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Corporate Governance: Principles, Policies and Practices, 3e by A.C. Fernando

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Case Study 11

Worlds Worst Man-made Disasters

(I) CHERNOBYL NUCLEAR DISASTER
The Unfolding of the Tragedy

At 1.23 a.m. on 25–26 April 1986, the world’s worst nuclear power accident occurred at Chernobyl in the former USSR. The Chernobyl nuclear power plant, located 80 miles north of Kiev, had four reactors and whilst testing reactor number 4, several safety procedures were disregarded by the workers. This caused a chain reaction in the reactor that went out of control creating explosions and a fireball blowing off the reactor’s heavy steel and concrete lid. The accident killed more than 30 people immediately, and as a result of the high radiation levels in the surrounding 20-mile radius caused by the accident, 13,500 people had to be evacuated. ...

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