In June, Enterprise Risk Management Lecturer Celia Kapsomera participated in a panel discussion, “How to Think About Risk Management from a Multi-Disciplinary Approach.” The panel explored how companies responded to COVID-19 and what they learned. What lessons can we draw so that we deal with future pandemics effectively? The International Career Advancement Program (ICAP ) Fellows sponsored the panel discussion.
The questions to the panelists included:
- What have we learned regarding supply chains?
- How are organizations thinking about charitable giving in a post-pandemic environment?
- What are some lessons for insurance companies?
- What are the fundamental issues when working on Diversity, Equity, and Inclusion (DEI)?
In the answers to these questions, we learn about what is happening and what must be considered for responsible planning and risk management. And we learn of things you may not have considered, such as that "just-in-time" planning may not have an optimal risk to reward ratio because of its fragility; charities must align their investment horizons according to the projects they wish to fund; insurance companies can influence corporate risk-taking by putting a price on risk; and Equity and Inclusion are goals that require time, more so than funding, to win the hearts and minds of people in organizations.
