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The Satarla Newsletter - February 2020

Welcome to our February Satarla Newsletter: 
Risk Perspectives and Predictions

This month we continue with the theme instigated in January:  Risk Perspectives.  We view this through the lens of a selection of the many risk prediction reports released in the last month - each of which gives its own opinion as to what might impact on our world in the next year.  

Our life sciences team led by Dr Michael Malone and mining team led by myself, highlight some key risks to keep an eye out for, and Mike Lutomski, Norman Gridley, Keiran Doyle (some of our newest Associates) share their thoughts on what risk management means to them.  Satarla Australia Director Gareth Byatt takes a look at how culture influences risk management and results. 


CEO Satarla


Perspectives and Predictions in an Uncertain World 
A summary of 2020 global risk reports 

It is that time of year when the predictions for the year ahead are published.  From the World Economic Forum’s annual Global Risk Report, to the more focused predictions made by specialist consultancies and data intelligence providers, a wealth of organisations take on the challenge of predicting what might happen in our uncertain world. 

Click here to read the full article on our website.


Life Sciences Risk Outlook

There is an ever-increasing rate of change in the macro environment which has a direct or indirect impact on the life sciences sector.  The following article is a top line view of what we believe are key areas of risk for companies within the life sciences sector in 2020 and beyond.

Click here to read the full article 


Risks in the mining sector
A selection of predictions for 2020 

Our mining associates kindly provided their thoughts on what they anticipate to be some of the largest, and perhaps more complex risks to the mining sector in the coming year. 

Click here to read the full article.

Risk Perspectives from Around the World
USA - Ice Climbing 

Mike Lutomski, ex NASA and SpaceX and now Satarla Associate, speaks to us from snowy Ouray Colorado about his perspectives on how knowing and trusting your personal risk tolerance levels can keep you safe. 

Watch Mike's short video here.

Chile - Mining 

Norman Gridley, a Satarla Associate and Environmental Engineer, joins us from Santiago, Chile to discuss his perspective on risks within the mining industry in Chile, and how they are managed. 

Watch Norman's short video here. 

Cornwall - Mining 

Keiran Doyle, one of our Satarla Research Associates, explores risk management in Falmouth, Cornwall and how a standardised, enterprise wide approach is applied by some of the larger firms operating in the area. 

Watch Keiran's short video here.

Culture perspectives and risk management  

Gareth Byatt Director of Satarla Australia, recently authored a paper focused on how culture influences risk management and results. In this insightful article. Gareth explains how organisations with a good company culture are better at managing risks as they set more achievable goals and objectives. Organisations with a less favourable company culture tend to propagate fear, making it difficult for employees to challenge objectives leading to less robust decision making.

To read the full article, visit the Risk Insight Consulting website


Upcoming training courses and events

Make sure you sign up to some of our training courses and free events in 2020.  The team has been working hard to put together a fantastic selection of face-to-face as well as online courses, tutorials and information sessions. 

Face to face courses and events held in our London training centre include:

- Introduction to Risk Management 2 x day course on the 25th and 26th March

- A free evening roundtable discussion on complexity modelling convened by Mark Turner

- Risk Perspectives series - Through the eyes of an Ocelot with Harry

Online tutorials are already scheduled with many of our private clients, many of which we will also be running publicly.
For more information, check out our training course page:

Risk Management Behavioural Research
Have you ever wondered what personality traits best support the work of governance, risk management and assurance practitioners? A&P Advisory are conducting research in this field and have commissioned a survey to better understand the personality traits of risk practitioners. The survey only takes 5 minutes to complete, submit your responses before it closes on the 21st of February 2020.

Respond to the survey here.

Read More
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