All Risk News articles – Page 5
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Risk News
UK audit reporting warning
A quarter of the UK's larger companies do not provide proper reports to shareholders on audit practices, a leading pension fund group has claimed. In its response to the Financial Reporting Council's (FRC) recent consultation on the Combined Code on corporate governance, the Local Authority Pension Fund Forum (LAPFF) says ...
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Risk News
Protection against emerging risks
A new insurance product offers businesses protection in the event of a loss of data or network failure resulting from administrative mistakes, accidental damage or computer attacks. Designed by Lockton in partnership with underwriters Kiln, 'Business resilience' is intended for companies with time critical networks who have already invested ...
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Risk News
US benchmark study
Good e-mail security produces tangible benefits, but ‘best in class’ companies are in the minority. A recent US report on the costs and losses, including data leakage, associated with e-mail shows that companies' experience varies widely. Despite increased e-mail traffic and more sophisticated attacks, best in class companies decreased the ...
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Risk News
Opportunities from climate change
Climate change is creating new business opportunities for companies. However, a recent review of sustainability reports suggests that companies are not taking full advantage. Generally those companies that do report on opportunities focus on the area of carbon credits. However, companies that anticipate regulatory developments and changes in consumer demand, ...
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Risk News
Discrimination still rife in UK
Last year, claims of sexual discrimination rose by 2,524 to 14,250 and racial discrimination cases increased by 786 to 4,103 in the UK. Only 86,083 of the 115,039 claims made were disposed of, leaving 28,956 claims unresolved. The Chartered Management Institute has responded with guidelines to help organisations put diversity ...
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Risk News
NEDS name top risks
A recent report names the top ten risks keeping non-executive directors (NEDS) awake at night as: health and safety, market risk, financial risk (including financial crime), environmental, implementation of large complex projects, high turnover of staff, pensions, knowledge of industry, speed of critical decision making, and organised crime. The report, ...
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Risk News
Living longer, costing more
Continuing increases in life expectancy have caused growing concern at the financial burden faced by occupational pension schemes and their sponsors. New insurance and investment-based products have been launched to help schemes manage the risks of future increases. But Mercer Human Resource Consulting warns that companies should take steps to ...
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Risk News
Business benefits from compliance
UK-based foreign private issuers are starting to see business benefits from their first year's compliance with the requirements of Section 404 of the US Sarbanes-Oxley Act. But in many cases the process has been time and cost intensive, with considerable room for improvement, according to a survey from PricewaterhouseCoopers LLP. ...
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Risk News
Brownfield housing – who pays?
As many as two-thirds of the three million new affordable homes pledged by UK Prime Minister Gordon Brown are likely to be built on former industrial land, including former landfill sites. But at present there is no clarity over who would be held liable for the consequences of contamination created ...
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Risk News
Recalls are a turn-off
As authorities report soaring numbers of recall and safety reports, their effectiveness in terms of consumer safety seems to be diminishing
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Risk News
Class actions across Europe?
Some European countries have already seen legislative changes designed to facilitate the bringing of group actions in some cases. How do StrategicRISK Benchmarking Club correspondents view class actions and their possible impact? Sue Copeman describes the results of our latest survey
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Risk News
Public sector risk in PPPs
A survey has revealed that the public sector is a key source of risk during the construction phase of public-private partnership (PPP) projects. The Anatomy Of Construction Risk: Lessons From A Millennium Of PPP Experience, published by Standard & Poor's Ratings Services, also revealed that there was only a weak ...
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Risk NewsFace up to climate change
Companies need to face up to the realities of climate change and the risks that it poses to their long term interests. Environment and Climate Change Minister Ian Pearson, addressing a meeting of US businesses in New York on 9 May, said that a business's vulnerability to the threats of ...
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Risk News
Measuring risk management success
One of the key challenges facing risk management professionals is the ability to demonstrate a link between enterprise risk management and improved financial performance that usually comes in the form of reduced earnings volatility. At this workshop, hosted by Eddie McLaughlin, managing director of risk consulting, Marsh Ltd, James Maxwell, ...
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Risk News
Corporate responsibility
At a workshop hosted by PricewaterhouseCoopers, directors Jon Hauck and Tina Trickett set out to explore what corporate responsibility is and what is driving its future, in front of a mildly sceptical audience. Their theme was that the issue was of growing importance to organisations, and that big statements from ...
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Risk News
More than corporate philanthropy
Jon Hauck says that corporate responsibility is now recognised as a crucial element of success
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Risk News
Still not prepared
Multinational corporations are facing increasingly diverse, complex and exotic risks, and may not have all the resources in place to manage them effectively, according to Aon's first global risk management survey. More than half of the survey's 320 respondents said they were not prepared for the risk they rated as ...
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Risk News
New guidance on physical interventions
BIIAB (the leading awarding body for the UK licensed retail sector) and Skills for Security (the skills and standards setting body for the security business sector) have launched a good practice guide to address the issue of physical interventions. The aim is to reduce the incidence and impact of injury ...
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Risk News
Crime goes unreported
A survey by Infosecurity Europe of 285 companies has found that a third of businesses do not report their information security crimes and breaches. According to interviews with a panel of 20 chief security officers of large enterprises, businesses are subject to attempted e-crime every day, but it is hard ...
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Risk News
Correction
In our April article, Time for Review, the conclusion on the UK Bartoline ruling's influence in other countries should have read: 'The Bartoline ruling would be persuasive in the courts of other countries and likely to have an influence on any judgements handed down in other territories should a comparable ...
