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ways going to be choppy, argued that country officials had no choice but to continue to modernize and adapt their economies or otherwise fall behind and fail. Other country leaders cited additional perils that required still more measures. Indonesian President Susilo Bambang Yudhoyono worried about emerging conflicts over food, fuel and water that threatened to elevate private greed over public need. Russian President Dmitry Medvedev warned of the continued fragility of our condition, brought home just days before by a devastating explosion in the Moscow airport. But he, too, cautioned that the economic recovery was not yet plete. Many tend to speak of the end of the world financial crisis, he stated, but it is quite obvious that it is not all that simple. While the crisis has sobered up everyone, we have coped with only one part of the symptoms of the crisis, and so far we have not found a model for growth. Symptomatic of the heightened awareness of risk management, the Prime Minister of Japan, Naoto Kan, referenced the English utilitarian philosopher Jeremy Bentham39。原文 : Report from Davos: Risk Management Survivors Offer Cautionary Tales Wharton management professor Michael Useem joined heads of state, politicians, CEOs, celebrities and others at this year39。s World Economic Forum in Davos, Switzerland, where, he says, the mood seemed to be one of muted optimism. But, as he points out, there was also a recognition of how much still needs to be done to prevent the kinds of catastrophes both natural and created that changed the lives of so many individuals over the past two years. Useem, director of Wharton39。s principle of creating the greatest happiness for the greatest number. In an era in which the downsides of risk have bee more severe, he said that the Japanese government under his leadership, by contrast, would stress policies that generate not the greatest happiness but rather a society with the least unhappiness for the greatest number. Building a Learning Network Given the global financial crisis and the devastating events in Haiti and the Gulf, it came as no surprise that the World Economic Forum, under the continuing leadership of founder Klaus Schwab, turned the spotlight at this year39。s preparation). At the top of the report39。t charge, evidently because even a small cost led survivors to use less water in personal hygiene and food preparation. While charging a nominal amount for potable water made good economic sense, the experience here called into question whether it made public health sense. Redesigning the Board The governing board is potentially one of the most pivotal places for the introduction of risk management practices in the view of those attending an annualmeeting session on Redesigning the Board. Chaired by Berkeley professor Laura D39。 Rice。 Kevin Kelly, CEO, Heidrick amp。 Davide Serra, managing partner of Algebris Investments, and Daniel Vasella, chair of Novartis. Leaving aside the question of whether pany boards contributed to the recent financial crisis, the boardroom could serve as a barricade against the next crisis if properly redesigned. The board39。s improvement. Another director with extensive boardroom experience found that the one best question to ask of each director about the others is, If you were the only shareholder of the pany, would you want this person on the board? If well redesigned, pany boards can thus help their panies in a race to the top building longterm value and avoiding excessive shortterm risks rather than permitting a race to the bottom that had driven some panies into the cauldron of the crisis. In another session, JPMorgan Chase CEO James Dimon reported that his own board had played just such a