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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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LEADERSHIP PART TWO: Defining Acceptable Risk Levels and Providing the Right Resources for Mitigation

Leadership matters.

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”


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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- November 14, 2017, Houston
- March 2018, Asia
- June 14, 2018, London
- September 2018, New York
- November 2018, Houston


- November 8, 2017, Vancouver
- February 8, 2018, Calgary
- November 14, 2018, Houston


- January 25, 2018, Houston

Please Note: Registration by invitation only. Please contact Pilko & Associates for more information by clicking here.

Our TRANSACTIONS VALUE ROUNDTABLE an invitation-only 1/2 day event, designed to assist you in increasing control of your transaction risks.

Preceded by a hosted Networking Reception the evening before, the format is a private Roundtable designed for unscripted, lively discussion about the current state of deal markets and frank conversations about what buyers and sellers are doing to get deals done.

Network, cultivate and strengthen relationships with 24+ senior Deal Leaders and Deal Advisors in the energy and chemical industries by co-sponsoring our Transactions Roundtable, held throughout North America, Europe and Asia. For more information, please email events@pilko.com.

We help companies increase risk control. Contact us to see how you can use our OPERATIONAL/EHS GOVERNANCE FORUM to help your business increase control of operational and EHS risk.

The OPERATIONAL/EHS GOVERNANCE FORUM is a members-only service that brings together energy and chemical companies four times annually for a half-day discussion on business and operational risk management topics.

The number of participants is limited to an exclusive few to allow a robust and free flowing exchange of ideas. Participants are a mix of Outside Directors, Corporate Officers and Heads of EHS. The frank interplay between individuals from these different functions has been invaluable for our members. For more information, please email events@pilko.com.


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.


Bringing operations, EHS, and transactions risk control to corporate officers and boards in the energy and chemicals industry.



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