Risk-averse companies lose out in 2021

Risk-averse companies lost out in 2021 compared to those who embraced risk during the pandemic, according to a survey by the consultant BDO.

In a poll of 500 c-suite executives, 53 per cent or risk-welcoming businesses said they fared Read more

Businesses face inflationary pressures

Businesses are facing inflationary pressures according to the Bank of England (BOE).

Both the BOE’s chief economist Andy Haldane and its external monetary policy expert Michael Saunders have warned that the UK could be in for a rocky ride. Read more

Reducing risk in the decision-making process

Many organisations traditionally use a top-down approach. Leaders are expected to lead from the front, to make decisions and set wider goals that are communicated to the business. But does this approach increase the risk that management might itself Read more

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.

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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 Read more

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 Read more

IRM appoints independent non-executive chair – Stephen Sidebottom

At a time when managing risk is at the forefront of every leader’s strategic decision making, the leading professional body for risk management, the IRM, has appointed a new independent non-executive chair.

Stephen Sidebottom, MA, MBA, Chartered Read more

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 Read more