This report, produced by Cass Business School on behalf of Airmic and sponsored by Crawford and Lockton, investigates the origins and impact of over 20 major corporate crises of the last decade.

Airmic is pleased to have commissioned this important piece of research, which highlights the critical role of boards in the effective oversight of risk management within their organisations. The report demonstrates, through the case studies, that risk is at the heart of strategy, and that boards and specialist risk functions must work more closely together to avoid or mitigate the catastrophic consequences of events.