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The Chaotics Blog

Stress Tests - A Corporate Necessity for the “New Normality”

By John Caslione in Business in Society, Business strategies, Chaotic Strategies, Recommendations at May 21st, 2009

Based upon the recent news in the US about the US Treasury Dept mandating stress tests for US banks (with at least 50 percent of the banks failing the tests), so should Boards of Directors of ALL companies - publicly traded or private, large and small - apply their own stress tests and compel the executive management of their companies to be responsive, robust and resilient - a type of “Chaotics certification”. This is especially compelling as many markets (including the US and the EU) attach personal liability to directors who fail to act responsibly in their duties as directors.

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