Business Reporter

What do risk appetite and risk tolerance really mean for directors? The Institute of Risk Management is attempting to bring clarity to the confusion When the Financial Reporting Council (FRC) published the latest UK Corporate Governance Code in May last year, it came with something of an Orwellian twist: it had removed all references to [...]

Once seen as a cushy number, the role of nonexecutive directors is now critical if future corporate failures are to be averted In business, as in life, it is optimists who make things happen. But when focusing on the positive means turning a blind eye to risks, things can go badly wrong for even the [...]

As the speed of change in the global economy dramatically alters the world of risk assessment, how can companies better prepare against emerging technologies? Today’s ruthlessly competitive and fast-moving global economy is a place where corporations that fail to assess their exposure to all kinds of risk are punished harshly, but those that do can [...]

Whether it’s financial turmoil, security or social unrest, businesses are facing an increasing number of risks in the UK and overseas In THE WAKE of the worst financial crisis in living memory, it is no surprise that financial and market factors are top of the risk management agenda for many major businesses. “With the fragile [...]

…ignoring the possible pitfalls companies face can be a costly business In this complex and ever-changing world, none of us can be sure of what the future holds. But if we can’t claim to have a crystal ball, those in management should at least have plans and processes for dealing with the changes and challenges [...]

With businesses making international links more than ever, how can firms best factor geographic, political and social trends into their strategic risk assessment? We are all international now. Any corporation of any size will feel the waves from a revolution in the Middle East or an earthquake in China or a butterfly in Brazil, and [...]

Global survey explores the top business risks that can be turned to an advantage One person’s risk is another’s opportunity. So this year, international consultancy firm Ernst & Young has broadened its annual global risk survey to include the major opportunities perceived by experts and business leaders. “While risk continues to dominate the business agenda, [...]

Corporate lawyers need help managing the massive volume of data crossing their desks In-house legal departments are at the epicentre of company risk management, but too often they lack clear information arising from multiple ongoing legal cases. “Accessible and verified information is fundamental to effective risk management,” says Larry George, an experienced commercial lawyer and [...]

In the past, risk managers’ training and experience have been somewhat limited – but now moves are afoot to change all that Risk management has become a mission-critical function in financial institutions, but are risk managers up to the job? The evidence of the credit crisis – and the subsequent round of sackings among banks’ [...]

Automated due diligence model applies a factual testing approach to create a more transparent way of comparing banks When the Victorian engineer David Kirkaldy built the world’s first specialist testing laboratory for materials in London as a service to engineers, he had carved in stone over the entrance the words ‘Facts Not Opinions’. Kirkaldy tested [...]