As the VW situation deepens and broadens we see the damaging effects of a crisis played out in the public eye. The firm lost a large slice of its market value in a matter of days, as did other manufacturers in somewhat of a domino effect. This episode only serves to remind us again that the actions leaders take (or don't) advised by (or not) professional firms can have far reaching and lasting effects.

Matt Nixon pens a thoughtful piece on lessons that might have been learned. Conveniently for leaders at professional firms Matt will be speaking for the MPF on 7 October on 'Crisis, Reputation & Hubris: Managing Risks for Client and Firm'