Topic: The Legality of Risk Management
1) Assume the role of a chief executive officer.
2) Research a legal case associated with risk management. The case could have occurred in your organization or be found in a literature review.
3) Analyze the case.
4) Identify the pertinent facts and the case's outcome, focusing on the Financial implications or consequences.
5) Include a description on the existence of a standard of care, duty to meet the standard, failure to meet the standard, and damages that ensued.
6) Provide the case's outcome.
7) Answer the following questions:
- What would you do if you were in charge of the issue?
- What could the organization have done to avoid the event?
- What risk financing techniques could have been helpful in avoiding this event?
- What may the organization do to prevent the occurrence from happening again?
850 to 900 words plus separate exec summary file.