The Secret to Great Enterprise Risk Management? Read Yertle the Turtle

Mark Ohringer, Global General Counsel, Jones Lang LaSalle Incorporated, USA

Most companies now have fairly extensive enterprise risk management programs. Public companies even have to discuss in their disclosure documents how their programs work. But they obviously aren’t working all that well, are they? Think massive oil spills, rogue trading at banks, toxic derivatives, crashed law firms, a cruise ship lying on its side. People killed, seas fouled, financial systems brought to the brink, careers ruined, pensions trashed. And that’s just in the last few years.