Letter - Risk management to gain new importance

Although the legal consequences for company directors are still being hotly debated, the decade-long bid to make it easier to prosecute companies following a fatal disaster took a big step forward last week.

The Corporate Manslaughter and Corporate Homicide Bill is a long-standing Labour manifesto commitment that has had many twists and turns. All those involved in protecting reputations should keep a close eye on this bill to see if it makes it through ahead of the summer recess.

If it does become law, the implications for those of us actively encouraging and designing practical, proactive risk management programmes and pre-emptive measures to demonstrate due diligence are far-reaching. Corporate communications and risk management will attain a new strategic importance in the boardroom.

Chris Woodcock, MD, Razor.

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