Includes bibliographical references.

Intro -- Contents -- Foreword -- Contributors' notes -- Introduction -- Part one Boardroom focus on risk issues -- 1.1 Risk recognition in the boardroom and its management -- Introduction -- The role of the board -- The changing nature of risk -- 1.2 Risk appetite: cut through the hype -- Introduction -- The challenges -- Designing a risk appetite -- Expressing risk appetite -- Using risk appetite as the basis for risk control -- References -- 1.3 Capital project risk management: foundations to mastery -- Capital project risk management and its benefits -- Mastery - capital project risk management to drive capital effectiveness -- Copyright and disclaimer -- Notes -- Sources and references -- 1.4 Asset integrity risk management -- Introduction -- Overall approach to asset integrity management -- Resources -- The link and alignment of asset risk management with ISO 31000 -- Note -- Reference -- 1.5 Piercing the corporate veil: liability of parent companies for the actions of their subsidiaries -- The principles of the corporate veil -- When a claim might be made against a parent company instead of its subsidiary -- Parental responsibility -- Practical steps to protect or reduce a parent company's liability to its subsidiary - the corporate angle -- Practical steps to protect or reduce a parent company's liability to its subsidiary - the insurance angle -- Summary -- 1.6 A new dawn for board oversight -- Corporate governance developments -- Has it all gone horribly wrong? -- What are we trying to achieve? -- Do we understand who is doing what? -- Has risk management been properly embedded into our business processes? -- Have we considered our risk appetite? -- Do we view risks in isolation? -- Have we factored scenario planning into our risk management processes? -- 1.7 Positive risk: the upside issues -- Introduction -- Organizational challenges.

How do we see positive risk? -- Positive risk terminology -- Reinforcing the paradigm of downside risk -- Think like an entrepreneur? -- What we can do in practice -- Notes -- References -- Part two Approaches to operational risk management -- 2.1 Risk-based security -- Characteristics of security risks -- Components of security risks -- Reduction of security risk -- Conclusion -- Notes -- References -- 2.2 Preparing for uncertainty: using scenarios -- Introduction -- The first approach -- Defining 'scenarios version 2' -- Preparing for the scenario process -- Preparing for the future: the process -- Preparing for the future: the value -- 2.3 Operational risk in finance: lessons learned from safety-critical industries -- The evolution of a systems perspective on safety -- What is human error? -- Controls as barriers -- Learning from incident registration and investigation -- Learning from risk analyses -- Organizational culture -- Conclusion -- 2.4 Managing risks in the supply chain: reaching new standards -- Introduction -- Improving the management of risks in the supply chain -- Taking risk management live -- 2.5 Software and Cloud escrow: an effective tool for managing risk and new business opportunities -- Introduction -- What can go wrong: negative examples and risky situations -- What can go right - positive examples and opportunities gained -- Escrow explained -- Risk and opportunity management with software escrow -- Conclusion -- Notes -- Reference -- 2.6 Frugal enterprise risk management and ISO 31000 -- Introduction -- The context for frugal risk management in the present decade -- The application of ISO 31000 to the charity -- The benefits of frugal risk management -- References -- Part three Risk management applications -- 3.1 Understanding cyber security risk -- The new threats -- Businesses are at risk -- Managing the risk.

Developing a strategy -- 3.2 Managing business risk in the life sciences industry -- Introduction and overview of the life sciences sector -- Risks and challenges associated with innovation -- 3.3 Independent assessment and certification: good for food safety - good for business -- How it all began - the emergence of food safety -- The drive to harmonization -- Where we are today -- The role of independent third-party certification -- Key components of a robust assessment process -- Summary -- 3.4 Opportunities and pitfalls of distance learning -- Attractions of distance learning -- Ideal vs less suitable contexts for distance learning -- Organization-specific learning programmes -- Risks of distance learning programmes -- Overcoming the challenges -- 3.5 Current risk issues in employment -- When an employee resigns without notice, what is the effective date of dismissal? -- TUPE service provision changes: how to spot an 'activity' -- Part Four Risk assessments of high-growth emerging markets -- 4.1 Managing business risks in Brazil -- Introduction -- The changing face of risk management in the BRICs -- Business risks in Brazil -- Closing remarks -- 4.2 China: balancing opportunity and threat -- Political risk -- Economic risk -- Business environment risk -- Summary -- References -- 4.3 Russia: business risk in 2013 -- Political risk -- Operational risk -- Security risk -- Conclusion -- Acknowledgement -- 4.4 India: the risk environment -- Reform agenda on the back burner -- Corruption reborn -- Political pressures take precedence -- Notes -- References -- 4.5 Thailand: manageable business risk -- Background -- Business regulations for investors -- Buildings -- Political risk -- People and everyday life -- Summing up -- 4.6 South-East Asia: managing risk regionally through delegation -- Geography and population -- South-East Asia's economics.

Political landscape -- Social, cultural and spiritual diversity -- Business approach and risk -- Authority, responsibility and accountability -- Delegation of authority -- Effective delegation of authority implementation -- Corruption risk and managing corruption risk -- A final word of caution -- Appendix -- Contributors' contact list -- Index -- Index of Advertisers.

Filled with expert advice from contributors within the industry, Managing Business Risk is a practical guide that will help in identifying potential areas of risk within a business.

Description based on publisher supplied metadata and other sources.

Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2021. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.