Your business is probably one of the most valuable assets you have – so it makes sense to protect it in good times and bad. That’s where having the right level of insurance can make all the difference by helping to ensure your business continues to operate smoothly if the unexpected happens. With the current level of inflation, it’s common…
70% of organisations only evaluate their risk profile on an annual basis, limiting their ability to tailor their risk management plan and business strategy to mirror the ever-changing commercial landscape – EY The guiding standard for risk management, ISO 31000, defines risk as the effect of uncertainty on objectives. Whilst this framework can be helpful, in establishing the context, and identification…
Keeping safe, mentally and physically in the workplace Are you across the new SafeWork code of practice? Designed to help manage psychosocial hazards at work, it is based around a set of key guide lines surrounding mental health injuries and traumatic incidents at work. The new code was created to ensure workers aren’t exposed to potential risks to their health and safety, simply for…
Workplace injuries can happen any day of the year and with a 16% rise in legal proceedings resulting in convictions, it is crucial that businesses equip themselves with the necessary tools to minimise their risk, and the relevant armour to combat any road-bumps along the way. In our highly stressful and time-poor day-to-day, we tend to dive headfirst into tasks…
Clients often ask us whether there is one common area where businesses are exposed in the food and beverage industry. The response is surprisingly easy – it’s contract management. Contracts are a tool for defining the rules around a relationship. In many respects they define how risk is shared. For this reason, contracts, and their effective management, become a vitally…
This article from Colin Biggers & Paisley shows that a positive and proactive risk management approach will be your friend in court!
Tragic results emanating from an imported product. So what risk mitigation and audit measures do you have in place to prevent a similar incident happening to your business? Read the full article here.
Proactive management of risk exposures should not be seen as just another expense, but more of an investment in your business. So could your balance sheet, brand and reputation sustain the preventable scenario in this Food and Drink Business article?
Consumers are becoming much more informed of the claims made by manufacturers regarding how natural or healthy their products are. The threat of class actions could take the exposure to another level. Read the NYTimes article on Quaker Oats here.
With a complex ownership structure that raises questions regarding governance process, it is not a giant leap to start questioning the culture within Volkswagen that would ultimately lead to the emissions scandal. Read more here from the Ethical Boardroom….
