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Risk Homeostasis Theory–Why Safety Initiatives Go Wrong

My favourite quote is in relation to racing drivers on normal roads and why they have more crashes and get more fines: “At their level of skill, driving like an average driver may be intolerably boring. Imagine being a master of Beethoven and all you are allowed to play is “Twinkle, twinkle, little star”! (Wilde, …

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ISO 31000 and Enterprise Risk Management

ISO 31000 and Enterprise Risk Management After the International Organization for Standardization (ISO) introduced the “Risk Management: Principles and Guidelines on Implementation” (also known as the ISO 31000) in 2009, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) updated their Enterprise Risk Management (ERM) standards written in 2004 to reflect new information introduced …

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