Corporate Agreement in the Organization’s Risk Management System

2021 ◽  
pp. 15-23
Author(s):  
Evgeniia A. Borzykh
Keyword(s):  
Risk Management ◽  
Management System ◽  
Theoretical Research ◽  
Management Systems ◽  
Corporate Management ◽  
Scientific Publications ◽  
Brief Assessment ◽  
Risk Management System ◽  
Local Risk ◽  
Business Structures

The article examines the objectively existing need in modern market conditions to introduce and apply innovative approaches in the internal corporate management of commercial enterprises, including when building an effective risk management system. A brief assessment of the most widespread approach in Russia to the formation of local risk management systems is given. The article, using scientific methods of theoretical research, methods of scientific analysis and interdisciplinary synthesis (economics of law), methods of induction and deduction, generalization of the results obtained using a hypothetical-deductive method, substantiates the need for an effective local risk management system for Russian commercial enterprises. Arguments are given in favor of the use of innovative tools in the formation and filling of risk management systems. The article deals with the problems associated with the introduction of a corporate agreement as an effective tool in the system of minimizing commercial risks arising in the course of the activities of Russian business structures. The article presents the most relevant scientific publications on the topic of research and makes a generalized conclusion about the current state of research in the relevant field. The issue of the place of corporate agreements in local risk management systems is considered. The definitions are given and the main characteristics of risk management and its system, corporate agreement are given. The range of issues regulated by the provisions of the corporate agreement is outlined. The conclusion summarizes the arguments supporting the introduction of innovative tools into existing risk management systems. Arguments are given in favor of using a corporate agreement as an effective and low-budget tool to ensure the growth of the effectiveness of risk management systems in Russian business structures. The conclusion is substantiated that the use of a corporate agreement as an instrument of the risk management system is potentially capable of positively affecting the level of economic efficiency and competitiveness of commercial enterprises. Examples of corporate risks that can be minimized by applying certain provisions of the corporate agreement are given.

scholarly journals Analysis of Bio-Risk Management System Implementation in Indonesian Higher Education Laboratory

2021 ◽  
Vol 18 (10) ◽  
pp. 5076
Author(s):  
Anom Bowolaksono ◽  
Fatma Lestari ◽  
Saraswati Andani Satyawardhani ◽  
Abdul Kadir ◽  
Cynthia Febrina Maharani ◽  
...  
Keyword(s):  
Higher Education ◽  
Risk Management ◽  
Management System ◽  
Gap Analysis ◽  
Secondary Data ◽  
Education Institution ◽  
Management Systems ◽  
Primary Data ◽  
Risk Management System ◽  
The Impact

Developing countries face various challenges in implementing bio-risk management systems in the laboratory. In addition, educational settings are considered as workplaces with biohazard risks. Every activity in a laboratory facility carries many potential hazards that can impact human health and the environment and may cause laboratory incidents, including Laboratory Acquired Infections (LAIs). In an effort to minimize the impact and occurrence of these incidents, it is necessary to evaluate the implementation of a bio-risk management system in every activity that involves handling biological agents. This study was conducted in an Indonesian higher-education institution, herein coded as University Y. This is a descriptive, semi-quantitative study aimed at analysing and evaluating the implementation of the bio-risk management systems used in laboratories by analysing the achievements obtained by each laboratory. The study used primary data that were collected using a checklist which referred to ISO 35001: 2019 on Laboratory Bio-risk Management. The checklist consisted of 202 items forming seven main elements. In addition, secondary data obtained from literature and document review were also used. The results show that out of 11 laboratories examined, only 2 laboratories met 50% of the requirements, which were Laboratory A and B, achieving good performance. Regarding the clauses of standards, a gap analysis identified leadership, performance evaluation, and support as elements with the lowest achievement. Therefore, corrective action should be developed by enhancing the commitment from management as well as improving documentation, policy, education and training.

RISK MANAGEMENT OF EMERGENCIES OF BUSINESS STRUCTURES IN THE CONTEXT OF GLOBAL INFORMATIZATION

2017 ◽  
Author(s):  
Hamed Rashed Sayed Abdullah Alnuaimi ◽  
Keyword(s):  
Risk Management ◽  
Management System ◽  
Living Conditions ◽  
Normal Operation ◽  
Natural Phenomenon ◽  
Emergency Situations ◽  
Risk Management System ◽  
Business Structures ◽  
The Impact ◽  
Business Structure

Modern processes in a society increasingly began to take on the character of emergencies, namely, the situation in a certain territory, which developed as a result of an accident, a dangerous natural phenomenon, a catastrophe, the spread of a disease, a natural or other disasters that may or did entail human casualties, damage to health people or the environment, significant material losses and disruption of the living conditions of people. At the current time, such a situation is the COVID-19 pandemic, which has already claimed the lives of many people and brought significant economic consequences, including a complete shutdown of the activities of business structures. In this regard, the purpose of the study is to develop a conceptual framework for a risk management system for emergency situations, which can ensure the normal operation of a business structure and prevent its death in the event of an emergency event of any nature. The author analyzed the impact of the COVID-19 pandemic on society and the activities of business structures as one of the latest and most striking examples of emergencies. The analysis revealed that this event could completely destroy the business; therefore, the primary and indispensable criterion for the normal viability of a modern business structure is the ability of top management, based on a strictly scientific basis, to predict, carry out prevention, rationally control and effectively manage risks. Based on the analysis, the author proposed conceptual risk management of emergencies for business structures in the context of global informatization of digitalization. The proposed system is based on the fact that modern processes in society are a symbiosis of two concepts - emergency situations and "black swan", i.e. this is difficult to predict an event that has significant financial and material losses and a violation of the living conditions of an economic entity up to its complete dysfunction. The proposed comprehensive emergency risk management system will allow neutralizing two main and most ambitious consequences: catastrophic losses (financial, labour) and suddenness of the event.

scholarly journals Main directions of the development of the risk management system in corporations

2018 ◽  
Vol 212 ◽  
pp. 07012
Author(s):  
Natalia Rykhtikova
Keyword(s):  
Risk Management ◽  
Comparative Analysis ◽  
Management System ◽  
Business Processes ◽  
General System ◽  
Management Systems ◽  
Foreign Companies ◽  
Risk Management System ◽  
Management Procedures ◽  
High Level

Actuality and relevance of implementation of the risk management processes in the general system of management in organizations are justified in this article. Three major issues can be pointed out as referred to the implementation of the risk management system in modern organizations, such as 1) a high level of costs combined with relatively long payback period; 2) lack of the universal approach to the implementation of the risk management procedures; and 3) difficulties in identification of perspective directions of the systems under consideration. The basic directions of development of the risk management systems in the corporate structures are defined based on the results of comparative analysis of the experience of Russian and foreign companies. The activity in the field of risk management of such corporations as “Rusgidro”, “NMLK”, the Investment Company “RUSS-INVEST”, “Severstal”, “Gazpromneft”, “Metalloinvest”, “Philips”, “Nestlé”, and “Unilever” became the object of our research. Comparative analysis of practices of implementation of the risk management system has been performed based on the following criteria: organizational structure of management, register and prioritization of risks, structure and methods of risk management, and effectiveness of the risk management systems. The results of the study allowed identifying the following basic directions of development of the risk management systems in the corporations: amending register of prioritization of risks; increasing level of integration of the risk management procedures into the basic business processes of the corporations; expanding of use of the external assessments, credit rankings, etc. in the framework of implementation of the risk management procedures; increasing level of unification of methods of risk assessment and management that finally would be a prerequisite for improving effectiveness of the risk management systems in organizations.

scholarly journals Regulation and Risk Assessment of Payment Systems

2019 ◽  
Vol 9 (3) ◽  
pp. 40-55
Author(s):  
A. V. Larionov ◽  
E. S. Salina
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Risk Analysis ◽  
Management System ◽  
Payment System ◽  
International Standards ◽  
Management Systems ◽  
Practical Implementation ◽  
Payment Systems ◽  
Risk Management System

The study reveals features of the risk management in the payment system, taking into account the requirements of the Bank of Russia. Particular emphasis is placed on the implementation of practical aspects of organizing risk management systems in conformity with Bank of Russia Regulation No. 607-P dated 03.10.2017 “On requirements for the procedure for ensuring the smooth functioning of the payment system, indicators of the smooth functioning of the payment system and methods of risk analysis in the payment system including risk profiles”. The research uses international standards and approaches to the practical construction of risk management systems. The research suggests methodological recommendations for the construction of a comprehensive risk management system in the payment system. The results of the study can be used in the practical implementation of the Bank of Russia’s approaches to ensuring the smooth functioning of payment systems.

NOM-035-STPS-2018

2022 ◽  
pp. 64-71
Author(s):  
Raul Martinez-Balderrama ◽  
Gabriela Jacobo Jacobo-Galicia ◽  
María Elizabeth Ramírez- Barreto ◽  
Judith M. Paz-Delgadillo ◽  
Samantha E. Cruz-Sotelo
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Management System ◽  
Psychosocial Risk Factors ◽  
Psychosocial Risk ◽  
Management Systems ◽  
Present Evidence ◽  
Risk Management System ◽  
Review Articles ◽  
Statistical Validity

Looking at the structure of NOM-035-STPS-2018, there is an assumption that there are areas of opportunity to improve the implementation of the standard. Thus, the purpose of this research is to identify through a review whether there are areas of opportunity that can improve the implementation of NOM-035. For the review, articles addressing the psychosocial risk factors evaluation were selected and analyzed. Four topics of discussion were identified: impact of psychosocial risk factors, policy and regulations, management systems, and evaluation of psychosocial risk factors. Subsequently, a synthesis was made, and it was found that there are three areas of opportunity to improve NOM-035-STPS-2018: it does not have a risk management system, its instruments do not present evidence of statistical validity, and the instruments do not take into account indicators of consequence.

scholarly journals RISK MANAGEMENT IMPLEMENTATION PRACTICES IN RUSSIAN INDUSTRIAL COMPANIES: RESULTS OF AN EMPIRICAL STUDY

2020 ◽  
Vol 10 (4) ◽  
pp. 410-423
Author(s):  
M. O. Kuznetsova
Keyword(s):  
Risk Management ◽  
Management System ◽  
Building Materials ◽  
Mining Industry ◽  
Management Systems ◽  
Industrial Companies ◽  
Research Areas ◽  
Industrial Organizations ◽  
Risk Management System ◽  
Pharmaceutical Industries

The article analyzes the practice of implementing risk management in Russian industrial companies. The study conducted a survey of 96 industrial companies in various industries in order to identify the features of implementing a risk management system in Russian industrial organizations. The main goals of implementing risk management systems in industrial companies, the features of organizational risk management structures, the amount of costs for maintaining risk management systems, risk assessment methods, the activities of industrial organizations that integrate risk management processes, and the level of automation of risk management systems were identified.The method of assessing the level of maturity of risk management is proposed: absent, managed, quantitatively managed, optimized and advanced levels.Using cluster analysis, groups of Russian industrial companies in various industries were identified by the level of process maturity of the risk management system. The most developed in the field of risk management systems are companies in the mining industry, mechanical engineering, as well as those engaged in the production of consumer goods. Companies with the least developed level of risk management include companies in the furniture, pulp and paper, cosmetics, and pharmaceutical industries, as well as those that produce building materials.On the basis of the survey identified the main barriers introducing a comprehensive system of risk management of industrial companies.The described research areas will help to increase the effectiveness of the risk management system, which will help to increase the strategic stability of the company.

scholarly journals INTEGRATION OF PLANNING SYSTEMS WITH RISK MANAGEMENT SYSTEMS ON LARGE ENTERPRISES

2019 ◽  
Vol 10 (2) ◽  
pp. 122-133
Author(s):  
Yu. V. Trifonov ◽  
S. M. Brykalov ◽  
V. Yu. Trifonov
Keyword(s):  
Risk Management ◽  
Performance Management ◽  
Performance Indicators ◽  
System Integration ◽  
Management System ◽  
Key Performance Indicators ◽  
Nuclear Industry ◽  
Management Systems ◽  
Industrial Enterprises ◽  
Risk Management System

The article describes the strategic management methodology based on the use of key performance indicators system, recommendations for its further development are given. The necessity of integration above-mentioned methodology with the methodology of risk management systems is justified for large companies. The main conceptual states and stages of key performance indicators system and risk management system integration are given. Integration processes are illustrated by the example of a particular large company.Conceptual states and integration stages of  key performance indicators system with risk management system are considered. Specific organizational and technical measures for implementation of above-mentioned systems  at the nuclear industry enterprises are described as well. Key performance indicators for risk management system are proposed to be laid for introducing enterprises’  performance management.The results of theoretical and empirical research, the described tools and approaches can be used in other industrial enterprises, regardless of their business.

Hospital risk management at the time of Covid-19: An analysis of the Lombardy Region

MECOSAN ◽  
2021 ◽  
pp. 97-116
Author(s):  
Alessandro Capocchi ◽  
Paola Orlandini ◽  
Stefano Amelio
Keyword(s):  
Risk Management ◽  
Emergency Management ◽  
Surveillance System ◽  
Management System ◽  
Risk Prevention ◽  
Healthcare Sector ◽  
Management Systems ◽  
Healthcare Organizations ◽  
Lombardy Region ◽  
Risk Management System

Covid-19 has imposed a rethinking of risk management systems in the healthcare sector. The aim of this paper is to investigate how the risk has been and is managed by the healthcare organizations, on the basis of regional directives. The analysis focuses on the health system of the Lombardy Region. In particular, the authors focused on the resolutions adopted by the Lombardy Region in the acute phase of the pandemic (2 March 2020-12 May 2020) with the aim of rebuilding the system put in place by the Region for risk prevention and management. Thanks to the resolutions, the Lombardy Region has established a risk management system, consisting of a surveillance system and an emergency management system that seems to have led to positive consequences.

PERSONNEL SECURITY IN THE SYSTEM OF RISK MANAGEMENT OF EMERGENCIES OF BUSINESS STRUCTURES

2017 ◽  
Author(s):  
Taleb Abdullah Mohammed Ali Alhammadi ◽  
Keyword(s):  
Risk Management ◽  
Management System ◽  
Human Resources Management ◽  
Management Tool ◽  
Remote Work ◽  
Contemporary World ◽  
Process Uncertainty ◽  
Risk Management System ◽  
Business Structures ◽  
The Impact

In economics, the decision-making process at all levels of government takes place in conditions of constant uncertainty of the final results of activities. The growing tendency of process uncertainty and global consequences, which was clearly seen in the example of the coronavirus pandemic, forces all businesses to pay attention to the risk management system as an effective tool to counter the impact of emergencies that affect all aspects of a business. One of the "weaknesses" of the business structure is its personnel component. Risk management, an important management tool at all levels and a risk-oriented approach, provide many methods and ways to make decisions more consciously and reasonably. The theoretical and methodological analysis allowed the author to develop recommendations for improving personnel security in the risk management system of emergencies of business structures. The peculiarity of the proposed guidance is that it allows taking into account modern phenomena, namely emergencies that occur in the contemporary world and tend to increase in size, scale and damage. Ignoring the quality of human resources management of business structures, the level of professional development of workers, mechanisms for reproduction and implementation of their business qualities, protection of the interests of professionals and safety of society from non- professionals poses a real threat the security of all humanity. Crisis phenomena create additional obstacles for business structures on the way to their sustainable development. The risk management system has always been able to protect the organization from harmful influences, the effectiveness of which depended on how modern this system is, i.e. able to meet everyday challenges. Today, the most acute problem is emergencies: pandemics, fires, earthquakes, etc.; all this forces businesses to move to remote work. Thus, when creating a modern system of business management risk, it is necessary to focus on its personnel component through the prism of the impact of emergencies.

Risikomanagementsysteme – rechtlich verordnet!

2011 ◽  
Vol 52 (4) ◽  
pp. 12-18 ◽  
Author(s):  
Hans-Georg Köglmayr ◽  
Christoph Kolb ◽  
Uwe Dannwolf ◽  
Andrea Ströhle
Keyword(s):  
Risk Management ◽  
Management System ◽  
Management Systems ◽  
Risk Management System ◽  
The Individual ◽  
Shed Light ◽  
Forward Looking

Der Beitrag stellt die weltweit wichtigsten Gesetze, Regelungen und Vorschriften sowie Normen zum Thema Risikomanagement und Risikomanagementsysteme vor. Neben einer kurzen Charakteristik, der einzelnen Regelungen werden auch die Rahmenbedingungen und Praxistauglichkeit der vorgestellten Richtlinien beleuchtet. Die Kritik mündet in einem von den Autoren entwickelten Instrument – RIMBABS genannt – mit dessen Einsatz Unternehmer sehr einfach ein zukunftsorientiertes Risikomanagementsystem implementieren können. The paper introduces the world's most important laws, rules and regulations, and standards on risk management and risk management systems. Apart from a brief characteristic of the individual schemes will shed light on the conditions and feasibility of the proposed guidelines. Criticism leads to a model developed by the authors - RIMBABS called - with the use of the business very easy to use a forward-looking risk management system. Keywords: risikomanagementsysteme rechtlich verordnet

Sign in / Sign up

Export Citation Format

Share Document