Weather hits utilities

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See class and model on asset strategy and a paper and model on risk/resilience, for my colleague and utility expert Bob Thurlby. More …

Recent bad UK weather has caused another round of severe damage and disconnections for households and businesses. For suppliers, increasingly frequent and serious events pose major challenges. These concern not just how to respond when events occur, but also how to set a mid- to long-term strategy for most reliable service, most resilient to ...

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Where’s the Board?

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We’ve seen a few gung-ho CEOs mess up, especially but not exclusively in banking, but ‘Boards of Prevention‘ in strategy+business asks what the heck the supervisory Board is doing to let such nonsense happen. If they are not warning about risk, they are just overhead. Though the article largely focuses on risk in banking, some simple principles seem more generally useful [let’s call them ‘threats’ to generalise beyond banking]:

  • Give the Board an explicit threat manifesto – how to assess and respond to threats to the business ...
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