Document Type

Article

Publication Date

2006

ISSN

1443-8844

Publisher

IPSO Australia

Language

en-US

Abstract

Risk management develops as the need arises. Usually after an accident people want “authorities” to do something. On the other hand, industry wants predictable behaviour of authorities to be able to judge the soundness of their investments. This led to an adaptive process involving many decision makers embedded in legal and cultural heritage. It was indeed as struggle to determine who should be responsible and how to have risk management done by competent party (i.e. (1) industry, (2) public (3) authorities).

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