Covid-19 laid bare lack of preparedness but presents opportunity for rethink: Graham

Covid-19 laid bare lack of preparedness but presents opportunity for rethink: Graham

Covid-19 laid bare lack of preparedness but presents opportunity for rethink: Graham

Covid-19 has “laid bare a lack of preparedness” among organisations and governments to deal with pandemics and presents an “unprecedented opportunity” for risk managers to help them “rethink and repurpose”, according to Julia Graham, deputy CEO and technical director at UK risk management association Airmic. Writing an opinion piece in a report for The Sunday Times newspaper, Ms Graham added…

MAS calls on local banks to moderate dividends as economy falters

MAS calls on local banks to moderate dividends as economy falters

MAS calls on local banks to moderate dividends as economy falters

The Monetary Authority of Singapore (MAS) has called on locally incorporated banks headquartered in Singapore to cap their total dividends per share (DPS) for full-year 2020 at 60% of 2019’s DPS, and offer shareholders the option of receiving the dividends to be paid for 2020 ‘in scrip’ in lieu of cash. The announcement follows the recent news issued by the…

Blockchain-based Covid-19 compliance tool used in Singapore to return to work

Blockchain-based Covid-19 compliance tool used in Singapore to return to work

Blockchain-based Covid-19 compliance tool used in Singapore to return to work

International SOS and Singapore company Energy Drilling Management have announced a successful pilot of its ICC AOKpass mobile app, which provides trusted recognition of individuals’ Covid-19 compliance status from Singapore to Thailand. Following the pilot launch of the tool in May, Energy Drilling worked with International SOS to test the app for a ten-strong crew that needed to travel aboard an…

FM Global urges Asia-Pacific leaders to retain focus on climate risks

FM Global urges Asia-Pacific leaders to retain focus on climate risks

FM Global urges Asia-Pacific leaders to retain focus on climate risks

Recovery from the Covid-19 pandemic and preparation for a potential second wave is clearly top of the agenda currently for business leaders across the Asia-Pacific region and worldwide. But leaders in the Asia-Pacific region in particular must continue to focus on the impact of climate change and invest in loss prevention, business continuity and risk management and mitigation measures to…

ADB calls for investment in smart agriculture as food risk rises

ADB calls for investment in smart agriculture as food risk rises

ADB calls for investment in smart agriculture as food risk rises

The Asian Development Bank (ADB) has called for an investment from governments across the region in post-Covid-19 agriculture sector reforms, to support a transition from a labour-intensive supply chain to a more resilient and efficient agriculture system, including smart agriculture and mechanisation. The ADB’s recent report, Food Security in Asia and the Pacific amid the Covid-19 Pandemic, concludes that the…

Risk education takes centre stage at Airmic

Risk education takes centre stage at Airmic

Risk education takes centre stage at Airmic

Airmic has seriously ramped up its educational programme since Julia Graham arrived at the association as technical director and deputy CEO. The accelerated shift to a digital output forced by the rise of the Covid-19 pandemic has actually provided the association with an opportunity to offer its educational expertise to a far wider audience in terms of job function and…

Resilience: the secret ingredient of organisational growth

Resilience: the secret ingredient of organisational growth

Resilience: the secret ingredient of organisational growth

Risk managers should be having an ever-greater role in the business, according to one leading South African risk manager, as part of building resilience across the organisation. Businesses that want to grow without hindrance must realise that risk management and business continuity planning are no longer obligatory support functions, suggested Christopher Palm, chief risk adviser at the Institute of Risk…

Airmic seeks new board members

Airmic seeks new board members

Airmic seeks new board members

The recently announced appointment of Tracey Skinner, group insurance director at BT Group, as chair of UK risk management association Airmic, and the arrival of further new board members, means the association is looking for further applicants later in the year. Airmic has responded energetically to the challenges presented by the Covid-19 pandemic, accelerated its shift to a new digital…

Trust and reputation remain top risks, says KPMG

Trust and reputation remain top risks, says KPMG

Trust and reputation remain top risks, says KPMG

Covid-19 has forced businesses and organisations to battle to maintain operational continuity under some of the tightest restrictions our society has ever seen but, despite this, trust and reputation remain high on the agenda, as consumers continue to have high expectations of brands and find many corporate transgressions unacceptable. These are the conclusions of KPMG’s Paul Merrey, strategy partner, and Arturs…

Wegener tackles strategic priorities as Ferma president

Wegener tackles strategic priorities as Ferma president

Wegener tackles strategic priorities as Ferma president

Covid-19 offers both risk and reward, according to Ferma president Dirk Wegener, who is pressing ahead with strategic priorities since taking over the presidency in November. Speaking at Ferma’s general assembly, Mr Wegener said the pandemic has raised awareness of risk management. “I have no doubt that we will reflect a great deal on the experiences and lessons of this…

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