SS: Panel- Session on Risk Management in the Offshore Energy Industry, International Risk Management

2008 ◽  
Author(s):  
Daniel V. Murphy
Keyword(s):  
Risk Management ◽  
Energy Industry ◽  
Panel Session ◽  
International Risk Management

The Risk Management Profession in Australia

2018 ◽  
pp. 112-129
Author(s):  
Adela J. McMurray ◽  
Jean Cross ◽  
Carlo Caponecchia
Keyword(s):  
Risk Management ◽  
Organizational Culture ◽  
Human Resource ◽  
Business Continuity ◽  
Human Resource Practices ◽  
Attitudes And Beliefs ◽  
Anova Analysis ◽  
Organizational Boundaries ◽  
Management Standard ◽  
International Risk Management

This study aimed to identify to what extent Australian organizations have any plans to manage business continuity threats, and the nature and content of these plans. Sixty-four respondents who were risk management professionals were surveyed to explore the Business Continuity Practices within their organizations. The ANOVA analysis showed 39 per cent of the organizations had developed an enterprise-wide plan of which just over half stated that the plan was tested. However, 36 per cent of respondents had no plan, an “informal plan,” were developing a plan, or did not know whether they had a plan. Standardized guidelines for a process to manage risks have been developed across many spheres and countries and are brought together in the international risk management standard ISO31000 (ISO, 2009), which presents a process applicable to all organizations and all risks. Human resource practices that promote consistent communication and an organizational culture that allows business continuity plan values, attitudes and beliefs to become embedded and to move across traditional organizational boundaries are therefore important for gaining the cooperation needed to implement plans in an organization's operational areas pertaining to business continuity.

scholarly journals Incorporation of international risk management standards into federal regulations

2020 ◽  
Vol 54 (1) ◽  
pp. 59-78
Author(s):  
Flávio Sergio Rezende Nunes de Souza ◽  
Marcus Vinícius de Azevedo Braga ◽  
Armando Santos Moreira da Cunha ◽  
Patrick Del Bosco de Sales
Keyword(s):  
Risk Management ◽  
Public Administration ◽  
International Organizations ◽  
Professional Associations ◽  
Public Agencies ◽  
Corporate Risk Management ◽  
Management Standards ◽  
Iso 31000 ◽  
Corporate Risk ◽  
International Risk Management

Abstract The issue of risk management has gained attention in the field of administration due to the dissemination of international frameworks. In Brazilian federal public administration, risk management is a recent and expanding practice. This research analyzes how international corporate risk management frameworks have been adopted by the federal government through regulations and guidelines. The study adopts the concepts of coercive, normative, and mimetic forces from the neo-institutional theory, and examines the presence of international norms in the Brazilian regulations. Through a qualitative approach, content analysis in documents, norms, interviews, and seminars was used to identify traits of the COSO ERM and ISO 31000/2009 frameworks, which were chosen based on relevance. Results identify important actors pushing for the use of international frameworks, such as international organizations, professional associations, and public agencies, especially those related to government audits. Despite the strong international influence, the Brazilian norms are adapted to the organizations’ context and allowing the maintenance of national autonomy.

scholarly journals The Development of Straw-Based Biomass Power Generation in Rural Area in Northeast China—An Institutional Analysis Grounded in a Risk Management Perspective

2020 ◽  
Vol 12 (5) ◽  
pp. 1973 ◽  
Author(s):  
Lingling Wang ◽  
Tsunemi Watanabe
Keyword(s):  
Power Generation ◽  
Risk Management ◽  
Power Plant ◽  
Power Plants ◽  
Biomass Energy ◽  
Energy Industry ◽  
Biomass Supply ◽  
Management Perspective ◽  
Biomass Power Plant ◽  
Biomass Power Plants

Given a lack of consideration for the role and importance of stakeholders and the importance of stakeholders in the operation of biomass power plants in China, a comprehensive analysis oriented toward stakeholder risk management is needed to further develop the country’s biomass energy industry. Accordingly, we analyzed institutional factors that contribute to or constrain progress in biomass power generation in China. Data were collected from 275 straw suppliers (farmers) living around a biomass power plant, 15 middlemen, five power plant managers, and five local government officers. Interviews were held with all the participants, but questionnaires were additionally administered to the straw suppliers. Results showed that: (1) risk transfer in the biomass supply chain is one of the reasons why farmers are unwilling to supply straw; (2) middlemen are vital intermediaries between biomass power plant managers and farmers as a middleman-based biomass supply system is necessary to guarantee the quantity of straw supply, and; (3) the institutional structure that underlies the Chinese biomass energy industry is immature.

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