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…
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…
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…
What are the key risk indicators in your organisation? Culture is a key for driving performance, but it can also be a leading indicator for risks. ASIC have now confirmed that they will be looking at company culture as we can see from this article from Mondaq.
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….
By now I’m sure you have heard about the urgent national recall that was issued for pre-package lettuce and salad by Woolworths and Coles. Because of the sheer size of the retailers they’ve been able to easily navigate the recall of this product and have been on the front foot with the public. Now, not all businesses have the same…
By now we’re all aware of the upcoming changes to our Grocery Services Agreements due to the Food and Grocery Code of Conduct. If you need a refresher read our previous article which covered the FGCC in detail. As you know, every organisation has a multitude of different types of contracts, some of which command more or less focus than…
With upcoming changes to your Grocery Supply Agreements have you considered how you can navigate the Food and Grocery Code of Conduct to successfully negotiate your terms with the retailers? The ACCC has recently instituted proceedings in the Federal Court against Woolworths limited. This is due to the retailer’s unconscionable conduct in dealing with its suppliers. Woolworth’s “Mind the Gap”…
We’ve all recently been shocked by the BHP Samarco disaster which saw 11 Brazillian villagers lose their lives, with 15 still reported as missing. This tragedy has rocked BHP, with Samarco’s publically traded bonds initially losing 50% of their value. So, what can the Food and Beverage industry take away from this crisis? People are always going to want answers…
We’ve all read about the huge scandal 7-Eleven recently faced after Fairfax Media and Four Corners blew the lid off a “half pay” scam being conducted by franchisees. Obviously, franchisees are forced to back pay the exploited staff, and fines have been imposed by Fairwork legislation, but what about the impact felt at the highest levels of the organisation? The…
