Two weeks ago, I mentioned the FM Global report, “Flirting with Natural Disasters: Why Companies Risk It All.” Among other findings, the report examines the role that psychology plays in BCM efforts (and more specifically, natural disaster preparedness).

Last week, I followed up with Ruud Bosman, FM Global’s vice chairman of the board of directors, to ask him several questions about the report:

Eric Krell: What prompted you to raise this issue – the psychology of human nature’s role in natural disaster preparedness efforts – in a report?

Ruud Bosman: Year after year, human factors are the direct or indirect cause of at least 70 percent of business and commercial property losses. It was compelling for us to look at such factors in the context of business leaders’ perceptions when it comes to preparing and protecting their operations against natural disasters. The often devastating aftermath of natural disasters is well-known and expected, so it is striking that many companies often do not pay more attention to loss prevention. more

Will I see you at the Lean Accounting Summit in Las Vegas, on Sept. 21-22?

This year’s Lean Accounting Summit – my session takes place Tuesday and is titled “Creating Lean Future Ready Companies” — marks the fifth anniversary of this event. Lean Accounting can help you add more value in two ways. First it can show you how to make your organization more efficient. Second, it shows how accounting can, and should, change to become more effective. more