Crisis management
Legal, regulatory and reputational problems exist in a brutally factual environment. Working out a solution, often at high speed, and then seeing it through is what we do.
And of course getting it right, which is often securing the least bad outcome from a range of very bad outcomes.
What might this involve?
✔ settling litigation on satisfactory terms before it goes public
✔ dealing with aggressive regulatory investigations quietly but effectively
✔ handling cases of major fraud and police enquiries
✔ diffusing corporate malfeasance with customer and market impact
✔ approaching internal and external stakeholders to prevent fall-out
✔ managing allegations and adverse media comment
✔ implementing a coordinated and compelling communications strategy
✔ directing immediate remedial action
✔ conducting yourself with tact and dignity
These are part and parcel of effective crisis management. You are not born with any of this expertise.
Coordinating the internal and external skills and talents necessary to deal with a crisis requires grey hair, bitter experience and a cynical view of human nature. Skepticism and a low tolerance for drivel and hogwash also help when everyone is hiding behind furniture or running for the exits.
Your Internal Audit Team can’t do this. They can answer the question “what happened?” but not the question “how do we fix this?”.
Want to prepare in advance for the wilderness of mirrors?
Want to learn how to prevent a drama from becoming a crisis?
Or you’ve got one coming in the door right now?