Tag Archive for: moral hazard

Compliance Officers as “Ministers for the Future”

In The Ministry for the Future, science-fiction writer Kim Stanley Robinson draws a truly harrowing picture of the cataclysmic harm that climate change could inflict on our planet in the not-so-distant future. His tale is also about…

Include Moral Hazards in Your Company’s Risk Assessment

Perhaps the most consequential example of moral hazard in our lifetime concerns climate change. Notwithstanding its name, the concept of moral hazard originally had little to do with morality. Rather, it referred to the phenomenon that providing…