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May. 28, 2013


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MexiPass is the leading MGA, Underwriting Manager & Risk Management Solutions provider for risks of American entities in Mexico.
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Retailers lack data tools to prevent factory hazards
The Wall Street Journal
A series of deadly accidents in overseas factories has led some experts to question whether retailers are making use of technology platforms to look for dangers in their supply chain. Companies already use software platforms to monitor hundreds of indicators for how products wind their way from factories to store shelves and into customer homes. But experts say few use the same kinds of analytics to monitor for potential regulatory or worker safety problems.
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Risk management strategies key to weathering wheat markets
High Plains Journal
Six spring freeze events over the course of five weeks in March and April were not what winter wheat farmers ordered in the High Plains region. Combined with ongoing drought — the worst since the 1930s in many parts — these weather events covering the High Plains had the wheat industry cautious about the final 2013 crop yield. And farmers are rethinking their risk management strategies in preparation for lower yields.
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Regulatory risks: Be very, very afraid
CFO Magazine
Regulatory risks, such as the threat of government pressure to reallocate capital, are the number one threat facing companies in a variety of industries, according to a recent KPMG survey of C-Suite executives. Seventy percent of C-suite executives across all industries said that regulatory changes have caused either substantial or moderate changes in their risk management and reporting processes in the past two years.
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Risk and responsibility cannot be outsourced
Gulf Times
It's the biggest catchphrase in the compliance industry: risk management. Companies use risk assessment and risk management as a means to identify potential hazards and harms, determine the right course of action and limit financial exposure. Risk assessment provides the objective metric to help the decision-making process. Just what exactly constitutes risk?
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    The importance of business continuity planning: Dealing with inevitable risk (The Metropolitan Corporate Counsel)
ERM: 5 steps to success (ebizQ)
Cat bonds: A way to hedge corporate risk? (CFO Magazine)
Floods, cyclones ... business and governments must wake up to disaster (The Guardian)
The HR-risk connection (Human Resource Executive)

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


Cyberattacks should be accounted for in risk management process
The Strategic Sourceror
When companies perform qualitative risk assessments, they often fail to consider the potential disruption from a sophisticated cyberattack. The frequency and complexity of cyberattacks is increasing, and hackers are more able to breach a company's security detection system, according to a recent study from Frost & Sullivan. Next-generation intrusion prevention systems are becoming more widely adopted to mitigate the risk of a cyberattack.
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Why an organization should exercise BCM/DR plans
Stoneroad's Blog
It's great to have many continuity plans and strategies to prepare for and respond to, disasters. However, if they aren't validated they don't carry any weight and there's no way of knowing if they would be any good — useful — when a real situation occurs.
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Biometric odontologic data filing: Method of disaster preparedness for corporate travelers
Disaster Recover Journal
Globally acting companies think about the security of their executive personnel, top executives and board members who are frequently traveling worldwide. There are many business travel security concepts reported and implemented so far. All of them are perfectly taking care of the living. But who thinks about the absolutely unexpected? Who thinks about fatal disaster scenarios and dozens of questions referring to this? Who takes care of verbalizing the disaster preparedness procedures to be perfectly planned for this type of worst-case scenarios?
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FEATURED ARTICLE
TRENDING ARTICLE
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5 tips to improve your workplace safety
WorkersCompensation
Workplace safety is one of those topics where it is hard to overemphasis its importance. There can be such a thing as "too much safety," but that level is the small majority of companies.

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Reputation risk management — it's time to build trust and resilience at the top
The Huffington Post
Recent corporate governance issues and crises have sparked a steep rise in reputational risk as trust in business continues a decade-long erosion. And good business practices alone won't remedy it.

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The importance of business continuity planning: Dealing with inevitable risk
The Metropolitan Corporate Counsel
One of the reasons businesses choose not to become more actively involved in planning for increased preparedness is that they feel prior events are not likely to recur or that the effects if they were to occur would not be overly severe.

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Wellness in the land of confusion
Human Resource Executive Online
While HR leaders want to know just how the definition of "voluntary" applies to company wellness programs, the Equal Employment Opportunity Commission is having trouble coming up with a firm position. Experts weigh in on ways employers can manage their wellness plans, regardless of a solid definition from the commission.
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E&O insights: Restaurant and tavern risks
Insurance Journal
Chances are just about every town in the United States has a restaurant, tavern or pizza parlor. Pursuing this type of risk, then, is common. Yet before taking that first step, do your homework to help you understand that these risks have some unique exposures that must be properly addressed. History has shown that failing to do this has been a significant reason why this class of business generates many errors and omissions claims.
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Social responsibility no longer optional for businesses
Fox Business
Selling a good product or service is no longer enough to attract today's socially conscious shoppers, new research shows. A study by public relations and marketing firm Cone Communications and Echo Research revealed corporate social responsibility is now a reputational imperative, with more than 90 percent of shoppers worldwide likely to switch to brands that support a good cause, given similar price and quality. Additionally, more than 90 percent of the consumers surveyed are more likely to trust and be loyal to socially responsible businesses compared to companies that don't show these traits. Businesses that aren't socially responsible run the risk of alienating their customer base, the research found.
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Climate risk: UN says business response needs more urgency
BusinessGreen
Businesses are failing to protect their overseas supply chains despite being increasingly exposed to the risk of natural disasters, the UN recently warned. A new report by the UN International Strategy for Disaster Reduction and consultancy giant PwC says that while there is a growing awareness of the threat floods, drought and storms can pose to business operations, companies rarely share expertise on how to cope with extreme weather threats with each other or the public sector.
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