All Strategic Risk Global articles in December 2006
View all stories from this issue.
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FeaturesHow deep is your green?
Tim Smit, co-founder of the Eden Project, talks to Nathan Skinner about climate change, CSR and the role of the sustainable enterprise in today's financial system
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Features
Topics and trends
A steady stream of regulation has imposed stringent requirements on European company directors and officers. Sue Copeman looks at the areas that risk professionals believe have implications for management liability in 2007.
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Analysis
Multinational insurance proposition
This comprises a series of underwriting processes and products designed to manage, within a single transaction, the tax payment reporting and licensing obligations for customers and brokers of Zurich's multinational insurance policies. It includes a proprietary global information system that tracks applicable laws and foreign premium tax requirements for almost ...
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Features
On the horizon
What do the next five years hold in terms of risk and trends? Sue Copeman looks at what risk managers have to say
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AIRMIC Portfolio
Hopkin on IPT
Speaking to a forum organised by specialist tax consultancy FiscalReps in the City of London, Hopkin said that insurance buyers need to press for fuller disclosure on IPT compliance, since they ultimately may be liable for unpaid taxes. For their part, insurers and intermediaries need to accept that such requests ...
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Features
Russians going global
Vladislav Soloviov believes that embracing international corporate governance standards can help Russian companies shake off their negative image.
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Analysis
VAT Fraud Investigation
The Committee will consider various fraudulent schemes, including carousel fraud and missing trader fraud. VAT fraud is estimated to cost the Treasury between £2bn and £8bn a year, and scams are becoming increasingly complex to counter member states attempts to curb the practice. The fraud works by traders selling goods ...
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Features
Finding the leverage points
Modifying the behaviour of complex systems in such a way as to minimise risk and promote opportunity is a crucial risk management function. Andrew Leslie looks to an essay by the late Donella Meadows to identify the leverage points where risks or opportunities are likely to congregate
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Features
The extradition risk
Gillian Eastwood and Paul Lomas summarise the current extradition arrangements in the US and UK, assess the change in the extradition risk and outline some practical steps for managing it.
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Analysis
Current and future risks
Regulation was also cited as a huge burden, costing, according to the British Chamber of Commerce, £10bn between 1997 and 2005. However, Royal & SunAlliance's Risk Uncovered Index2 identifies the biggest future risks facing UK businesses as predominantly stemming from problems close to home.Strong competition in the market place has ...
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Analysis
Terrorism cover for NCBR
Catlin Insurance Company Ltd, Bermuda, has developed an insurance/reinsurance product which restricts cover to NCBR events which occur in a specific geographic area. It claims that this restriction allows provision of greater capacity at more reasonable pricing levels.The Catlin coverage can be used to supplement individual countries' national terrorism insurance ...
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Features
Froogle continuity!
Google's 'Froogle' service compares cheapest internet sources for common consumer items. Business continuity solution economics prove harder to evaluate. Ian Hammond gives his company's own top ten affordable continuity "must-haves"
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Analysis
Companies pay less for recall cover
A new report, Managing liability in the food and beverage sector, says that a survey of 232 companies across Europe showed that organisations have responded to this drop by increasing the amount of limits purchased (20% more than in 2004). While the market is currently soft, the report says that ...
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Features
Changed duties and liabilities
Craig Blakemore discusses the implications of new UK company legislation.
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AnalysisStick verses Carrot
Two recent reports suggest that the stick may work better than the carrot in making companies embrace good risk management, with mere guidelines not being enough.
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Analysis
News Briefs
- Risk Governance Ltd has released a new version of its enterprise risk management software Acertus(TM) Governance.- MEGA International has launched the MEGA Governance, Risk, Compliance (GRC) platform, designed to help European business managers strategically and operationally achieve more efficient corporate governance and address internal and external compliance requirements.
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Analysis
Boost for captives
Following the European Court judgement in the Cadbury Schweppes case (reported in StrategicRISK November 2006), the UK Chancellor has announced legislation to amend the rules for CFCs. However, under the proposed changes, UK companies will be required to apply to HM Revenue & Customs to disregard those profits of their ...
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Features
Look before making the technology leap
Do not invest in technology until you know exactly what you require it to do, say Chuck Teixeira and Grant Waterfall.
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AIRMIC Portfolio
AIRMIC dinner speech notes
Former Secretary of Defence Michael Portillo put the value of risk management into a wider perspective when he spoke at the annual AIRMIC dinner. Portillo described the critical balance governments today have to make between fighting terrorism and preserving civil liberties. "It is all about measuring risk," he said.Portillo addressed ...
