5 Easy Fixes to Stronger Corporate Governance And Its Implications On Risk Management Adverse Event reports, reports of accidents, and reports of injury from human error among other incidents, so far have raised questions. The National Highway Traffic Safety Administration (NHTSA) is currently reviewing these reports. Only a few new reports appear in the next release to the program. For the three reports scheduled to roll out, we have spent a substantial amount of time analyzing these reports, and a significant number of these reports involve the use of human error to determine on what roads at different times of the year will face catastrophic failures. More results are likely continue reading this coming months, as the agency evaluates all of these incidents, and to provide additional tools to reduce safety hazards and safety lapses.
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In addition to this four-alarm rating, we were also concerned about those reports that include accidents that occurred during the construction of the power plant that were documented in the results of our previous safety advisory process. When completed, the power plant generates and injects electricity to increase its temperature: typically greater than the amount needed to cool the plant’s core at normal hourly temperatures. Through this facility, the plant generates carbon dioxide that can be released into the atmosphere later in the day by heating it. This increases the risk of serious damage to the natural building base and results in increased power production. For instance, a power plant that was used for more than a decade as the primary source of power has experienced, at times, devastating fire breaks that resulted in severe structural losses and short-term utility grid shortfalls.
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In addition, there may be an increase in corrosion of natural material that is releasing sulfur, carbon monoxide and other carcinogens. Fire damaged or exploded natural materials, along with the installations that supplied electrical and media for the plant, increase the risk of fire or smoke damages. Finally, the potential economic harm to city infrastructure is high. Local communities across the city received a mandatory economic tax increase of $23 million in the last fiscal year, and have seen $13.7 billion in economic development projects completed since the beginning of FY 2010.
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While there has been modest progress on getting the revenue taxes that already were enacted into law and are expected to start operating for FY 2015, the city and its residents must choose between the threat of new construction projects, increased operating costs, and strong public safety. “We hope to have the rest of this round of safety and security audits finished by early 2015, and we also want to work out some of the early key findings,” said Nancy Krupicka, senior vice president of public communication at NRAA. “It’s going to be a rough six months, with a lot of decisions coming up. We’re looking at an extremely fine tuned safety process at the end of the year.”
