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Nov. 28, 2013


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Are you prepared for times of disaster?
Constructech magazine
Recently, the Midwest experienced sweeping tornadoes, and while the aftermath of such events is primarily focused on helping homeowners get back on their feet, many construction business owners in the areas affected also have big task ahead of them — get their business up and running as quickly as possible to help rebuild the cities. But how do you do that if your IT systems are down?
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10 things every CEO should know about risk management
Grant Thornton
While a CEO should look to their risk professional to explore the unthinkable and challenge the previously unchallengeable, the following are 10 questions a chief executive should find the answers to from their head of risk in order to inform strategies for growth.
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Supply chain remains a risky business
EBN
As an industry, we need to shift our focus from thinking about and talking about supply chain risk and do more about actively managing it. A recent study found that very few companies are developing an active investment strategy in risk management. Ninety-five percent of companies strongly agreed that they should monitor and measure supplier risk indicators to predict events. That same group of companies stated that only 30 percent did this job well.
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What legal issues affect workplace dress codes?
Business Management Daily
Q: We have been contemplating developing a dress code. What kinds of legal issues do we need to consider? A: When drafting your dress code policy, you should be able to answer each of the following three questions: Are there safety concerns that must be addressed?; Are there business concerns that must be ad­­dressed?; and Do your policies discriminate or harass a protected class based on a stereotype?
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Business urged to prepare for disasters
BusinessWorld Online
Top United Nations disaster risk reduction officials have called on the private sector to draw up plans ensuring sustainability of operations despite property losses, supply chain disruptions and other external shocks after a disaster. They also urged business and nongovernmental groups here to work with the local government in coming up with a long-term plan for a resilient Cebu and setting an example of public-private collaboration in disaster risk reduction.
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October's retail sales show hints of economic recovery
International Business Times
A growth in retail sales in October seem to be promising a merry holiday sales season for the retail sector and signaling that the economy is picking up despite the recent government shutdown. October retail sales numbers recently released by the U.S. Census Bureau show retail sales (excluding automobiles, gas stations and restaurants) increased 0.4 percent from September and 3.9 percent from last year, and FTI Consulting, a global business advisory firm, forecasts a 4.9 percent increase in this season’s holiday sales.
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Winning with risk in an uncertain world
Bangkok Post
Three things are clear from the PwC Global CEO Survey in 2013: The threats facing chief executive officers are coming from all directions; they're coming harder and faster; and they're coming in more subtly varied forms. Confronted with this changing risk landscape, CEOs recognize that traditional risk management techniques aren't enough. And, in a stagnating global economy, they know they can't rely on a rising tide to come to the rescue.
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OSHA proposal comes under fire
Human Resource Executive Online
Employers and industry groups are voicing concerns over a proposed rule that would require thousands of companies to electronically submit injury and illness data to the Occupational Safety and Health Administration on a quarterly basis. Observers say these worries are well-founded, and caution HR to prepare for ramping up OSHA recordkeeping training should the rule be finalized.
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Supply risk management: Exploring supply-side risk factors, macro contributing trends
Spend Matters
In addition to buy-side initiatives, supply-side factors can create risk in several ways, such as financial pressure, technology gaps and consolidation. There are also a number of macro trends that help create supply risk.

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Have plans in place for 'unknown unknowns', buyers told
Supply Management
Stephen Easton recently told the ProcureCon conference in Amsterdam unknown unknowns were by their nature difficult to predict but they included how laws are going to change in future, what regulations could be introduced, how global terms of trade might alter and natural disasters.

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TRIA renewal good for economy and taxpayers
Roll Call
Equating terrorism risk with natural catastrophe risk ignores another key difference between the two: the human element. Natural catastrophes are fortuitous events; terrorist attacks are not. For a terrorist event to occur, a plot must be hatched and then executed by one or more individuals.

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Strategies: How to detect and prevent workplace fraud
Denver Business Journal
A typical organization loses about 5 percent of its revenue to fraud each year, according to a 2012 report by the Association of Certified Fraud Examiners. The ACFE report found that asset misappropriation schemes are by far the most common type of workplace fraud, comprising 87 percent of the cases reported. While asset misappropriation schemes are the least costly form of fraud, with a median loss of $120,000, the impact of other costs, such as reputational harm and diversion from day-to-day operations, is difficult to quantify.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    TRIA renewal good for economy and taxpayers (Roll Call)
Business continuity, disaster recovery among top information security priorities
(Canadian Underwriter)
4 areas of focus to enhance risk management capabilities (Forbes)
Board members create security risks (Reuters )
How companies respond to strategic threats in a hyper-connected world (CGMA Magazine)

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RiskWire
Colby Horton, Vice President of Publishing, 469.420.2601
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Lisa Smith, Senior Content Editor, 469.420.2644 
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