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Home   Membership   Education   Events   Resources   External Affairs      April 08, 2014


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Climate change is a game of risk
TIME
Risk — you'll be hearing that word a lot in the context of climate change. That's because the best way of thinking about the impact of global warming — and especially the economic impact — is as a risk factor. As the climate warms, sea level will rise, which puts coastal communities at greater risk of flooding. Warming may also intensify tropical weather, potentially increasing the risk of catastrophic storms like Katrina. If climate change cuts into the yield of crops like wheat or corn, that could raise the risk of violent conflict in already impoverished countries. Climate change is a risk multiplier.
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See related story: Corporations weigh risks, opportunities of changing climate (Truthdig)




Assessing, managing risk becomes an enterprise-wide pursuit in food and beverage
Food Processing
Innovation, sales growth, increased throughput — there are many issues that stimulate thought and discussion in the food industry. Then there's risk management. An essential part of the tool kit of military planners and financial managers, the identification and quantification of risk is gradually spreading to the day-to-day operations of North American food manufacturers. In a very real sense, the FDA's Food Safety Modernization Act codifies the assessment and management of the risks of contamination in human consumables and extends responsibility for checks, controls and verification throughout the organization.
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Keep your company's reputation solid with these tips for rejecting candidates
By Karen Rehn
Rejection. At one point or another in our lives, we all face it. Some of us simply deal with rejection and move on. Others take steps to learn and improve so it doesn't happen again. In the case of job candidates, however, the majority don't like to go down quietly. This might not have been that big of a deal 20 years ago. In today's social media-driven world, however, the result can impact your brand, your reputation and even your bottom line.
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Risk management: Employee business travel and liability
Rental Management
Insurance companies often receive inquiries from rental business operators worried about their potential liability should something befall an employee who is traveling for business. What if he gets in an accident while driving a rental car? What if her hotel room is robbed? What if he's injured while on a trade show floor? Will it be covered by worker's compensation? With sufficient preparation and employee education, rental operators can put these fears to rest. The following are some common-sense, risk-reduction strategies worth considering.
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Looking for similar articles? Search here, keyword(s): Employee practices liability.


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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Banks developing new best practices in risk management (Futures Magazine)
Catastrophe bonds: An idea whose time has come (The Financial Express)
6 best practices for implementing and enforcing social media policies (InsideCounsel)

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Understanding incident response: 5 tips to make IR work for you
CSO
In the grand scheme of things, though it is marketed, debated, and packaged as its own layer of proactive defense, incident response could arguably be called disaster recovery, or business continuity planning. Once an incident has been discovered — either as it happening or long after the fact — steps must be taken to address it, ensure the organization recovers from it, and that it doesn't happen again, but before this can happen a response plan needs to be in place.
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Share your expertise with others
MultiBriefs
In an effort to enhance the overall content of RiskWire, we'd like to include peer-written articles in future editions. As a member of RIMS, your knowledge and experience in the industry can be of great help to your fellow members. And we're hoping you'll share this expertise with your peers through well-written commentary. Because of the digital format, there's no word or graphical limit, and our group of talented editors can help with final edits. If you're interested in participating, please contact Ronnie Richard to discuss logistics.
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4 red flags for private lenders
By Glen Weinberg
Ever wonder why your loan was turned down by a lender? Are you curious as to why some brokers seem to routinely close more deals? There are a number of red flags for a lender that will almost certainly derail the possible funding of a loan transaction. To increase the number of closed deals, brokers should avoid these deal-killers.

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Cyber insurance: Just 1 component of risk management
The Wall Street Journal
Spurred on by recent high-profile cyberattacks, a growing number of businesses are willing to shell out tens or even hundreds of thousands of dollars in annual cyber insurance premiums. But risk management entails much more than simply transferring risks.

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Risk management lessons from the big guys
EBN
Recently, supply chain risk management chatter has reached an all-time high. Perhaps the intense interest has been driven by extreme events in the past year, such as natural disasters, as well as emerging threats and systemic vulnerabilities (oil dependence, armed conflicts, etc.).

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Globalization best-practices: Capitalize on the complexity
EBN
The rapid transformation to a more globalized supply chain has dramatically changed how companies operate. While the benefits of globalization are often clear — extended reach to customers in new markets, lower manufacturing labor costs, easier access to new regional suppliers — they come at some cost and introduce more risk into the supply chain. To take advantage of globalization's benefits, companies will need to formalize their management of the associated risks. We must design and manage our supply chains with respect to the inherent complexity and make globalization and mobility a business-critical core competency.
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Situational awareness: Supporting the CEO's critical decision-making in a crisis
Business 2 Community
It is a fact that almost all crisis teams find information management one of the greatest challenges in responding to an incident. Why does this matter? It matters because effective information management is the bedrock that allows the critical decision-making by the strategic crisis management team that will lead an organization out of a crisis. The aim of managing information in a crisis is to establish a good level of "situational awareness." This may sound like "simply knowing what is going on" but in reality true "awareness" of your situation means much more.
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Study: More women on company boards reduces fraud
Gnomes National News Service
Having more women on company boards reduces fraud, according to a new study from China, which says "the optimal percentage of women on boards is 50 percent" — far higher than the average anywhere in the world. "Fraud is very major, everywhere. Not just in the United States, but worldwide, and it's hurting shareholders," said Oliver Rui, a professor of finance and accounting at the China Europe International Business School. On average, an organization lost about 5 percent of revenue to fraud annually, the study authors said, citing a 2010 United Nations report.
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