A riveting read about the Nestle Maggi noodles scandal in India. The quote from the Nestle CEO says it all: ““We were right on factual arguments and yet so wrong on arguing. It’s not a matter of being right. It’s a matter of engaging the right way and finding a solution.” Read the full Fortune article here.
What are the key risk indicators in your organisation? Culture is a key for driving performance, but it can also be a leading indicator for risks. ASIC have now confirmed that they will be looking at company culture as we can see from this article from Mondaq.
This article from Mondaq demonstrates the ability to defend a claim of negligence by being able to evidence the proactive risk management initiatives taken.
With a complex ownership structure that raises questions regarding governance process, it is not a giant leap to start questioning the culture within Volkswagen that would ultimately lead to the emissions scandal. Read more here from the Ethical Boardroom….
The food safety crisis that hit the Chipotle restaurant chain in the US provides a stark reminder of the lasting implications of significant food safety issues. This article demonstrates the impact the incident had on share price, the legal ramifications, the impact on reputation and the increase in costs that resulted.