Country Risk Management in the C-Suite
Posted on Aug 3, 2010 in Articles | 0 comments
Not long ago the CEO of a major U.S. multinational corporation asked his risk manager to provide a recommendation about whether the company should invest $78 million in wind farm in a country in Central America. The risk manager asked the underwriting team to analyze the risks and revert with a recommendation. The underwriting team asked the company’s country risk manager for his view, which was that since the country in question was unstable, left leaning, due for an election in several months, and weak financially, he recommended against making the investment.
