This Global Directors’ & Officers Survey Report is an interesting read.
(Check it here.)
This annual survey maps key risks for Executives and Boards across industries and risk topics. For the first time, health & safety risk is their number 1 priority.
Health & Safety has always featured in the top 7 risks, but I’m curious why the global risk landscape elevates health & safety to the top.
Have Executives and Boards suddenly awakened to this?
Is there a global driver for health & safety to be elevated? Because it’s not just one country or industry, it’s across the board.
Is it increased regulatory intervention, fear of personal lability or just increased morality to do the right thing?
Whatever the driver(s), I’m happy this has global visibility. It would be awesome if Executives and Boards retained their focus to make work physically and psychosocially safe for workers. I’m a firm believer that good safety aids good production.
The report goes on to focus on insurance against these risks, but it’s important to note that, in Australia, insuring oneself against safety breaches is unlawful and the Work Health & Safety laws are moving towards specifically preventing it. Something for other jurisdictions to consider.
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