A recent report, commissioned by the Investor Responsibility Research Centre Institute[i], has revealed that many businesses are at risk due to a low level of understanding of threats at board level, and of food safety in particular. Although the report found that expertise was relatively common at management levels, there was a significant lack at board level, with “little food…
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…
In collaboration with our partner E3Learning we have put together a 3 part series on the implications of risk and technology. Part 1 – https://e3learning.com/confidentbusiness/dont-take-risks-risk-management/ Part 2 – https://e3learning.com/confidentbusiness/investing-risk-management-things-go-wrong/ Part 3 – https://e3learning.com/confidentbusiness/investing-in-risk-management-getting-it-right/
For a country famous for its stable politics and economy, Australia is facing a rare moment of uncertainty. After a disappointing election result for the Coalition, the government’s flagship policy of lowering company tax is in doubt, and concern over the viability of the latest budget has also led to Standard & Poor’s revising Australia’s credit rating outlook. The agency…
This article from Colin Biggers & Paisley shows that a positive and proactive risk management approach will be your friend in court!
Another tragic event that was preventable, through some basic risk management – driver training and traffic management plans. Read the full article from Food&Beverage here: https://foodmag.com.au/potato-farm-fined-over-worker-death/
Our podcast on adding value to your organisation using risk management: This month we were fortunate enough to be interviewed by Suzy Yates from The Podcast Agency. We’ve still got our regular monthly article full of insights but you can click the media file below for additional information on how you can leverage your risk management processes to add value to…
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?
A timely reminder to review your food safety processes and procedures. A proactive approach to the management of risks, will reduce the likelihood and therefore impact on your business and reputation. Read the full article from Food & Beverage here.
