Chapter 7.1 Leaders in Risk Management and Case Study MMA Railway / Lac Megantic Loss Incident: The impacts on PEAP are clearly demonstrated in the video trailer "Lac Megantic - This is not an accident", a CBC Gem documentary, 2:33 m:ss. From the perspective of leadership in risk management, this video best illustrates that: The imperative for change must exist within the company and within the regulatory agencies, and at the political level to improve railway operations to prevent more catastrophic loss incidents. Only when the imperative for change is embraced will managers move into a position of leadership to champion for and begin to change culture for the better