How to respond to catastrophic events
1. What’s the issue?
40 years of Black Swans
The unexpected and catastrophic nature of a black swan event requires a flexible response to minimize impact and enable a rapid recovery.
Our principles and protocols are designed to aid:
- Chief risk officers implementing event-response processes
- Chief operating officers leading the event response
- Chief executive officers and boards of directors overseeing the event response
This executive-level involvement provides a broad, impartial perspective. It coordinates the deployment of necessary resources for combating these significant events.
While any organization can face such an event, those with a higher potential to be challenged include:
- Nuclear power plants
- Oil refineries
- Oil and gas extractors
- Chemical plants
- Hazardous-waste transport and storage facilities
- Aerospace and defense companies
- State governments and federal agencies, including the military
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Answers to your questions, at a glance
Prepared for the catastrophic black swan?
- "Black swans" are unexpected, unpreventable, and catastrophic events. These guidelines can help guide your organization's response to recover as quickly and effectively as possible.