Tag: executive accountability
Durban chemical disaster is clarion call for directors and regulators
The massive fire at the warehouse of chemicals company UPL in Durban has created an environmental disaster whose scale is still not clear, and has put the company into the headlines for all the wrong reasons. While the facts are not yet confirmed, it’s clear that the incident holds many lessons for directors and regulators across all industry sectors.
Injecting effective processes into an ineffective business system
The art of creating a ‘requisite organisation’ is to develop a strong hierarchy of accountabilities that will support effective, efficient processes and stimulate and encourage the behaviours required for sustained success. Organisations tend to morph themselves into something that hinders people from working together effectively.
