Effective Sustainability Management
From Top to Bottom
Abstract
Boards of for-profit organizations have two very basic objectives. The first one, about capturing the full financial potential of the company's business model, is often analyzed, reviewed, debated, and stated clearly. The second and equally important objective, about sustaining a going concern, may be discussed but is rarely analyzed, debated, or stated explicitly because there hasn't been a way to measurably establish it. A PML-based approach provides a sound foundation for this critical objective. Understanding components of total PML leads to the development of effective solutions to manage the tail risk of a financial institution. An example shows how PML-based ...
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