Pilko & Associates News and Events
Browse our latest, newest Grey Paper or “Did You Know”, bringing information and insights, and events where you can learn more on how to increase control of operational, EHS, and transaction risk.
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NEW GREY PAPER: LEADERSHIP PART TWO
LEADERSHIP PART TWO: Defining Acceptable Risk Levels and Providing the Right Resources for Mitigation
In our industry, leaders set the tone for understanding, mitigating and controlling Operational and EHS Risk every day. What you choose to do, or not do, significantly impacts the viability and profitability of the business. An issue is answering key questions around acceptable risk and tolerance and putting the right resources in place to mitigate unacceptable risk before an incident happens.
Pilko & Associates brings you the second of a four-part Leadership Grey Paper series. In this paper, we present five leadership challenges surrounding the definition, assessment, prioritization and mitigation of risk. Learn how to:
- Define and prioritize acceptable and unacceptable risk
- Apply proper financial resources toward mitigation
- Prepare human resources to identify, assess, prioritize and mitigate risks
- Establish realistic timelines for risk mitigation
- Celebrate the avoidance of risk and potential incident
Best-in-class leaders continually improve their leadership capability and organizational ability. They seek the correct answers, processes, methods and resources to control risk in order to limit or eliminate impact to people, assets and the business. This latest Grey Paper is based on over 35 years of helping energy and chemical leaders find and mitigate Operational and EHS Risk around the World. Why not learn from others' mistakes and successes in order to contain and control your Operational and EHS Risk? You have nothing to lose and much to gain.
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Pilko & Associates “Did You Know”
JULY 2017: THE IMPORTANCE OF A RISK CONTROL CULTURE
Today the subject of “risk culture” and the role that a lack of risk culture played in the financial meltdown in 2007/8 is a heavily discussed topic. Having a culture that understands risk and makes the right decisions at all levels in the organization is critically important to Operational Risks such as fires, explosions, leaks and spills, and fatalities. Publications by Andrew Hopkins on the Texas City Refinery explosion and the Macondo well blowout, as well as Chemical Safety Board disaster reports, all agree that the ability of an organization to learn from their and others’ mistakes to improve risk control is one of the keys to prevention.
Organizations that don’t have a culture of learning from mistakes – or learning from information and expertise at the front line – increase enterprise risk. At the same time, rank-and-file employees often have greater insight into potential risks than senior leaders, who are far removed from most Operational Risks due to the nature of their positions.
What is your risk control culture? And how open, transparent and honest is your organization in the identification, analysis and mitigation of risk? The future of your people, your shareholder value and your business is at stake.
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Global advisors to chemical and energy companies on Operational and EHS risk control for acquisitions, mergers, joint ventures and divestitures.
Our global footprint includes advisors in 32 countries across six continents. We continue to grow our global presence to be where you need us to be.
We have hosted 59 invitation-only Transactions Roundtables in Asia, Europe and North America since 2001.
PILKO & ASSOCIATES
Bringing operations, EHS, and transactions risk control to corporate officers and boards in the energy and chemicals industry.