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Returning to the office
As COVID-19 restrictions ease, organisations are considering how to return to the office. To get it right businesses will need to balance short-term and long-term planning to keep employees’ well-being at the top of the agenda, according to CIPD. In fact, maintaining hybrid working styles could be key any successful transition back to the office,…
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Surveillance regulations could block products
Online platforms could see European Union (EU) surveillance regulations block products for sale when they come into force this month. While those who manufacture import and deliver products still carry the responsibility for making their products safe, online platforms will also need to ensure the stuff they sell is safe and compliant with regulations, lawyers…
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Businesses suffer from poor contracting processes
More than half of the world’s major companies lose revenue and business opportunities because of poor contracting processes, EY Law and the Harvard Law School Center on the Legal Profession have said. More than half of business development leaders (57 per cent) said contracting inefficiencies have slowed revenue or – in half of cases –…
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Organisational resilience moves centre stage
Organisational resilience has moved centre stage for many businesses during the pandemic. That is why IRM’s Innovation Special Interest Group has published fresh guidance for risk professionals, which is available here. The paper defines operational resilience (OR) as the blend of proactive ERM culture and process that focuses on maintaining continuity in a disruptive climate.…
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UK Government consultation on supply chain cyber risk
The UK government has launched a consultation on how how different organisations manage supply chain cyber risk. It aims to understand the potential barriers that could prevent effective supplier risk management. “We know that relatively small proportions of organisations are effectively managing cyber security risks posed by their suppliers,” it said in its consultation document.…
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Data sharing code of practice before UK Parliament
A data sharing code of practice has been placed before the House of Commons in the UK that provides guidance on how organisations should manage the information they collect and use. “The code contains practical guidance on how to share data fairly and lawfully, and how to meet your accountability obligations,” said the Information Commissioners…
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IRM’s digital ethics guidelines
Risk managers play a critical role in ensuring that digital technologies are implemented ethically. That requires thinking beyond compliance and ensuring that risk managers are guided by their moral compasses, says IRM Digital Ethics Guidelines. “As risk professionals, we have a duty to ensure that new technologies are developed and used in ways that will…
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Supply chain disruptions rise
The number of businesses experiencing ten or more supply chain disruptions rose in from 4.8 per cent to 27.8 per cent during 2020, according to a report by BCI. BCI’s Supply chain resilience report 2021 found that most organisations suffered delays in transportation. That affected cross-border land transportation the most 84 per cent, but domestic…
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EU bans unacceptable AI
The European Union has launched a regulatory regime for artificial intelligence that bans systems that are likely to pose and unacceptable risk to society. The move creates the first ever legal framework for AI and it has published separate rules on machinery that take account of the increasing ubiquity of AI in manufacturing. “On Artificial…
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Enterprises switch focus to digital innovation
Enterprises IT teams have chosen digital innovation as their main focus following the pandemic, according to a survey by the analyst Gartner. Although IT budgets only inched up by 2 per cent this year, chief information officers have switched their strategies to boost digital transformation. In the survey, 63 per cent of top performing companies…
