Managing Business Risk : A Practical Guide to Protecting Your Business

by Jolly, Adam; Cox, George

• ISBN13: 9780749440817
• ISBN10: 0749440813
• Format: Hardcover
• Copyright: 2003-09-01
• Publisher: Kogan Page Ltd

Summary

* Identifies best practice in risk management in all areas from credit management to environmental issues * Contributors include Clifford Chance, Ernst & Young, Hiscox, Strategic Thought, Zurich Risk Services * Of interest to owner-managers, CEOs and senior executives Ensuring business continuity through the effective management of financial risk and wider business risk has become a boardroom preoccupation. Directors are now expected by stakeholders to establish a clear profile of risks within the business and to manage them in an active and integrated way that improves operational performance and return on capital. Passively complying with rules and regulations is no longer enough. This important new book highlights the key areas of concern and identifies best practice in risk management for companies large and small.

Table of Contents

Foreword	xviii
Part 1: Value and cost
1.1 Premium on managing business risk	3	(3)
Lord Levene, Chairman, Lloyd's of London
1.2 Risks that matter	6	(7)
Dr Rory F Knight, Chairman and Dr Deborah J Pretty, Oxford Metrica
1.3 The changing face of risk	13	(4)
Roger Cottell, Managing Director, Zurich Risk Services
1.4 Reputational risk	17	(6)
Tony Blunden, Director of Operational Risk and Ed Allen, Manager Financial Services Risk Management, Ernst & Young
Part 2: Change and continuity
2.1 Change programmes	23	(9)
Ashish Singh, Senior Manager, Programme Assurance Services, Ernst & Young
2.2 Enterprise risk management	32	(8)
Tom Teixeira, Head of Risk Management, Strategic Thought Ltd
2.3 Capital projects	40	(6)
Andrew Thorp and Nicholas Spencer, Real Estate Programme Assurance, Ernst & Young
2.4 Risks in the supply chain	46	(5)
Sam Tulip, The Chartered Institute of Purchasing & Supply
2.5 Business continuity	51	(6)
Ian McNeil, Zurich Risk Services
2.6 Service interruptions	57	(8)
Ian Charters, Continuity Systems Ltd
Part 3: Governance and control
3.1 Corporate governance	65	(11)
Laura O'Neill, Partner and David Martin, Associate, Clifford Chance
3.2 Governance, management and systems	76	(5)
Timothy Bush and John Hele, British Standards Institute
3.3 Implementing Sarbanes-Oxley Section 404	81	(12)
Fiona Sheridan, Senior Manager; Business Risk Services, Ernst & Young
Part 4: Integrity and accountability
4.1 Environmental, social and ethical disclosure	93	(5)
Douglas Johnston, Senior Manager Prograrnme Assurance Services, Ernst & Young
4.2 Corporate social responsibility: opportunities and risks	98	(7)
John Wade, Senior Consultant, Control Risks Group
4.3 Political risk	105	(8)
Nick Allan, Associate Director, Control Risks Group
Part 5: Legal considerations
5.1 Anti-competitive practices	113	(8)
Alex Nourry, Partner and Toby Tyler, Associate, Eusmean Competition and Regulation Group, Clifford Chance
5.2 Commercial and professional indemnity	121	(6)
Justin Bowen, Professional Insurance Manager Hiscox Insurance Company
5.3 Directors' liabilities	127	(8)
Julian Elms, UK & Ireland Directors & O/Beers Manager, ACE European Group
Part 6: Financial risks
6.1 Controlling financial risk	135	(5)
Bibby Financial Services
6.2 Quantifying uncertainty	140	(5)
Andrew Tivey, Partner and Ellynne Dec Assistant Director, Strategic Finance Services, Ernst & Young
6.3 Managing derivatives risk	145	(9)
Anthony Belchambers, The Futures and Opliojis Association
6.4 Fraud	154	(7)
Simon Dawson, Control Risks Group
Part 7: Knowledge and systems
7.1 Intellectual property	161	(7)
Vanessa Marsland, Partner and Catherine Shaw, Associate, Clifford Chance
7.2 Information at risk	168	(5)
John Butters, Partner Information Systems Assurance and Advisory, Ernst & Young
7.3 Information security	173	(8)
Peter Yapp, Deputy Director, Control Risks Group
Part 8: At work
8.1 Creating a safe working environment	181	(5)
Roger Cottell, Managing Director Zurich Risk Services
8.2 Employment practices	186	(8)
Chris Osman, Partner, Employment Unit, Clifford Chance
8.3 Health and safety	194	(4)
Kath Crilly, HSE Publications
8.4 Occupational health	198	(5)
Winston Dudley-Brown, Zurich Risk Services
8.5 Employee absence	203	(10)
Sharon Lyons, CIGNA
Part 9: Catastrophe and loss
9.1 Flood	213	(4)
Roy Stokes, Regional Flood Defence Operations Engineer, Environment Agency
9.2 On the road	217	(3)
Ian McNeil, Zurich Risk Services
9.3 Asbestos	220	(4)
Ian McNeil, Zurich Risk Services
9.4 Fire	224	(5)
Phil Moore, Zurich Risk Services
Index of advertisers	229