by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
I know that I am a bit late with this, but as they say – better late than never.
A few weeks ago we “sprung” our clocks forward an hour in anticipation of spring. The moving forward of the clocks is always a great event as it signals that the sunshine is starting to last longer and longer, and within a few short weeks that after-dinner walks will be done in the sunlight, rather than the darkness.
The springing forward is also used as an event by the fire departments to remind us to test our smoke alarms and change their batteries. Risk managers should do this as well. What parts of your risk management system – that you hopefully never use – need to be tested and have their batteries changed? Perhaps spring forward time would be a good time to do a quick run through.
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