risk management
Understanding the significance of spreadsheet risk
Ewen Ferguson, associate director at consultancy and audit firm, Protiviti, offers advice on understanding the significance of spreadsheet risk and how to implement a risk management policy.
Why open source software is putting businesses at risk
Richard Kirk of Fortify Software argues that many companies are leaving their businesses vulnerable through the use of open source software. Its very nature makes its security weak and both the development community and companies should become more aware of risk.
Failure of governance and risk compliance unforgiveable under Madoff
Here we outline why it is so stunning that due diligence, risk analysis and corporate governance rules would fail to spot Madoff's danger. Is the world only paying lip service? Gerry O'Kane comments.
Stupidity and negligence: do they explain Madoff's risky business
Here we go again, ‘there shall be a weeping and gnashing of teeth' heard globally as pension funds, charities and banks lament the loss of billions ...
Managing the cost of fleet insurance
From fuel costs to health and safety, companies with vehicle fleets have seen costs spiraling in recent years. One way to manage costs is to examine current insurance policies, with a view to obtaining lower insurance quotes and thus reducing the costs of premiums. Peter Blanc from Oval Insurance Broking outlines a number of ways that insurance costs could be curtailed and details how a structure of payments, using premium financing options might benefit a company in these days of restricted cashflow.
Risk management: Getting employees to change behaviour
Management can examine risk and draft all-encompassing and detailed health and safety policies, but what happens when employees' behaviour doesn't reflect the procedures? Jon Crook examines the legal and management problems companies face when attempting to change employee behaviour to reduce the risk. He also offers some solutions.
Action plan outline for businesses who suspect an online attack
The world now encourages an environment where computer crime is over-whelmed with opportunities. Martin Baldock argues that companies should be aware of how to defend themselves and produce a series of practical steps in preparation for a cyber attack.
How risk managers missed the credit crunch
Proponents of risk management argue it benefits the corporate culture but the current credit crunch shows the elite of risk analysis, the banks, managed to get it wrong. Carolyn Williams offers some reasons as to why risk analysis failed.
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more