Managing Business Risk

The effective management of risk is now a key boardroom issue. Companies realise that, while financial integrity and business continuity are still of primary importance, these must be considered alongside practical business risks, such as branding and reputation, employment practices, product liability, health and safety, fraud, intellectual property, customer loyalty and supply chains. Problems in any of these areas can undermine prospects for creating value and delivering earnings to forecast. To manage business risks it is imperative that a company's board is structured to provide clear controls on risks and to deliver transparent reporting to stakeholders. Passively complying with rules and regulations is no longer an option. The second edition of this practical guide to potential areas of risk within a business contains invaluable advice for directors of both large and small companies, bringing readers up to speed with the latest thinking and techniques for managing risk in a structured and integrated way. "Filled with expert advice...an invaluable asset to any company that is forward thinking." -Commerce & Industry, May/June 2005 "This really excellent publication should have a firm place on the book shelves of security companies and be a constant source of information and advice." -Professional Security, June 2005 "An impressive collection of articles and essays giving best practice advice on all aspects of managing risk." -Manager, June 2005 "Managing Business Risk collects the wisdom of expert practitioners in a range of fields including corporate governance, law, finance, insurance, health and safety, and business continuity. Organised into key subject areas, essays from the experts provide and objective viewpoint on key issues that businesses must face up to - beginning with the recognition that 'it hasn't happened to us yet' is a weak excuse." Henley Management Website, February 2006reputational risk; change and continuity; risks in the supply chain; service interruptions; corporate governance; environmental, social and ethical disclosure; corporate social responsibility; political risk; anti-competitive practices; commercial and professional indemnity; directors' liabilities; controlling financial risk; fraud; intellectual property; information security; health and safety at work, occupational health; employment practices; catastrophe and loss: flood, fire, on the road.