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Individual - Risk Article: Difference between revisions
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*'''The {{risk|firm}} has NO conscience''': No matter how often we tell ourselves it has a corporate [[legal personality|personality]], responsibility and “conscience”, ''these are '''fictions'''''. A firm has no personality other than the one that emerges from the individuals comprising it. Ouija board style.<br> | *'''The {{risk|firm}} has NO conscience''': No matter how often we tell ourselves it has a corporate [[legal personality|personality]], responsibility and “conscience”, ''these are '''fictions'''''. A firm has no personality other than the one that emerges from the individuals comprising it. Ouija board style.<br> | ||
Just as the evolutionary fitness of an organism can only be explained by the reproductive capacity of its genes, so the fitness of an {{risk|firm}} is a function of the survival instincts of its employees.<br> | Just as the evolutionary fitness of an organism can only be explained by the reproductive capacity of its genes, so the fitness of an {{risk|firm}} is a function of the survival instincts of its employees.<br> | ||
===Risk controllers=== | |||
For employees who are part of the infrastructure rather than revenue generation – that is, most of them – there is a sharp asymmetry. They are not rewarded for ambition or risk taking – that is not your job, and to be incentivised that way would be a significant [[conflict of interest]]. But nor are they rewarded for ''actually avoiding {{risk|risk}}s'' – a bad outcome that did ''not'' eventuate is not just [[the dog that did not bark in the night-time]], it is part of the infinite set of possible but non-existent events. | |||
{{ref}} | {{ref}} | ||