The latest enterprise risk management news from around the world

Four key concepts for effective risk management

Alexei Sidorenko provides an overview of four key criteria that are essential for effective risk management. The criteria are: integrating risk into decision making; strong risk management culture; disclosing risk information; and continuously improving risk management.

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New code of practice helps organizations manage business travel risks

BSI has published PAS 3001:2016 ‘Travelling for work – Responsibilities of an organization for health, safety and security – Code of Practice’. Developed in association with International SOS this new code of practice advises organizations on how to address and manage the health, safety and security risks posed to their employees who are travelling for work.

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Can you really calculate the probability of uncertainty?

By Geary Sikich.

Many aspects of risk management are deeply rooted in mathematical formulae for determining probability. This heavy dependence on mathematics to determine probability of risk realization may create ‘false positives’ regarding a risk that can be either positive or negative.

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