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Home   Membership   Education   Events   Resources   External Affairs      May 01, 2014


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New RIMS report: 'Transitioning to Enterprise Risk Management'
Continuity Central
Building an enterprise risk management capability and culture can directly correlate to stronger financial results and even greater potential for organizational success – according to RIMS new executive report titled, "Transitioning to Enterprise Risk Management." The report, authored by members of RIMS ERM Committee, explores common characteristics of risk management programs and provides practitioners with five fundamental steps to help them successfully transition to a broader enterprise risk management approach.
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More than money?
Human Resources Executive
Nearly half of employers with a wellness program reported a measurable improvement in medical costs or risks, according to a new Willis Health and Productivity Survey. Of the 49 percent who said their companies are seeing measurable results, 17 percent said costs have gone down, the survey shows. The other 32 percent reported an improvement in health risks — tracked through tools such as claims data, health-risk assessments or biometric screening — so "measurable" does not necessarily mean an immediate bottom-line change, says Dr. Ronald S. Leopold, Willis practice leader in health outcomes.
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Looking for similar articles? Search here, keyword(s): Health risks.


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Risk managers mull how to talk to a CFO
CFO Magazine
Weighted average cost of capital. Return on equity. Earnings before interest, taxes, depreciation and amortization. Total corporate medical spend. All those financial metrics — and more — have been floated at the annual Risk and Insurance Management Society conference as suggestions for ways that corporate risk managers can raise their concerns so as to grab the attention of the CFO.
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Is your business ready for disaster?
Forbes
Big M, a large, New Jersey-based clothing retailer depleted its resources trying to reopen its stores after Hurricane Sandy. It also happened to Trenz, a small, family-owned hair salon, after a deadly tornado tore through Moore, Oklahoma, last year. Disaster happens to thousands of businesses, big and small, in large part because these companies didn't have a recovery plan in place. Having a disaster recovery plan that brings your business back up and running just days — or even hours — after a catastrophe is critical to success. Without it, the doors to your business might remain closed well past the date the disaster passes.
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Experts: Threat knowledge is key to cyber security
ComputerWeekly
Business should improve awareness of current cyber risks and threats to stay ahead of cyber criminals, security and law enforcement professionals told delegates at the recent Infosecurity Europe 2014 in London. "While security technology will help, a contemporary and dynamic awareness of real-world risks and threats is very important," said Lee Miles, deputy head of the UK's National Cyber Crime Unit.
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See related story: Top 10 tips for cyber resilience (Dynamic Business)




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

    Workplace data privacy vs. security: The new balance (Dark Reading)
Social media strategies in recruiting, hiring pose legal risks for employers (Bloomberg BNA)
Teen stowaway raises questions about airport security (CNN)
Beware the rush to emerging markets (Barron's)

Don't be left behind. Click here to see what else you missed.


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QBE Visionary

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Marine safety and shipping: Emerging risks in the pipeline
PropertyCasualty360
With over 90 percent of global trade carried by sea, the safety of international shipping and routes is critical to the health of the global economy. And although the long-term downward trend in shipping losses is encouraging, there is more work to be done to improve the overall safety of these vessels as well as their cargo, crew and passengers. While foundering (sinking or submerging) remains the most common cause, accounting for almost three-quarters of all losses, a recent report from Allianz Global Corporate & Specialty identified several emerging risks that are becoming a concern for the marine industry.
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BYOD and remote workers: Balancing the risk and the reward
Forbes
Any company that has had its data compromised by hackers knows how vulnerable networks can be. Outside the network is even more challenging — as the number of employees working remotely grows, so does the level of vulnerability. So why are companies supporting computing models that carry with them inherent risk? Because the benefits can be significant.
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Are your unpaid internships legal?
HR Morning
It's internship season, and once again there are lots of talented individuals willing to join your company for the summer — and many are willing to work for free. The question is, should you let them? The answer, except in the rarest of situations: No.

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The HR decision that could sink your business
The Huffington Post
Your human resources department plays a vital role in how your company gets things done. It makes sure you are staffed properly, that benefits are administered and many other important obligations are met in a timely manner.

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What does it mean to be a crisis ready organization?
Continuity Central
Most of the work done in the name of crisis management is in fact crisis preparedness. "Are you ready to face the worst?" is a question that boards ask, regulators ask, governments ask and investors ask.

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Building the right foundation for Governance, Risk, and Compliance
ITBusinessEdge
Lines of businesses, legal entities, functions, people, business processes, risks, controls, products, projects, programs, strategic initiatives, servers, facilities, suppliers – the business of doing business is complicated. And if we are to create a well-governed and risk-aware organization that reaches for the sky on the shoulders of GRC, then we need a simple and consistent way to handle all this complexity. Furthermore, as with all foundations, creating it requires a solid understanding of what we're going to put on top of it.
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Companies increase oversight of business continuity management
Accounting Today
Organizations have increased their oversight of business continuity management activities, according to a new survey by KPMG that found 71 percent of respondents indicating they have a senior management advisory or steering committee in place, up from 65 percent in a 2011-2012 survey. While that figure represents an improvement from the past study, approximately 30 percent of the survey respondents indicated that no such governance capability is currently in place in their organization.
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Colby Horton, Vice President of Publishing, 469.420.2601
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