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Risk Management: Keys To Success
Excerpt from Data Center Post article entitled "Risk Management: Keys To Success", July 28, 2010, by Jeffrey Baldwin, VP of Alliances and Technology, Syntex
"The desired outcome of a fully integrated risk management process is to reduce the variability in process execution and system or personnel downtime. All of which ultimately produces more predictable financial and operational results for the entire organization. "
Read more at Data Center Post  |
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Successful Risk Management
Excerpt from PROCESSOR® article entitled "Successful Risk Management -
Mitigating Risks Means Protecting Your Enterprise From Security Threats, Hidden Costs & Damage To Your Reputation", May 7, 2010 • Vol.32 Issue 10, by Chris A. MacKinnon
"A successful enterprise does not exist without solid risk management. And although it can be time-consuming and lower on immediate priority lists, risk management helps protect the enterprise from security threats and also helps to make sure that damage is as minimal as possible. Risk management is all about achieving information security and supporting business goals in the enterprise. "
Read more at PROCESSOR.COM |
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Report of Best Practice in Organizational & Safety Culture
Excerpt from "Report of Best Practice in Organizational & Safety Culture" presented by Aerosafe Risk Management, May 2010
"As part of the Well's Offshore Helicopter Safety Inquiry that was established following the tragic helicopter crash offshore Newfoundland and Labrador on March 12, 2009, in which 17 people were killed, the Inquiry recently published on its web site a study it commissioned, conducted by Aerosafe Risk Management entitled, "Overview of Best practice in Organizational & Safety Culture"."
Report on oshsi.nl.ca |
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RIMS Supports Mandated Risk Committees
Excerpt from "RIMS News" article entitled "RIMS Supports Mandated Risk Committees",
Oct. 7, 2009
"The Risk and Insurance Management Society, Inc. (RIMS) today announced its strong support for the creation of “risk committees” for publicly traded companies. The formation of such committees represents the direct involvement of an organization’s board of directors in the oversight of the risk management process, and is part of an overall strategy to reduce the likelihood of a future financial crisis."
Read more at RIMS.org |
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New Era of Risk Management
Excerpt from "New Era of Risk Management" by Steven Minsky
"Boards will soon be required by the SEC to report in depth on how their organizations identify risk, set risk tolerances, and manage risk/reward tradeoffs throughout the enterprise. Boards will also be held accountable by the SEC to review and express opinions on their involvement in the Enterprise Risk Management process."
Read more at EBiz.net |
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Risk Management Software - Essential Guide
Excerpt from "Risk Management Software - Essential Guide" by Arif Mohamed
"Risk management software, often linked closely with compliance management software, is designed to lower the overall risk and security implications that enterprises face. Financial services firms are big users of risk management products, as you would expect, and even Rogue Trader Nick Leeson has warned them to make sure they have it in place. But other sectors also use risk management tools to mitigate their risk..."
Read more at ComputerWeekly.com |
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Managing Risk Across the Enterprise
Excerpt from "Managing Risk Across the Enterprise" by Mary Alice Davidson
"Before an enterprise can manage its risk, it must identify potential risks and assess how risk will affect the company. A variety of formal and informal methods can be used to accomplish these tasks.
A key factor is to be selective..."
Read more at SecurityManagement.com |
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Process Safety - Leading and Lagging Metrics
You Don’t Improve What You Don’t Measure
Excerpt from "Process Safety - Leading and Lagging Metrics" by The Center for Chemical Process Safety (CCPS®)
"An essential element of any improvement program is the measure of existing and future performance. Therefore, to continuously improve upon process safety performance, it is essential that companies in the chemical and petroleum industries implement effective leading and lagging process safety metrics..."
Read more at www.aiche.org |
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Progress Report: Integrating Enterprise Risk Management Analysis Into Corporate Credit Ratings
Excerpt from Standard & Poor's publication called RatingsDirect®, July 22, 2009 issue
"Our sharpened focus on ERM is part of the evolution in how we look at companies we rate. We have always assessed risks and management capabilities across an enterprise as part of our overall evaluation of a borrower: The financial risk and business risk profiles are the two main parts of our credit analysis. We view ERM as an organizing tool for assessments of management, helping us create a more systematic framework and common language for an inherently subjective topic..."
Read more at www.standardandpoors.com |
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