Part of the challenge is that governments tend to come and go on 4 or 5 year cycles, so their priorities tend to be focused on issues likely to (or certain to) happen before the next election or other democratic event.
Governments often assume (wrongly) that businesses have incentives to handle long-term risks, since they want to exist for a long time and remain profitable. The reality though is most are more focused on their share price and dividend than handling strategic risks.
Governments often assume (wrongly) that businesses have incentives to handle long-term risks, since they want to exist for a long time and remain profitable. The reality though is most are more focused on their share price and dividend than handling strategic risks.