Saudi Arabia National Cyber Security System: Specificity and Development Risks

The research featured the national cybersecurity system of the Kingdom of Saudi Arabia. The cybersecurity standards developed by the International Telecommunication Union of the United Nations made it possible to reveal the institutional and legal foundations of the digital security system, as well as the degree of involvement in international cybersecurity cooperation. The analysis demonstrated the key risks of the development of the Saudi cyber model. The assessment by the International Telecommunication Union standards gave quite positive results. However, Saudi Arabia proved to adhere to a catching-up development model and still experiences some problems with national cyberspace security. Some are of global nature, e.g. legislation gaps, while others result from the specifics of the national model of state governance. The most obvious risks include the imbalance between the civil and military sectors, the disagreements between various regions, and the poor integration of the local hacker community into the overall structure of national cybersecurity. Saudi Arabia plans to eliminate these imbalances in the medium term in order to build an integrated cybersecurity system by expanding its international cooperation.

Information and Analytical Support for Sustainable Development of Companies Based on IFRS

The article focuses on the sustainable development initiatives and sustainable development standards, which are the bases of information-analytic analysis, helping investors to understand the IFRS’ role in climate risk disclosure and other sustainable development risks.

Platform economy in Russia: formation, development, risks

The article is devoted to consideration of some of the main aspects of the process of formation and development of the platform economy in Russia. The activity of platform business ecosystems in Russia and abroad is shown, the main threats and risks arising in connection with the development of the platform economy are considered. The need for state regulation of the activities of platform business ecosystems is discussed.

Arctic Corporations and Development Risks: Challenge and Response

The realities of the Russian Arctic in recent decades make it possible to determine a special phenomenon of corporate development risks, which can be structured into resource, institutional and ecosystem risks. The resource risk reflects the contradiction between the conjuncture of the global resource markets and the specific conditions for the development of unique deposits located in the Arctic zone; institutional risk — between federal norms and rules for the development of natural resource deposits and local specific conditions for the construction and operation of resource facilities in the Arctic; ecosystem risk reflects the contradiction between large-scale economic activity and the fragility of Arctic natural systems. As a result of a comparative assessment of the development risks of three Arctic corporations in Russia, it was found that the highest risk is typical for the facilities of Norilsk Nickel, the lowest — for NovaTEK, and Gaz-promneft is in the middle. Using the OLI paradigm of John Dunning, it can be argued that Arctic corpora-tions respond to the challenge of development risks by adapting their spatial, institutional and organiza-tional structure to the conditions for the development of resources and resource territories. The spatial factor is most efficiently used by Norilsk Nickel, then NovaTEK, in the strategy of adaptation to develop-ment risks, with the receipt of benefits from localization and the creation of a regional cluster, while Gaz-promneft is the least effective. The institutional factor is most effectively used by NovaTEK and Gazprom-neft, and the least by Norilsk Nickel. The organizational and structural factor as a tool for adapting to risks is most skillfully used by Gazpromneft, weaker — by NovaTEK and Norilsk Nickel. Integrally, the best positions in the strategy of adaptation to development risks are held by Gazpromneft, and the worst positions by Norilsk Nickel, which has the most significant contrast between the size of development risks and the means of adaptation to them. Strengthening the internal competencies of the company and its corporate innovation system is the most important way to successfully cope with the high risks of corporate development of resources and spaces of the Arctic.

10. Product liability

This chapter discusses the law on product liability. Common law product liability is based upon the law of negligence. Beginning with the narrow ratio in Donoghue v Stevenson (1932), it further developed the concept of intermediate examination in Grant v Australian Knitting Mills (1936). The relevant statute is the Consumer Protection Act 1987 (CPA 1987), passed in response to a European Union Directive. This introduces strict liability, when a defective product causes damage. The CPA 19876 establishes a hierarchy of possible defendants beginning with the producer. Defences under the CPA 1987 include the ‘development risks’ defence to protect scientific and technical innovation. If damage relates to quality or value, the only remedy will be in contract.

PSS-FMEA: TOWARDS AN INTEGRATED FMEA METHOD TO SUPPORT THE DEVELOPMENT OF PRODUCT-SERVICE SYSTEMS IN SMES

In industry, Failure Mode and Effects Analysis is an established quality tool for minimizing development risks in systems, products and processes. Nevertheless, the presented use case shows that the application of the FMEA method in the development of Product-Service Systems in a SME requires modifications to ensure that the special character of PSS is appropriately included and that risks can be adequately assessed and prioritized.

Towards a conceptual framework for non-financial reporting inclusive of pandemic and climate risk reporting

Purpose This paper aims to evaluate non-financial reporting (NFR) frameworks insofar as risk reporting is concerned. This is facilitated through analysis of the adequacy of climate- and pandemic-related risk reporting in three industries that are both significantly impacted by the COVID-19 pandemic and are at risk from climate change. The pervasiveness of pandemic and climate-change risks have been highlighted in 2020, the hottest year on record and the year the COVID-19 pandemic struck. Stakeholders might reasonably expect reporting on these risks to have prepared them for the consequences. Design/methodology/approach The current debate on the “complexity” of sustainability and NFR frameworks/standards is critically analysed in light of the COVID-19 pandemic and calls to “build back better”. Context is provided through analysis of risk reporting by the ten largest airlines and the five largest companies in each of the hotel and cruise industries. Findings Risk reporting on two significant issues, pandemics and climate change, is woefully inadequate. While very little consideration has been given to pandemic risks, disclosures on climate-related risks focus predominantly on “risks” of increased regulation rather than physical risks, indicating a short-term focus. The disclosures are dispersed across different corporate reporting media and fail to appreciate the long-term consequences or offer solutions. Mindful that a conceptual framework for NFR must address this, the authors propose a new definition of materiality and recommend that sustainable development risks and opportunities be placed at the core of a future framework for connected/integrated reporting. Research limitations/implications For sustainable development risks to be perceived as “real” by managers, further research is needed to determine the nature and extent of key sustainable development risks and the most effective mitigation strategies. Social implications This paper highlights the importance of recognising the complexity of the issues facing organisations, society and the planet and addressing them by encouraging robust consideration of the interdependencies in evolving approaches to corporate reporting. Originality/value This study contributes to the current debate on the future of corporate reporting in light of two significant interconnected crises that threaten business and society – the pandemic and climate change. It provides evidence to support a long-term oriented and holistic approach to risk management and reporting.

Regional features of occupational pathology in the Arctic zone of the Russian Federation (2007–2018)

The purpose of the study was a comparative investigation of working conditions, prevalence and structure of occupational pathology in the subjects of the Russian Arctic in 2007-2018. Material and methods. The analysis of data on socio-hygienic monitoring in the section “Working conditions and occupational morbidity” of the population in the Russian Arctic in 2007-2018 was carried out. Results. The development risks, prevalence and structure of occupational pathology in the subjects of the Russian Arctic were established to have significant differences. The most common factor causing the development of occupational pathology (32.8% of all cases) was the increased severity of labour. In three regions of the Russian Arctic, the seriousness of work was a leading risk factor: Arctic zones of the Republics of Komi and Karelia, the Murmansk region. The most unfavourable working conditions and a high level of occupational morbidity are observed in Arctic zones of the Republic of Komi (207.44 per 10,000 employees) and Krasnoyarsk Territory (20.65), the Chukotka Autonomous Okrug (12.69). The basis of the economy of these entities is formed by the mining and metallurgical industries. On the contrary, the least harmful working conditions and a low level of occupational pathology are characteristic of the gas and oil producers of the Yamalo-Nenets (1.29) and the Nenets Autonomous Okrugs (3.45). Over the analyzed period, the level of occupational morbidity in five subjects of the Russian Arctic (Arctic zones of the Krasnoyarsk Territory and the Republic of Komi, the Nenets and Chukotka Autonomous Okrugs, the Murmansk Region) tended to increase, while in other three (Arctic zones of the Arkhangelsk Region and the Republic of Yakutia, the Yamal-Nenets Autonomous Okrug) - to decrease. Conclusion. Modern targeted programs for the prevention of occupational pathology should consider the characteristics of the formation of health disorders both in general in the Russian Arctic and in its subjects.