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Aigars Milts, Chief Executive Officer of IIZI Brokers
The international and local practitioners and academics addressed the topics of risk management and business ethics at and AmCham-RBS joint conference.
Dr. John Hampton, a Professor of Business at St. Peter’s University in New Jersey and a principal in the Princeton Consulting Group elaborated on effective risk management practices drawing upon the case studies of Jet Blue Airways and U.S. Airways. Dr. Hampton emphasized: “If it ain’t broke, fix it anyway”, thus urging businesses to be prepared for crisis situations. “You cannot quantify black swan events, but you can reduce their impact,” he said.
Dr. Atis Zakatistovs spoke on practical business ethics and risks related to human nature. According to him, fraud awareness is very important in business.
Marcis Pumpurs of SECCREDO shared his experiences about various approaches to risk determined by the business culture one operates in. The Baltic business practices in relation to risk management differ from those in the Nordic countries – there is a tendency to rely on a positive outcome and ignore possible negative consequences. His advice was: get yourself prepared, adopt best business and social responsibility practices.
Sponsored by AON Baltic
To view the presentation of Dr. John Hampton.
To view the presentation of Dr. Atis Zakatistovs.
To view the presentation of Marcis Pumpurs.
More about speakers
Dr. John Hampton, St. Peter’s University in New Jersey, USA
Dr. John Hampton is a Professor of Businessis at St. Peter’s University in New Jersey and a principal in the Princeton Consulting Group. He is a visiting professor at Saint John’s University (New York) and the International School of Management (Paris). He was Executive Director of the Risk and Insurance Management Society (RIMS) (2000 to 2004.) and dean of the schools of business at Seton Hall and Connecticut State universities and provost of the College of Insurance in New York City.
Dr. Atis Zakatistovs, Consultant at i-bloom, Lecturer at Riga Business School
Dr. Atis Zakatistovs is a change and knowledge management consultant to companies in Latvia and abroad. He has also served as a consultant to government institutions in Latvia and Canada. Previously he has been teaching in University of Ottawa, as well as McGill University in Canada.
Marcis Pumpurs, Managing Director at SECCREDO
Mārcis Pumpurs is a consultant in the area of Business intelligence and investigations. He has obtained additional training in the Technical security and Crisis management. From 2009 he is Head of the Baltic operations of International consulting company Seccredo. He was senior consultant at SIA Seccredo from 2006 to 2009. Previously investigative journalist working in field of Criminality in dedicated print media and documentary TV programs. Participated in development of communication strategies for Criminal Police of Latvia; Open source information content analysis of widely known criminal cases for Criminal Police of Latvia.
We are very pleased to be part of AmCham and are looking forward to driving innovation forward in Latvia.
Mikko Fernström, General Manager, Biogen Latvia