The Management of Risk

Colin Read
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Colin Read: SUNY College

Chapter 16 in BP and the Macondo Spill, 2011, pp 143-150 from Palgrave Macmillan

Abstract: Abstract The principal-agent tension between the company man and the contractor may actually create a healthy dialog that biases decisions toward safety. However, decisions must inevitably be made that provide some balance between reward and risk.

Keywords: International Standard Organization; Deepwater Horizon; Safety Case; Offshore Drilling; Blowout Preventer (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30508-3_16

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DOI: 10.1057/9780230305083_16

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