You don’t just marry your spouse; you marry a family. The same holds true in corporate mergers and acquisitions. You don’t just buy a company, you acquire their culture, risk, and future potential of both. And just like in a marriage, some things don’t come to the surface until that third or fourth family reunion.
When an organization gives one of their human resources a task, how often is a risk assessment done? The answer is: it depends. When firefighters are asked to enter a burning building, the person in charge first assesses the risk to his people. When the engineers at the Japanese nuclear plant had to re-enter the facility to prevent a meltdown, a risk assessment was also completed before that. However, when most organizations fly their sales guy to South Africa, or get the young clerk at the gas station to close up the shop at night, rarely do they consider all the risks.
Established in 1995, First Reference Inc. (known as La Référence in Quebec) provides Canadian organizations of any size with practical and authoritative resources to help ensure compliance.