surprises. They were predicted. But warnings were ignored. Such large events are 'the tip of the iceberg'. Most predictable surprises are smaller in scale, but there are far more of them and their frequency makes them a huge problem for those affected, and for society. They impact the business itself, other stakeholders including investors and employees, the economy and the prosperity of nations. They represent a massive problem that needs to be addressed as a matter of urgency.
The research-led initiative will engage directors, executives, policy makers, investors, project managers. risk management professionals and others in finding a solution to this ongoing crisis - the result of bad stewardship, governance and management. Further Details.