This document was prepared by the Process Safety Management Division of the Canadian Society for Chemical Engineering (CSChE). It is based on earlier editions developed through the Major Industrial Accidents Council of Canada (MIACC), a voluntary alliance of interested parties dedicated to reducing the frequency and severity of major industrial accidents. From 1987 until its dissolution in 1…
Courts have long recognized that people with mental illnesses have the right to be free from the improper use of seclusion and restraint. In the landmark 1982 case Youngberg v. Romeo, the Supreme Court recognized that the use of restraint is a drastic deprivation of personal liberty, holding that “[t]he right to be free from undue bodily restraint is the core of the liberty interest protected…
Enterprise Risk Management is believed to have an impact of firm value. However empirical evidence on its impact is still considered scarce. The objective of this study is to estimate the relation between ERM and firm value in the Malaysian public listed companies. Tobin’s Q is used to measure the firm value. The approach employed is to model firm value (TOBIN’S Q) as a function of Enterpri…
The topic of Enterprise Risk Management (ERM) has been growing in prominence of late despite having a 20 or so year history, it continues to draw sharp divisions of opinion as to its importance and its effectiveness in enabling financial (and other) institutions to sustain themselves over the years. With the GFC lingering in the background and the looming threat of a meltdown in Europe, Risk a…
Liquidity risk management ranks to key concepts applied in finance. Liquidity is defined as a capacity to obtain funding when needed, while liquidity risk means as a threat to this capacity to generate cash at fair costs. In the paper we present challenges of liquidity risk management resulting from the 2007- 2009 global financial upheaval. We see five main regulatory liquidity risk management …
Motivated by the finding that existing literature and research on risk management misses the focus on small and medium sized enterprises (SME), the aim of this thesis was to propose a mean for SME to manage their internal financial risks. Similar to large companies, SME do also face business risks, which in worst case can cause financial distress and lead to bankruptcy. However, although SME a…
This article discusses IBM’s global approach to managing risk associated with importing product into more than 170 countries: why we focus on risk management, our approach to assessing and managing risk, and how we translate risk management into a competitive advantage for our business. Finally, we discuss our plans to develop new insights in the future.
The use of financial services and products that confirm with the Shari’ah principles cause special issues for supervision and risk management. Efficient risk management in Islamic financial institutions has assumed particular importance as they try to cope with the challenges of globalization. This paper highlights the special and general risks surrounding Islamic banks. It also explains the …
A compilation of risk management quotes gathered from a wide range of sources. The quotes are not arranged in any particular order.