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Home   Membership   Education   Events   Resources   External Affairs      May 20, 2014

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Crisis management: Get the boss involved before it's too late
We all know them: car manufacturers flunking a recall; oil companies mismanaging a major accident; governments botching website launches; airline operations melting down while merging; chemical companies polluting drinking water ... and so the list goes on. When these situations seem entirely predictable and manageable, why do large and otherwise successful organizations get it so wrong?
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More big companies say they're concerned about climate risks
The Guardian
For anyone who maintains that climate change is not going to affect our lives, it may be worth listening to the concerns of America's publicly traded corporations. These companies, which tend to be of a more conservative persuasion and not given to hyperbole, are increasingly concerned about how climate change is likely to damage their operations.
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Time to increase bets on emerging markets?
Business Standard
Only a year after talk of a reduction in monetary stimulus in the U.S. sent emerging market bonds into a tailspin, the asset class has staged an impressive recovery — and investors are betting that spreads will continue to grind tighter. A strong technical bid underpinned by expectations of still accommodating monetary policy in the US and the potential for fresh stimulus in the eurozone has helped to drive a rally across global bond markets.
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Report urges accounting for 'natural capital' depletion
Accounting Today
Accountants should take the lead in assessing the impact on their companies of the depletion of natural resources, recommends a new report. The report argues that accountants should account for "natural capital" to determine the risks to businesses that depend on increasingly scarce resources such as clean water, timber and minerals. The true cost to society from the impact of business activity on natural resources is generally not reflected in corporate accounts, a situation made even riskier by the assumption of infinite resources underpinning most economic and financial accounting.
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Got social? Great: Now manage the risks
Power brings responsibility, and social media power means that companies have a responsibility to manage the accompanying risks and obligations. A new Forrester Wave report profiles the leading vendors for those tasks. The report points to the growing number of ways that social media presents issues for organizations. There's reputational and information security risks for every company, and companies in regulated fields, like financial services or healthcare, have regulatory and compliance matters that require not only monitoring and management but also archiving.
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Religious garb and grooming in the workplace
New Hampshire Business Review
Q: Dalip was recently hired as a teller at a bank. Dalip is an observant Sikh who wears a turban, or dastar, as part of his religious beliefs. A few days after Dalip was hired, the bank manager, John, began receiving complaints from customers who felt "uncomfortable" approaching Dalip. In an effort to resolve these issues, John decides he will ask Dalip to either remove his turban at work or take a position in which he spends most of his time on the phone. Can John do this?
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Critics say food safety standards could be threatened by US/EU trade agreement
Food Safety News
Some call it the Transatlantic Trade and Investment Partnership agreement. Others call it the Trans-Atlantic Free Trade Agreement. Either way, it's the trade deal currently under negotiation between the U.S. and the European Union. While proponents of the agreement say it will grow economies and increase jobs, consumer advocates argue that hasn't been the case with the North American Free Trade Agreement. Instead, they worry about food safety, environmental, public health and labor standards being undermined as "trade barriers."
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Improving risk management modeling with address verification
Risk managers often need to assess the financial impact of catastrophes, such as hurricanes, tornadoes and severe weather, on their portfolios. These assessments evaluate the potential cost of a catastrophic event and help insurers manage their exposure and set their reserves.

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Are workplace politics destroying your business?
It's been a pop-culture trope and corporate stereotype for decades: The big-shot executives sit in meetings and make decisions that benefit them, while low-level workers are left to suffer the consequences. As someone who's held numerous executive leadership positions, entrepreneur David Frankel says this phenomenon boils down to one simple root cause: politics.

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Study finds CISO appointment, business continuity shrinks breach costs
SC Magazine
By appointing a CISO, breached organizations stand to fare better in their response efforts, lessening their costs by $10 per compromised record, an annual study found. The "2014 Cost of Data Breach Study: United States" offers insight on management efforts which can improve incident response at companies.

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Medical cost inflation, legal liability, technology risks among top concerns for businesses
American businesses large and small say medical cost inflation, legal liabilities, and technology risks are among their top concerns, according to the baseline findings of the new annual Business Risk Index from Travelers. The survey polled more than 1,100 business decision makers to better understand what they believe poses the biggest threat to their business. Many leaders said the risks they identified as their biggest concerns are also the issues their business is least prepared to address.
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New integrated compliance tool for license checking and risk management
Fleet World
A new Web tool has been launched by England's Licence Bureau to provide fleets with an integrated solution for license checking and risk management/assessment. Intended to help provide firms with an auditable trail to show compliance with duty of care and corporate manslaughter legislation, the firm's Compliance Managed Services are aimed at businesses of any size with either company car and/or "gray" fleet drivers.
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7 tips to proactively managing fraud
Bermuda Sun
For independent business owners, fraud is a very real and growing threat. Private enterprises have always been quite vulnerable to fraud because of the nature of their businesses. Many do not have the organizational wherewithal to detect and/or deal with an event, often opting to accept defeat and move on. This does not mean they are helpless victims. As with any large-scale enterprise, there are measures that can be taken to detect the signs of fraud and mitigate damage within your organization.
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