If we have one job as CFOs, it's protecting the value of our companies. One of the most insidious threats to corporate value is sudden disruption from events like fire, hurricane, flood, earthquake or cyber attack—disruption that is ostensibly insured. We tend to be vaguely aware of this risk, but rarely do we put numbers to it.
While acquisition strategies are an essential part of fuelling future growth, the risk implications are often extensive. The acquiring business must address these throughout the transaction and subsequent integration process.
Australia’s resources sector has bounced back in 2018. This is great news for a cyclical industry that’s been through a tough spell but the upswing has an impact on risk profiles that must be taken into account.
Amid sombre tributes to the 70-plus people who lost their lives in the Grenfell Tower fire this time last year, questions are emerging about the speed and coordination of Australia’s response to cladding issues that contributed to the disaster.