When politics intrudes: why political risk is important

When: 20th Jul 2017, 18:30 - 20th Jul 2017, 21:00
Where: BCS, 1st Floor, The Davidson Building, 5 Southampton Street, London, WC2E 7HA
Town/City: London
Organiser: BCS Consultancy Specialist Group
Price: BCS, CMI & IC Members £12.00, Non-members £18.00
Further Information: Further Information

Speaker:
Chris Goostrey

Details:

A range of potential risks confront all consultants working internationally but one that tends to be less well understood, but which is growing in significance, is political risk. This event will cast light on some of the issues involved and explain why political risk needs to be taken more seriously.

With internet access and globalisation it has never been easier for businesses to engage internationally, or develop dependencies on supply chains in non-traditional or emerging markets. Almost without exception these are markets where political issues are likely to be just as important as economic developments. In some lies the potential for great instability.

Apart from large multinationals many businesses have tended to neglect political risk, perhaps because all looks deceptively quiet or, being unquantifiable, it is too difficult to factor in. Trends and even disruptive change in the political context are not, however, random events and can often be predicted with reasonable accuracy allowing workable mitigation strategies to be put in place.

This event will explore the nature of political risk and why it is more than ever relevant to business decision making, and will draw on case studies to illustrate key points.

Topic areas will include:

  • what is political risk?
  • why it is relevant
  • what difficulties it presents
  • how might these be overcome
  • some of the key challenges ahead.

Chris Goostrey is a consultant on political risk, specialising in Russia, North East Asia, and the Middle East. He had a 22 years civil service career, mainly in the Ministry of Defence, but then culminating in a number of roles supporting the Foreign Office conflict prevention strategy, many in unstable parts of the world.

Formal presentations and interactive activities will start at 6.30pm and run until 8.00pm with Q&A, networking to follow.