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Nov. 12, 2013

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6 things managers should not talk about at work
By D. Albert Brannen
Managers have a special role for employers because they are legal agents. What they say, do and know can be attributed to their employer. Depending on the issue, employers can be strictly liable for the conduct of managers. Several laws come into play here, but there are certain things that managers should absolutely not talk about with employees or anyone else at work. The following lists six of these topics, but by no means is this an exhaustive list.
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Political risk management forecasting destabilized by social media
The speed at which political instability spreads is now inextricably linked to social media, as disaffected populations globally increasingly turn to this powerful outlet to drive political demonstrations. This, according to the latest Marsh Risk Management Research briefing, Social Media Heightens Political Risks in Emerging Markets, means that the "rear view mirror" approach to risk management, which is frequently used by multinationals to forecast risk by examining past events, is no longer sufficient when operating in at-risk countries.
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Gartner: Fear of cyberattack driving a shift from risk-based security
Fear of attack is causing security professionals to shift focus away from disciplines, such as enterprise risk management and risk-based information security, to technical security, according to Gartner's 2013 Global Risk Management Survey. This shift in focus is driven by what Gartner analysts refer to as fear, uncertainty and doubt, which often leads to reactionary and highly emotional decision making.
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Reporting systems vital for reputation
Financial Times
Vast amounts of food go to waste in Tesco's supply chain it was revealed last month. But while the figures point to a mounting environmental problem, the fact that the U.K. supermarket itself made the revelation reflects another trend — a more strategic approach to managing the reputational risks associated with social and environmental impact.
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How in-house lawyers are dealing with expanding risk management remit
Legal Week
Beyond their day-to-day work looking after legal matters and relationships with external counsel, it is worth taking stock of the increasing amount of risk management advice being sought from a modern company's most senior lawyers.

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Food industry needs new direction on supply chain risk
Supply Management
After months of supply chain scandals in the food sector, 31 major investment funds are quite right to support Oxfam's call on the food industry's 10 biggest companies to improve their supply chain policies and transparency to protect people, planet and profit.

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Employment litigation: Who is your enemy?
Small Business Trends
When a company is sued by an employee, the company naturally views the employee as the problem. But in many cases, another equally dangerous enemy exists in employment litigation — disguised as the company defense lawyer.

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The key to great BC/DR plans? Aim to get 60 percent there
So you need to do some business continuity/disaster recovery planning, but aren't sure how to start? Depending on the size of the task and the level of prior focus on BC/DR planning within your organization, this could involve anything from simply sprucing up your existing BC/DR plans to the overwhelming feat of creating new plan designs and implementations. Rest easy and know that with the right steps, you can get things moving forward in the right direction.
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Businesses critical of US proposal for workplace safety database
The Wall Street Journal
A federal proposal to create the first publicly available database of detailed workplace safety information at large companies drew strong criticism Thursday from some employers and their advocates, who say the data could be misconstrued. The contention over the U.S. Department of Labor plan is the latest chapter in a decades-long debate between industry and government over how much — and what type — of information the government should collect, use and disseminate about the estimated 3 million workers who are injured or get ill at work in any given year.
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The IPCC, climate change and business
Every five to seven years, the Intergovernmental Panel on Climate Change releases a comprehensive scientific assessment of the Earth's climate. The first section of the IPCC's fifth report covered the scientific basis of how and why the climate is changing, as well as predicting what we can expect in the future. But what do the most recent findings mean for businesses? In addition to spurring policy and regulation debate, the report's findings beg the question of whether businesses are doing enough, given our understanding of the risks that climate change poses over the short- and long-term.
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Looking for similar articles? Search here, keyword(s): Climate risks.

Social media bring financial advisers risks, rewards
Investor's Business Daily
Most financial advisers today cut their teeth on professional conduct rules first inked in the Depression. But now they find themselves thrust into a faster world peppered with gray legal areas made more complex by the rise of social media. Social networks offer more exposure for advisers eager to recruit and build ties with new clients. They also present more risk in the guise of legal liabilities that can draw the ire of the Securities and Exchange Commission and Financial Industry Regulatory Authority, which strictly limit how advisers advertise their services to clients.
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Focus food safety on people, not checklists
The Packer
Tim York writes, "More than 3,000 people die each year because of foodborne illnesses, and as an industry we have to do better. It starts by creating a culture based on the premise that food safety is about people. This requires an understanding that — at the end of the day — we want to provide safe food to customers and consumers not just to comply with food safety regulations or limit liability, but because it's the right thing to do. Our company values include "do the right thing" and "people matter" — a perspective that as an industry we should all embrace."
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Missed last week's issue? See which articles your colleagues read most.

    Employment litigation: Who is your enemy? (Small Business Trends)
Driving value with risk management (Business 2 Community)
Employee wellness programs boost employee satisfaction and productivity (By Joy Burgess)

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Colby Horton, Vice President of Publishing, 469.420.2601
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