“Crisis Management Lacking: Experts”
In an article in the July 23, 2009 issue of The Japan Times, Booz & Company Partner Shigeo Kizaki (Japan) said that crisis management should become another key factor for shareholders’ evaluation of corporate executives’ performance. His remarks came at a Tokyo symposium in which government and private-sector experts agreed that crisis management must be institutionalized in government policies, corporate management, and citizens’ way of life, especially to cope with new threats to public safety. Though Japan has a reputation as a country whose government, corporations and citizens are fully prepared for natural and man-made catastrophes, Kizaki and other experts said that is not necessarily the case. “Politicians, bureaucrats and business executives should be more sensitive to and be more aware of the new forms of threats to public safety,” Kizaki said.