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Jul. 4, 2013


MexiPass International Insurance Services, LLC


MexiPass is the leading MGA, Underwriting Manager & Risk Management Solutions provider for risks of American entities in Mexico.
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Enterprise risk management can impact a company's value
Smart Business
Business operations are subject to a number of internal and external risks, as are ownership interests in businesses. How organizations and their owners address these risks can have a significant impact on the value of businesses and interests therein.
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New Good Practice Guidelines take business continuity to next level
ITWeb
Updated Good Practice Guidelines, recently issued by the Business Continuity Institute, offers practitioners and companies alike a significantly improved set of methodologies that are easier to follow and implement. "Business continuity has grown considerably as a discipline, and the new guidelines reflect that," says Tracey Linnell, general manager: Advisory Services at ContinuitySA.
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New-found flexibility helps catastrophe bond market grow
Artemis
The catastrophe bond market is continuing to grow in 2013. Strong inflows of new investor capital and an increasing interest among insurers and reinsurers to sponsor cat bonds are two factors that have helped. But this year one of the key factors that has assisted in the markets growth is a new-found flexibility in the terms of some recent cat bond deals.
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PRODUCT SHOWCASE
  Proactive Operational Risk Management Conference

The Proactive Operational Risk Management Conference, September 9-11 in NYC, will help participants develop operational risk tools for minimizing operational losses, getting fewer regulatory fines and ultimately improving the bottom line of their institutions. Join our expert speaking panel from JP Morgan, GE Capital, TD Bank, RBS Citizens Bank and Bank of America.
 


Executive pay should reflect company performance
Economic Times
Calling for a need to have "corporate democracy" in India, capital market regulator Sebi recently said it is not fair for top executives to get high compensations at companies that are not performing well. At the same time, Sebi has ruled out any "disruptive" regulations to force anything on the companies and said that the norms would continue to remain disclosure-based.
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HR must play strategic role in crisis management
Bloomberg BNA
When Hurricane Katrina struck the states near the Gulf of Mexico in August 2005, human resources at Target Brands Inc. was right in the middle of handling the crisis for the well-known retailer. The company managed to get the cash registers up and running in a very short time, but it was left with the question of who would run them, Terri Howard, who worked for Target then and is now senior director of FEI Behavioral Health in Milwaukee, recalled. In a crisis, "HR's role is strategic. It is to make sure that your folks are taken care of," said Howard.
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Looking for similar articles? Search here, keyword: HR’s role in crisis management.


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Retraction of global correspondent banking networks challenges financial-crime risk management
Reuters
Global correspondent banks have faced numerous challenges since the onset of the financial crisis in 2008, including heavy scrutiny by regulators on money-laundering and terrorism-financing defenses, shrinking transaction volumes, slashed profit margins and risk parameters that defy rational measurement.

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Discussing the value of risk management at the RIMS Risk Summit
The National Law Review
Recently, 15 of the world's top risk managers gathered at RIMS Risk Summit 2013 steps from Wall Street at Zurich's Manhattan offices. Paul Walker, Ph.D., CPA, from the Center for Excellence in ERM at St. John's University's Tobin College of Business kicked off the morning by asking "How does your boss know you're doing ERM well?"

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Summer internship horror stories and how to avoid them
Forbes
Tales abound of interns running amuck. From stealing to overstaying their welcome, they can behave badly in surprising ways. Sometimes the misdeeds are malicious, but often they result from sheer ignorance and inexperience. Here are ways to keep your interns well-behaved.

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Stimulus, not austerity, is the key to global economic recovery
The Guardian
We all know how the global economic crisis began. The banks over-lent to the housing market. The subsequent burst of the housing bubble in the United States caused banks to fail, because banking had gone global and the big banks held one another's bad loans. Banking failure caused a credit crunch. Lending dried up and economies started shrinking. So governments bailed out banks and economies, producing a sovereign debt crisis. With everyone busy deleveraging, economies failed to recover. Much of the world, especially Europe, but also the slightly less sickly U.S., remains stuck in a semi-slump. So how do we escape from this hole?
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Emerging markets hit by converging forces
The Wall Street Journal
Countries from Turkey to Brazil to China are getting hit by a brutal combination of events, as economies slow, investors pull out cash, commodity prices tumble and protesters take to the streets — all fresh reminders that these markets can be difficult places to try to make money.
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Defending against discrimination, wrongful termination and other claims
Smart Business
Lawsuits can pose a considerable threat to businesses, and actions related to employment practices should be a particular area of concern to business owners. According to researchers, about 60 percent of employers can expect to be sued by a prospective, current or former employee.
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When it comes to fraud, the buck stops with you
Forbes
The frequency and severity of fraud is on the rise in the public and private sector. In the United States, bribery of foreign government officials is illegal by declaration of the Foreign Corrupt Practices Act. Enacted by Congress in 1977 to restore public trust in the private sector, the FCPA has been used to issue over $4.42 billion in penalties worldwide according to global investigative services firm The Mintz Group.
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Risk exists throughout supply chain
The Packer
Fresh produce could become contaminated anywhere in the supply chain, from seed planting to placing on a shopper's dining table. The produce industry needs to consider all areas of potential contamination, safety and traceability providers said. Dan Vache, vice president of supply chain management for United Fresh Produce Association, Washington, D.C., said a section of the Food Safety Modernization Act plans to cover transportation. He said Food and Drug Administration officials are still talking about the topic.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Summer internship horror stories and how to avoid them (Forbes)
Don't have a business continuity plan? Start working on it today (HR Reporter)
Managing risk and achieving the balance (The Rail Engineer)
Oil and gas risk management takes flight (FierceEnergy)
Top executives out of touch with their company's IT security risks (Naked Security)

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