Does KM Governance = KM Success?

2010 ◽  
pp. 51-73 ◽  
Author(s):  
Suzanne Zyngier
Keyword(s):  
Risk Management ◽  
Fiduciary Duty ◽  
Structural Mechanism ◽  
Organizational Activity ◽  
Policy Risk ◽  
Structured Program

This chapter examines factors that contribute to KM success by differentiating between KM leadership through management and through governance. We look at governance as a structural mechanism that both embeds KM into organizational activity, and lifts it from a series of initiatives to a structured program of activities that are subject to authority, policy, risk management, financial fiduciary duty, and evaluation. Using evidence from 214 respondents to a global internet based KM survey; we find that having a recognized and defined authority for KM that is well-resourced leads to strategically aligned benefits realized from investment in KM. We demonstrate that governance through assigned authority strongly contributes to strategic KM success.

scholarly journals The energy policy risk management system model: theories and practices

2020 ◽  
Vol 23 (4) ◽  
pp. 33-48
Author(s):  
Iryna Nyenno ◽  
Natalia Selivanova ◽  
Natalya Korolenko ◽  
Vyacheslav Truba
Keyword(s):  
Risk Management ◽  
Energy Policy ◽  
Management System ◽  
System Model ◽  
Risk Management System ◽  
Policy Risk

scholarly journals Mean-variance portfolio methods for energy policy risk management

2015 ◽  
Vol 40 ◽  
pp. 246-264 ◽  
Author(s):  
Gustavo A. Marrero ◽  
Luis A. Puch ◽  
Francisco J. Ramos-Real
Keyword(s):  
Risk Management ◽  
Energy Policy ◽  
Policy Risk ◽  
Mean Variance Portfolio ◽  
Mean Variance

scholarly journals The risks of using REDD+ to manage rich socio-ecological systems

2013 ◽  
pp. 1-11 ◽  
Author(s):  
Paul Vincent Martin
Keyword(s):  
Risk Management ◽  
Good Governance ◽  
Management Practice ◽  
Policy Instruments ◽  
Policy Goals ◽  
The Social ◽  
Brand Competitiveness ◽  
Good Management Practice ◽  
Policy Risk ◽  
The Many

REDD+ is an important development in environmental and social justice policy instruments. However, its success depends on a network of complex contingencies, and the achievement of difficult governance transformations in countries that are under severe economic pressure. It ought be obvious that there are significant risks associated with this endeavour, but overt risk management, using standard approaches, is not evident. This paper highlights some of the many risks that the governance of REDD+ (in common with most environmental policy innovations) needs to pay attention to in order to avoid policy failure. There are eight distinct elements that have to work for the REDD+ program to achieve its public policy goals, and each of these carries its own risk. These are: securitisation of carbon sequestration; protection for complex non-carbon values, ensuring the integrity of the supply of credit; multi-level administration and aggregation of tradeable carbon interests; managing the social and economic imbalance of interests; deploying new methods for measurement and securitisation of interests; ensuring a platform of rules, administrative and enforcement systems, teams and intelligence networks; and achieving price and ‘brand’ competitiveness in a crowded carbon offsets marketplace. Although the issues listed in this paper are not comprehensive, they highlight major concerns and support the argument that a comprehensive and systematic approach to policy risk is likely to add value to the REDD+ implementation. The paper suggests that good management practice would separate risk management from policy or instrument development, and embed this aspect of good governance with a sufficient level of authority to ensure that the negative potentials are managed with a degree of vigour consistent with the importance of the issues.

scholarly journals Construction and Research of Safety Management System for Machine Patrol Operation

2021 ◽  
Vol 2021 ◽  
pp. 1-7
Author(s):  
Ying Zhang ◽  
Jin Chao Guo ◽  
Jian Dong Liao
Keyword(s):  
Risk Management ◽  
Management System ◽  
Safety Management ◽  
Risk Level ◽  
Accident Risk ◽  
Safety Management System ◽  
Application Analysis ◽  
Target Management ◽  
Policy Risk ◽  
Accident Case

Aiming at the flight safety problems existing in UAV power patrol inspection, this study proposes a UAV patrol inspection safety management system (SMS) scheme, which takes the safety target level specified in soar as the target management, based on safety management, modern control theory, risk management, and UAV operation regulations, combined with the actual needs of machine patrol inspection of China Southern Power Grid and the requirements of local government. The UAV SMS scheme is developed from four parts: safety policy, risk management, safety guarantee, and safety promotion, and the application analysis is carried out in combination with the Kobe accident case in 2020. The experimental results demonstrate that the implementation of SMS scheme can effectively reduce the accident risk level during UAV power patrol inspection.

How fiduciary duty law incentivises investors to manage sustainability risks

2021 ◽  
pp. 138826272110319
Author(s):  
Liudmila Strakodonskaya
Keyword(s):  
Risk Management ◽  
Fiduciary Duty ◽  
Financial Risks ◽  
Investment Strategies ◽  
Investment Management ◽  
Risk Hedging ◽  
The Us ◽  
The Face ◽  
Sustainable Investment ◽  
Legal Constraints

The compatibility of Environmental, Social and Governance (ESG) risk management with the investment management requirements under the investors’ fiduciary duties (FD) figures among the key questions in today’s context of a rapid growth of sustainable investment strategies. Despite some legal developments, namely, in Europe, investors still have no clear answer to this question, which leaves them inert in the face of these new, unconventional types of risk. In our research, we explore the recent advancements in the EU and the US legal practice with the objective to establish to what extent the FD actually requires investors to consider ESG risks in their investment management decisions. Through analysis, we define a theoretical decision-making pattern for ESG risk management set by the current FD law as applied to investors and identify: 1) ESG risk materiality and 2) the effectiveness of ESG risk hedging as its fundamental elements. Then, we design a theoretical representation of ESG risk materiality under the FD legal constraints and identify that the current FD law binds investors to assimilate ESG risks to financial risks; thus, their management is required only if they are financially material for investments. We show that this principle equally applies to long-term ESG risks (like climate change); investors are incentivised to manage only those that are sufficiently financially material considering the applied hypothetical discount rate. Also, through the case study of a recent US ERISA ESOP lawsuit, we reveal that risk aversion towards probability to successfully hedge material ESG risks could impede efficient risk management by incentivising investors not to hedge a material ESG risk, i.e. to breach their FD.

scholarly journals Between a Rock and a Hard Place: Disclosing Medical Errors

2006 ◽  
Vol 52 (9) ◽  
pp. 1809-1814 ◽  
Author(s):  
Kimberley G Crone ◽  
Michele B Muraski ◽  
Joy D Skeel ◽  
Latisha Love-Gregory ◽  
Jack H Ladenson ◽  
...  
Keyword(s):  
Risk Management ◽  
Medical Errors ◽  
Codes Of Ethics ◽  
Laboratory Medicine ◽  
Fiduciary Duty ◽  
Medicine Resident ◽  
Root Cause ◽  
Medical Associations ◽  
Patient Morbidity ◽  
Error Risk

Abstract Background: Healthcare-related errors cause patient morbidity and mortality. Despite fear of reprimand, laboratory personnel have a professional obligation to rapidly report major medical errors when they are identified. Well-defined protocols regarding how and when to disclose a suspected error by a colleague do not exist. Patient: We describe a woman with a well documented allergy to sulfamethoxazole who was treated with sulfadiazine that led to toxic epidermal necrolysis. After the patient’s death, the laboratory medicine resident was asked by one of the patient’s physicians to measure serum sulfadiazine, but only if the results were not reported in the patient’s electronic medical record. The case was brought to the attention of a laboratory medicine faculty member and the hospital risk management team. Issues: Laboratorians are patient fiduciaries and are responsible for reporting errors. Most medical associations have codes of ethics that address disclosure of incompetence and errors, although the AACC’s Guide to Ethics does not. New types of error, risk management, and root-cause analyses help to shift the focus to system errors and away from individuals’ errors. This can lead to a healthcare environment that encourages truth and disclosure rather than fear and reprimand. Disposition: The individuals involved in the presented case fulfilled their fiduciary duty to the patient by reporting this incident. An extensive investigation showed that, in fact, no medical errors or misconducts had occurred in the care of the patient.

Determinants of policy risks of renewable energy investments

2017 ◽  
Vol 11 (1) ◽  
pp. 28-45 ◽  
Author(s):  
Nadine Gatzert ◽  
Thomas Kosub
Keyword(s):  
Risk Management ◽  
Renewable Energy ◽  
Developed Countries ◽  
Industry Studies ◽  
Content Type ◽  
Academic Literature ◽  
Energy Projects ◽  
Policy Risk ◽  
Practical Implications ◽  
Underlying Risk

Purpose Policy or regulatory risks represent one of the major barriers for renewable energy investments, especially against the background of several retrospective reductions of support schemes in Europe. This paper aims to contribute to the literature by offering a categorization of major risk drivers and determinants of policy risk associated with renewable energy projects in developed countries. Design/methodology/approach Based on a narrative (traditional) review of the academic literature and supported by industry studies regarding cases of support scheme cuts in Europe (from the end of 2010 until the end of 2013), the paper derives determinants of policy risks of renewable energy investments. Findings As a main result, the paper offers a concise categorization of major risk drivers of policy and regulatory risks associated with renewable energy investments in developed countries along with potential indicators. Practical implications The derived categorization of major risk drivers and the set of indicators are of high relevance for risk management and risk assessment of renewable energy investments, where understanding the underlying risk drivers is vital. The findings can thus be applied when establishing a sound risk management for renewable energy investments. Originality/value The paper helps (potential) investors, policymakers and regulators to assess policy risks associated with renewable energy investments.

Institutionalization

2019 ◽  
pp. 141-160
Author(s):  
Robert L. Wears ◽  
Kathleen M. Sutcliffe
Keyword(s):  
Information Technology ◽  
Risk Management ◽  
Patient Safety ◽  
Infection Control ◽  
Health Information Technology ◽  
Health Information ◽  
Safety Culture ◽  
Regulatory Compliance ◽  
Organizational Activity ◽  
New Institutions

Unbridled optimism and a flurry of organizational activity followed the publication of To Err is Human. As patient safety became corporatized into new institutions and programs; it became mainstreamed and adopted by organized healthcare. Patient safety became dominated by a measure and manage approach. US hospitals added patient safety to existing quality, risk management and regulatory compliance bureaucracy. This internalization and incorporation led to a closing off of patient safety from influences outside of healthcare. Infection control and health information technology began to dominate safety efforts. Safety culture became a popular topic but in a narrow and instrumental way.

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