Flooding, competition for water and disruption to transport networks and communication are potential risks to business highlighted by the UK government’s department for environment, food and rural affairs (defra).
The UK climate change risk assessment: government report, warned that there may be future decreases in UK business output due to an increase in supply chain disruption as a result of extreme events.
Costa Concordia company compensates cruisers; BP must cover some Transocean liabilities for oil spill; Fuel shortage fears ease; Britons “have less integrity now than ten years ago”
Mobile network 02, the second biggest UK provider, has issued an apology to customers after it was revealed that it has been sharing customers’ private phone numbers when visiting websites via mobile data.
A solar storm with the potential to disrupt satellites and bring down energy grids is yet to wreak havoc despite being the strongest of its kind since 2005.
Whistleblowers, angry mobs and supply chain exposure are three types of risk not yet on companies’ radars that could affect them in the year ahead, according to a 2012 future risks forecast by Willis.
Businesses must not wait for the government to act to improve a “yawning trust gap” between themselves and the public, a report has said.
Blackberry-maker shuffles board after turbulent year; Olympus shares rebound after scandal; British forces rehearse Olympic risk response; Petrobras shares surge on appointment of female chief
Shortcomings in the Bank of England’s (BOE) governance structure will not be properly addressed by proposed reforms, according to a committee of MPs.
Human factors are turning events such as a drought crisis into “the most severe emergency of its kind this century”, according to a report by Oxfam.
Independent risk management software company Riskonnect has appointed Russell McGuire FIRM as director of its enterprise risk services.
Nearly one quarter (23 per cent) of small-to-medium enterprises (SMEs) are unable to name a single risk to their business, according to a report by AXA Commercial Lines.
Major-impact “black swan” events are outpacing many organisations’ risk management practices as they become increasingly common, according to research by PricewaterhouseCoopers (PwC).
Over-focusing on compliance, a lack of management support and a reluctance to de-silo information are the top barriers to better risk management, according to survey results published by Zurich.
FEATURES
Risk managers already have a crowded agenda but may also need to contend with several emerging risks in coming years, reports Lynn Strongin Dodds
With just over 12 months to go, Mark Davison reviews how risk management is an integral part of planning for the 2012 London Olympics
As GRC (governance, risk and compliance) policies attract growing interest, Graham Buck attempts to pin down what lies behind the acronym
Scott of the Antarctic’s ill-fated expedition of 100 years ago has been eulogised as a heroic British failure. Pauline Bird looks at what went wrong, and how Amundsen’s approach to risk triumphed
MTR were big winners at Risk Management Professional’s inaugural risk awards in 2010. Its system assurance and compliance manager (and previous enterprise risk manager) Nelson Wai Hung Ng explains its approach
Mother Nature has not been kind to Australia and New Zealand in recent months. Helen Yates examines how businesses have coped with natural catastrophe
Perhaps not, but the Jackson report's proposals at least promise to remedy the spiral in litigation costs says Alexandra Anderson
After much debate – and a temporary deferral – the Bribery Act takes effect from 1 July. Melanie Wadsworth examines its impact on businesses
Key events in the years since the 11 September attacks have triggered a new attitude to risk, both in North America and beyond, Graham Buck reports
The corporate governance landscape for US public companies has changed dramatically over the last ten years, on practices ranging from how directors are elected to the composition and authority of key
board committees.
Earlier this year a panellist at IRM's Professional Development Forum suggested that risk management is suffering from an identity crisis. So is risk management - and are risk managers - really unsure of what it is and where it fits in the organisation? If so, what are the reasons for this uncertainty?
With numerous scientists hypothesising that our weather systems will get more unpredictable as a result of climate change, Mark Davison asks what businesses can do to mitigate their risks
How will Solvency II affect you?
Ahead of the introduction of the new regime in January 2013, Clive Thompson outlines five potential scenarios.
Whitepapers
The importance of understanding the impact of uncertainty and risk
Most organisations aspire to practise effective Enterprise Risk
Management (ERM), but very few are achieving it. Over the last
decade, much effort has gone into implementing systems to comply
with Sarbanes Oxley, COSO, Turnbull, Basel II, COBIT and other regulatory
standards. As a result, many organisations are now stuck in a world of
compliance-oriented risk management.
Management (ERM), but very few are achieving it. Over the last
decade, much effort has gone into implementing systems to comply
with Sarbanes Oxley, COSO, Turnbull, Basel II, COBIT and other regulatory
standards. As a result, many organisations are now stuck in a world of
compliance-oriented risk management.
White Paper: Run of the Mill
Today, the forest products industry is coping with recession and a fundamental shift in market demand. This White Paper shows how FM Global clients are meeting the challenge.
Overcoming Enterprise Disruptions
In today’s global business environment a new class of risks do not fit neatly into traditional categories of insurable risk for organizations. So how can you insure the “uninsurable.” See the new white paper from Lockton.
A top line on the impact of risk on your bottom line
The FM Global White Paper examines new research that pinpoints a strong link between the economic stability of companies and their ability to handle plant and property related risks. Could you make risk management a long term saving?
Safeguard corporate reputation and shareholder value
Find out how an effective enterprise-wide approach to risk management is vital to protect reputation and value.
Embedding Risk Management Technology
There is a vast amount of information available that describes the foundations and principles behind effective risk management and every organisation will probably approach it in a slightly different way
The Root of the Problem
IRM asked its members for their views on the causes of the current financial crisis and the lessons for the future
Removing the mist surrounding the Cloud
Businesses should consider several key factors before seeking to introduce cloud computing as part of their IT strategy, suggests Neil Cross.
Security Risk Analysis:Methodology; Factors; Security Systems used In Nigeria
Hugh Jones provides two case studies and offers a detailed review of managing risk in the hostile environment of the Niger Delta
