Karachi Electric Supply Company is principally engaged in generation, transmission and distribution of electric energy to industrial, commercial, agricultural and residential areas that fall under its network. KESC is one of Karachi's largest employers: around 11,600 people currently work for the company.
We are living in an ever changing world where technologies become obsolete within months instead of decades and where social and economic beliefs change within years instead of decades. This coupled with the present energy, food, war and economic crisis being faced, present an unprecedented opportunity for the corporate world.
While returns are alluring, the financial crises of 2008 have shown that the trickle of effect of excessive risk taking can be very devastating not just for a corporation but for the whole world. While the regulators have reacted to these crises with increased regulations, it is up to the corporate world which needs to take risk management as a tool to sustain rather than some legal formalities to deal with.
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