The 2008 HBOS Rights Issue
In April 2008, HBOS was on life support when, in a last throw of the dice, the Board decided to launch a rights issue to raise some £4 billion in capital. This was a spectacularly ‘bad’ decision, not because the issue was a complete flop with just over an 8% take-up, but because the prospectus that the Board approved was to put it mildly a ‘work of [half] fiction’, particularly as regards the level of provisions for credit defaults.
Continue reading “Board-Level People Risk – the HBOS Rights Issue” →
The Centre for Risk, Banking and Financial Services at the Nottingham University Business School has obtained funding from the Economic and Social Research Council (ESRC) to run a series of seminars on People Risk.
The next seminar in the series is on 8th October 2014 at Glasgow Caledonian University , on the topic of “the challenges for research and practice in ‘people risk’ management within the domains of aviation and the health sector”.
Continue reading “People Risk – Research” →
What is Groupthink?
Groupthink is one of the most widely-used but least-understood terms in Business . We all know that Groupthink refers to the tendency of a group to coalesce around a common position, for example a Board of directors on a corporate strategy or senior management on a cost-cutting program. It is what groups do after all, otherwise they will break up in conflict.
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This blog is dedicated to the study of People Risk Management (PRM), a topic that cuts across multiple disciplines: Risk Management, Human Resources, Corporate Governance, Behavioral Psychology, White Collar Criminality and Health & Safety.
Continue reading “Welcome to People Risk Management” →