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Information & Links
Preparing for disaster – A global study into corporate preparedness for disaster recovery and business continuity.
The latest global business survey from Regus reveals that companies across the world are almost evenly split between those that do have a disaster recovery plan in place for IT systems or workspace and those that do not. The main reasons for failing to have such a plan in place is reported to be the perceived high cost, although national variations are significant.
Playing it safe: are you taking more risks than you should
Risk is at the heart of business, but directors don’t always realise their own vulnerability. Better Business explores some of the biggest risks business owners face, and how good risk management can help to mitigate them.
Third Sector Governance
The Third Sector is no different from any other business, in that a statutory framework exists, which in this case is the Charities Act administered by the Charity Commission, that prescribes how Trustees must act. Interestingly, most Trustees are unaware of their legal responsibilities or indeed that they have the same unlimited personal liabilities as company directors.
Restructuring in the Third Sector
The current political and economic climate has lead many third-sector organisations to question whether their business models are still financially viable or fit for purpose and they are anticipating a hard time ahead as the recession begins to bite.
The Bribery Act 2010 modernises the law on bribery. It came into force on 1 July 2011 and could serious implications on how you do business both here and abroad.
Business Continuity Insurance
insurer or broker make allowances for effective risk management and Business
Business Continuity Institute (BCI) has published a guide to Business
Interruption Insurance (BII) and Business Continuity
BCM can help with BII
by reducing risk as well as the scale and duration of losses
Discounts of up to 15% were achieved by some organisations from
some insurance providers
the report clearly illustrates that companies with
their election The Coalition Government made a commitment to develop new
opportunities for civil society organisations in public service delivery. The
consultation currently in progress will open more doors to Social Enterprises,
stated in the Green Paper issued on 7th December 2010, as it
In line with the consultation the forthcoming White Paper will explore how to maintain continuity of service and manage risks in light of these reforms.
Insurance arrangements flawed
Following on from their 2010 report, which concluded that neither companies nor insurers were sufficiently on top of the significant changes to corporate risk caused by the recent economic upheaval, the 2011 MacTavish PwC study digs much deeper into how risk is transferred from businesses to insurers and uncovers major flaws in how insurance is arranged.
Download the report here - ‘Corporate Risk & Insurance - the case for placement reform’'
The Hazard Warning Report by insurer Zurich says that more firms are optimistic about prospects today than 12-months ago, while the state of the UK economy, emerging market opportunities and supply chain risk are the most important factors affecting companies.
Download the report here - 'Manufacturing Hazard Warning'
In today’s world of strife, dependence upon technology, and the tendency for things to go wrong just because they can, it’s easy to become bogged down in planning for every flap of the butterfly’s wing. What is often overlooked, is the huge difference between planning for what might cause a denial of access to business resources, and how the crisis is actually handled.
Download the article here - 'A War of the Words!'
Managing Threats in a Dangerous World
The CMI 2011 Business Continuity Management Survey shows clear advantages for organisations which do have plans in place to deal with crises when they hit. Of those who had to activate plans, 84 per cent agreed it reduced disruption and 77 per cent stated that any cost in developing plans is offset by the business benefits they bring.
Download the report here -
Organisations in the third sector are under no less pressure than their counterparts in the commercial world to demonstrate they have procedures in place to deal with adverse events. Trustees bear the ultimate responsibility and the Charity Commission publishes specific guidance on risk management.
Download the article here - 'Continuing to Function in a Crisis'
Download a Guide for Trustees here - 'Charities & Risk Management'
Other useful links
© Gimple Associates 2011
t: 07974 099221