RANE Podcast Series
RANE Insights: Special Episode for the 2024 RANE & NASDAQ Risk Summit: Fireside Chat with James Brady-Banzet, Partner and Thomas Bednar, Counsel at Cleary Gottlieb
Sep 23, 2024
In this insightful discussion, James Brady-Banzet, a partner at Cleary Gottlieb, and Thomas Bednar, counsel at the firm, dive into the intricacies of crisis management for corporations. They highlight the importance of a global crisis management handbook and effective communication during crises. The duo emphasizes how organizations must adapt their cybersecurity strategies and engage proactively with regulators. They explore the evolving threats from AI and the need for comprehensive training and structured responses to safeguard organizational reputation.
49:29
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Quick takeaways
- Global organizations must adopt a coordinated crisis response strategy that encompasses varying legal standards across jurisdictions to effectively navigate complex international issues.
- Proactive crisis management planning, including scenario exercises and engaging experienced professionals, is essential for organizations to make informed decisions during high-stress situations.
Deep dives
The Importance of Global Crisis Management
Global organizations must address crises that are no longer confined to single jurisdictions, as such situations can quickly escalate across borders. The podcast emphasizes the necessity for a coordinated response that considers varying legal and regulatory standards in different regions. Organizations often face traps if they focus solely on their domestic situation without recognizing the international context. A thorough understanding of how crises can spread helps ensure that companies navigate complex multi-jurisdictional issues effectively.
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