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Home   Membership   Education   Events   Resources   External Affairs      July 22, 2014



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Addressing supply chain risk, sustainability in strategic plans
Environmental Leader
Although two of the biggest concerns in supply-chain management are risk and sustainability, they are often viewed separately when they should be addressed concurrently in strategic and operational plans, according to a report by The Conference Board. The report goes on to warn that keeping the two areas separate may ultimately put firms at considerable risk.
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China's food safety reputation takes another blow
CNBC
China's difficult relationship with food safety has spurred another scandal, ensnaring Western fast-food chains which may have been duped into buying tainted meat. OSI Group's China affiliate, which supplies McDonald's and Yum Group's KFC on the mainland, was accused of using expired meat and unhygienic practices in a July 20 report from Shanghai TV, a local television station under SMG Group.
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Meeting workers' ire in workplace and outside
BusinessDayLive
Labor union movements are facing a decline on a global scale. In South Africa, however, those unions that are able to successfully connect wider social injustices to their members' cause and mobilize people around this are increasing their membership numbers. As a result, they are increasing their political influence.
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Why your boss doesn't get risk management
eBizQ
There are a couple of common refrains you may hear on a consistent basis. One is of particular concern to risk managers seeking to establish legitimacy and trust within their organization. "My boss just doesn't get it." The signs you're on this boat are noteworthy. The good news is that the ship has not sailed. There's still time to structure your program and present the results in a way that both educates and engages your leadership on the value of risk management.
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An intelligent approach to reducing the risk from social media
The Australian
The words are still ringing in Greg Daniel's ears from 2008, the year his social media intelligence company SR7 was born. "When we started the business, I told a pretty well-known non-executive director that I was starting a social media intelligence business. He looked at me, didn't say anything for a while, but finally said: 'Social media intelligence. Isn't that an oxymoron?'" Daniel says with a wide smile. When Daniel ended his 10-year association with marketing and advertising giant Clemenger BBDO to set up SR7, the number of times the term "social media risk" was retrieved on a Google search was so low it didn't even show up. Now the term is Googled 15,000 times a month.
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S&P affirms ratings on four more catastrophe bond transactions
Artemis
Standard & Poor's Ratings Services, the most active credit rating agency in the insurance-linked securities space, has affirmed its rating for 4 tranches of natural peril catastrophe bonds, from four issuers, after their annual resets. Each year outstanding catastrophe bonds are typically scrutinized and analyzed by S&P, or by the rating agency responsible, to assess whether the probability of attachment remains within the expected range specified in the deals offering documentation and within the bounds expected of its rating.
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Retailer learns the hard way: State law can be more stringent than FLSA
HR Morning
With all the attention paid to complying with federal wage-and-hour laws, it's easy for state pay laws to get overlooked. That becomes a major issue when those state laws are more stringent than the Fair Labor Standards Act (FLSA). That's one of the major takeaways from a recent lawsuit involving electronics giant RadioShack Corp. (RSH). A federal judge just ruled that struggling retailer violated Pennsylvania state law because of the way it calculated employees’ overtime wages.
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Risk management, CSR and corporate reputation are all connected
Procurement Leaders
Recent headlines point to the connection between climate risk management, the need to pay attention to suppliers' CSR efforts – or lack of effort – and corporate reputation. The following are a few examples.

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Ruling: What's not allowed when accessing employees' social media sites
HR Morning
There are a lot of laws HR pros pay close attention to (FMLA, ADA, FLSA, etc.), but the Stored Communications Act typically isn't one of them. That should change. The act prohibits the unauthorized access of individuals' electronic communications and records that are intended to be private.

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Whose employees are they? Determining whether you're subject to 'joint employer' liability
InsideCounsel
In the modern workplace, it is common for companies to contract outside labor forces to meet their business objectives. "Contractors" often work side-by-side with a company's traditional employees, and it is sometimes difficult to discern to whom workers "belong."

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Risk management: Know your drivers to know the risks
Fleet News
Looking after fleet drivers must include knowing the driver and acknowledging that their lifestyle could have an impact on their ability to drive safely. If an LGV driver is involved in a road traffic incident which results in an allegation of negligence, solicitors will be looking far beyond the physical actions of the driver. Under the principles of vicarious liability, employers are liable for the acts and omissions of their employees, so any investigation could concentrate on areas such as medical issues, previous accidents, what time of day they happen at, how the driver reacted to any training and their general attitude towards work leading up to the incident.
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Rethinking risk in emerging markets
Times of Malta
Middle-class anger at not seeing enough of the fruits of economic growth is growing in developing economies, and that anger is forcing the world's biggest investors to rethink how they rank emerging markets. Political risk has always been a fact of life for investors focused on the developing world, but many money managers are now assessing which countries have institutions and governments robust enough to stop the kind of anger boiling over into the chaos seen after the Arab Spring uprisings.
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Corporations 101: What you need to know about the standard business entity
By David B. Mandell, JD, MBA, and Jason M. O'Dell, MS, CWM
A corporation is a legal entity owned by shareholders. The shareholders elect a board of directors who set policies for the corporation, allowing their selected officers to run the corporation day-to-day. Many firm owners use a corporation as part of their corporate structure — either for the main business or for ancillary business units. The following examines the basics of corporations, with a focus on their asset protection benefits and weaknesses.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Connecting risk management to cyber security (Computing)
Does your nonprofit board take the matter of ethics seriously? (The Huffington Post)
How well are your claims performing? (WorkersCompensation)
Global oil supply and demand equation poses risks (The Daily Star)

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

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