How to Balance Innovation with Compliance: Lessons from the OceanGate Tragedy
Too Long; Didn’t Read
On June 18, 2023, OceanGate’s submersible, the Titan, suffered a catastrophic implosion during its descent into the North Atlantic Ocean. The five crew members on board, including OceanGate’s CEO, were on a tourist expedition to view the wreck of the Titanic. The tragedy is a stark reminder of the need to balance compliance and innovation.
Too Long; Didn’t Read
On June 18, 2023, OceanGate’s submersible, the Titan, suffered a catastrophic implosion during its descent into the North Atlantic Ocean. The five crew members on board, including OceanGate’s CEO, were on a tourist expedition to view the wreck of the Titanic. The tragedy is a stark reminder of the need to balance compliance and innovation.
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