How to Spot a Risk Before it Explodes
Can a company spot risks before they escalate? This episode explores why most risk reports fail and how to make them work.
Sanjay Kallapur
Professor of Accounting. His research spans financial and managerial accounting, auditing, corporate governance, and risk management. He also served as the Associate Dean and the Deputy Dean at ISB for nearly a decade.
Video Summary
"From the Bhopal Gas tragedy to the Volkswagen emissions scandal, risks don’t just happen. There have been indicators, and yet a culture of accepting bad practices continues,” says Professor Sanjay Kallapur in this episode of The Big Picture. Drawing from his co-authored study on why risk reporting often fails, he highlights the four common pitfalls and how to tackle them. Taking examples, he discusses how some leading companies improved their risk reporting through better communication, aligned incentives, etc., that we can learn from to create resilient and risk-aware organisations.
Authored by ISB Editorial