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Risk Aware Newsletter

Advitech regularly publishes information and insights into risk management.

Issue 07 - February 2007

Dangerous Goods and Hazardous Substances in NSW - Where to Start?

What is the difference between dangerous goods and hazardous substances, and what are the obligations of occupiers of premises, employers and employees?...

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Issue 06 - September 2004

A Case Study in Risk Management

Launceston, 24 Dec 2003: Threat to the Safety of Aircraft. It was a headline event - Christmas Eve travellers, scheduled commercial flight, new and controversial air safety rules, possible midair collision. What happened? What was the background? What can we learn?...

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Issue 05 - September 2004

Creating the Conditions for Sustainable Risk Management

For some years now we have been flooded with information and entreaties about risk management and corporate governance at the highest levels. Executive management is very clear on its obligations. Standards, codes and guidelines tell us what must be achieved - and by when. But what can be learned from high-performing organisations? What practical tips are available?...

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Issue 04 - September 2004

Directors' Obligations

Over the last few years, risk management and corporate governance have assumed a much higher profile and are now firmly on the agenda for boards. Individual directors are very clear on their personal obligations. Standards, codes and guidelines tell us what must be achieved - and by when. Risk management ought to be much more than just an annual assessment. Instead it can become an everyday, ongoing activity that adds value - helping to avoid pitfalls and creating opportunity for the enterprise as a whole. How can directors assure themselves that this is happening? What are the questions they can be asking their executive team? How can they probe the implementation of policy and the effectiveness of risk management systems?...

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Issue 03 - April 2007

'All the rules were followed, yet our workmate was killed'

Far too frequently, incidents occur when rules are bypassed. We all tend to take shortcuts - causing management to devote a lot of time and energy into ensuring compliance with rules. 'Failure to follow rules' (or procedures, standards, guidelines) is often listed in reports as the prime cause of a mishap.

But are rules enough? Can management be assured that by following all rules and complying with all standards they will avoid unwanted incidents? Can such a heavy focus on following rules actually induce more risk?...

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