I am currently advising a board whose company is a target for a terrorist attack. Many other companies in transportation, utilities, defense, property development and financial services could take a page from below. Here are six areas for boards to focus on to prepare for a possible terrorist attack.
The actual risk of young people getting melanoma is tiny compared with the risks of everyday activities that we don't think twice about allowing kids to engage in. We could prevent far more teen deaths and injuries by outlawing teenaged skating, swimming and driving than by outlawing teenaged tanning.
When interests between management and shareholders become adverse, even through the regular course of events, it is important for boards to have their own set of lawyers who are independent from management and seen as objective and willing to act in the interests of directors, not management, and ultimately shareholders.
Rather than make a resolution that you'll end up forgetting or failing at, make one that sounds exciting and dramatic, something that is achievable, fun, but also something that will push you out of your comfort zone, allowing you to become (even slightly) a better person. It is this change that is your reward.
While Principal Protected Notes become more enticing when in we're engulfed in an environment of uncertainty, they are still not widely understood. The key flaw in these products is that they blur what is the most fundamental decision an investor must make -- whether or not to take risk and, if so, how much?