SOA Blog

Risk management links for the week of January 30

Each Friday we provide links to the best online articles and conversations about risk management. If you would like to add to this list, just leave a summary and a link in the comments section. Enjoy the links for the week of January 30, 2012.

  • Sunil Chacko, a doctor, public health and finance specialist and professor, discusses the necessity for employing risk management tools when introducing high-technologies to high-growth markets like India. While highly competitive lithium ion battery manufacturers in Japan, China Taiwan and Korea see India as a tremendous market for growth, Chacko says, “Industrial countries [such as India] have not accumulated safety data nor industrial standard, testing methodology and safety standard.” A key learning from industry leaders in Japan coming out of the Fukushima disaster is the importance of employing an independent entity for safety standard and evaluation methodology for large capacity lithium-ion batteries. (Source: Huffington Post)
  • Recently published findings based on an analysis conducted by the Carbon Disclosure Project (CDP) show that some major U.S. companies are evolving at a steady pace when it comes to reducing climate change risk across their supply chains. The report, which took a look at companies such as L’Oreal, Wal-Mart and Philips, as well as each of their suppliers, “indicates that companies at the top of the supply chain are already redefining the ways in which they operate, making real changes to their supplier procurement models,” says Frances Way, of the Guardian Professional Network. (Source: The Guardian)
  • A recent survey of IT managers, which assessed the actions employees take that put enterprise security at risk, showed that about 12 percent of IT managers conduct regular reviews to ensure user access is not presenting any risks to the organization. The majority of IT managers say they want to improve risk management, but while they may understand how to manage critical risks, about half of respondents say they lack access to the data necessary to do so. (Source: IT Business Edge)
  • In this article, the Nature Conservancy’s Mark Tercek, who recently hosted a panel at Davos that included CEOs of multinational beverage, food and mining companies, addresses the topic of resource scarcity, pointing out the ineffectiveness of addressing business risks in a one-off, “silo-ed” manner. He says smart resource management requires companies to have more integrated approaches – not just internally, but also with customers and suppliers – for handling resource-related challenges. (Source: World Economic Forum Blog)


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