Managing Energy's Biggest Risk: LeadershipJust when it seemed that the role of energy CEO couldn’t become any more complex or demanding, it did. Macondo, Fukushima, Keystone, Iran, the Arab Spring, and the rise of unconventional plays, offer only the sparest shorthand for the risks, regulatory blowback, and geopolitical uncertainties that now dominate the agenda of the energy chief executive.
In the past, driven by a relentless search for value, energy CEOs devoted much of their time to strategy. Today, CEOs tell us, they spend far more of their time dealing with external stakeholders, making sure the voice of the industry is being heard by governments around the world and managing boards that have become highly risk-averse, short-term focused, and even bureaucratic.
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