High Stakes: A Framework for Geopolitical Risk Management
David Fagan
Partner, Covington & Burling LLP
Meg Rithmire
Professor, Harvard Business School
Published
April 08, 2025
This report provides a data-based assessment of how U.S. companies perceive geopolitical risk and articulates a recommended decision-making process and framework to manage such risk.
The research reflected in the report indicates that various concerns related to China are most prominent in reshaping the global business landscape and the presentation of risk for U.S. companies. The primary source of risk for businesses is the transformation of China’s political economy under the People’s Republic of China (PRC) to focus on security, to which the U.S. has responded with enhanced laws and regulations, as well as rhetorical instruments (such as Congressional statements) that can heighten reputational risk for businesses.
High Stakes: A Framework for Geopolitical Risk Management
About the authors
David Fagan
David Fagan is partner at Covington & Burling LLP.
Meg Rithmire
Meg Rithmire is a professor at Harvard Business School.
