Risk and Developers

After Hurricane Harvey, Houston residents could be heard asking, “What building developer would decide to build houses in a flood plain?” “Why would a City Official push such a project?” “Who would buy a house there?” “How would they ever get insurance?”  Similar discussions in flood-prone areas in Florida.

“Homes Were Built Despite Documented Lava Threat,” The Wall Street Journal, May 29, 2018 A3.  Affordable homes were built in an area with a history of lava risk.

Did we have any controls in place?  How were these controls implemented?  How many of them failed?  Who is responsible/accountable?

Next thing you know, we’ll rebuild houses in the same site.  Somebody else will pay for it.

If you always do what you’ve always done, you will always get what you always got.

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Filed under Communications, Controls, Corporation, Duty, Duty of Care, Governance, Government, Oversight, Supervision

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