
Market discipline, contrary opinion and scoreboard solutions 185
䊏 Consider alternatives to op risk control
䊏 Experiment with options, and
䊏 Examine proactively results expected down the line.
The great leaders of industry have always encouraged diversity of opinion. They
have promoted conflicting views among their immediate subordinates – and have
wanted to see a dialog between different viewpoints, and therefore between
conflicting judgments.
Effective decisions are not made by acclamation, and this is equally true of
optimization of operational risk controls. Therefore, a scoreboard solution worth its
salt should promote diversity of opinions up to ...