MM&A has filed for bankruptcy protection in both Canada and the ‎US recently, a month after the Lac-Megantic disaster. The cost and ‎consequences are significant when a major incident like this ‎happens. MM&A is paying the ‎ultimate price for not being ready.

Boards and Executives should ask themselves whether ‎they have an ongoing, systematic and effective Risk Management process in place. A process that reduces the impact and likelihood of such circumstances from materializing, and also to effectively deal with one if and/or when it strikes.  ‎