Risk management under REACH Requirements of technical and organisational guidance for producers, importers and downstream users

elni Review ◽  
2006 ◽  
pp. 7-15
Author(s):  
Martin Führ ◽  
Natalie Krieger
Keyword(s):  
Risk Management ◽  
Transaction Costs ◽  
Learning System ◽  
Industrial Chemicals ◽  
Simple Fact ◽  
Economic Actor ◽  
Initial Hypothesis ◽  
Push Forward ◽  
German Federal Environmental ◽  
Environmental Agency

The success of REACh will depend on whether or not the actors are willing and able to adopt the roles allocated to them under the new regime. Yet it would be naive to assume that the simple fact of enacting the Regulation will be sufficient to effect the necessary changes in the behaviour of the responsible parties. Within this context, a study on behalf of the German Federal Environmental Agency (Umweltbundesamt – UBA) was performed. The study’s initial hypothesis was that support - in the form of (technical and organisational) guidance specific to each type of economic actor - can help to push forward the necessary innovation and co-operation processes to implement REACh in the intended way. Thus, transaction costs for each actor can be kept to a minimum and obstacles overcome. This also supports the central, structural objective of REACh to establish a “learning system”, particularly with regard to the interaction occurring between the producers and users of industrial chemicals. To this end, sufficient regulatory (dis)incentives are essential. For this reason, the question of possible amendments to the current draft of the Regulation was also addressed.

10. Designing an online curriculum supporting risk management and patient safety

2007 ◽  
Vol 30 (4) ◽  
pp. 33
Author(s):  
T. Gondocz ◽  
G. Wallace
Keyword(s):  
Risk Management ◽  
Medical Education ◽  
Patient Safety ◽  
Online Learning ◽  
Online Courses ◽  
Learning System ◽  
Online Curriculum ◽  
For Profit ◽  
Not For Profit ◽  
Managing Risk

The Canadian Medical Protective Association (CMPA) is a not for profit mutual defence organization with a mandate to provide medico-legal assistance to physician members and to educate health professionals on managing risk and enhancing patient safety. To expand the outreach to its 72,000 member physicians, the CMPA built an online learning curriculum of risk management and patient safety materials in 2006. These activities are mapped to the real needs of members ensuring the activities are relevant. Eight major categories were developed containing both online courses and articles. Each course and article is mapped to the RCPSC's CanMEDS roles and the CFPC's Four Principles. This poster shares the CMPA’s experience in designing an online patient safety curriculum within the context of medico-legal risk management and provides an inventory of materials linked to the CanMEDS roles. Our formula for creation of an online curriculum included basing the educational content on real needs of member physicians; using case studies to teach concepts; and, monitoring and evaluating process and outcomes. The objectives are to explain the benefits of curricular approach for course planning across the continuum in medical education; outline the utility of the CanMEDS roles in organizing the risk management and patient safety medical education curriculum; describe the progress of CMPA's online learning system; and, outline the potential for moving the curriculum of online learning materials and resources into medical schools.

scholarly journals CORPORATE RISK DISCLOSURE: THE EFFECT OF CORPORATE GOVERNANCE

2021 ◽  
Vol 5 (1) ◽  
pp. 101-113
Author(s):  
Arisona Ahmad ◽  
Muhammad Muhammad ◽  
Dwi Narullia
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Stock Exchange ◽  
Company Size ◽  
Business Risk ◽  
Risk Disclosure ◽  
Initial Hypothesis ◽  
Corporate Risk ◽  
Corporate Business

ABSTRACT This research investigates the role of corporate governance on the disclosure of corporate business risk management with leverage and company size as control variables. Research data were taken from a company that classified as LQ 45 on the Indonesian stock exchange from 2015 to 2018. This research finds that disclosure of business risk management as a sign that management has managed the company with the good attitude increases along with increased corporate governance activities. Leverage and company size also affect company policies regarding the disclosure of corporate business risks. Overall, the results of this study are consistent with the assumption that corporate governance affects company policies regarding business risk disclosure. However, in contrast to the initial hypothesis, the composition of the board commissioners reduces the risk management disclosure activity in the company. This is because the board of commissioners considers that business risk disclosure can increase costs and reduce its competitive advantage so that investors will respond negatively. Apart from these variables, this study contributes to agency theory, where the findings of this study indicate the confirmation of the application of theory in the context of this study. ABSTRAK Penelitian ini menyelidiki peran tata kelola perusahaan terhadap pengungkapan manajemen risiko bisnis perusahaan dengan leverage dan size perusahaan sebagai variable control. Data penelitian meliputi perusahaan yang tergolong LQ 45 di bursa efek Indonesia dari tahun 2015 hingga 2018. Penelitian ini menemukan bahwa pengungkapan manajemen risiko bisnis sebagai tanda bahwa manajemen telah berperilaku baik dalam mengelola perusahaan meningkat seiring dengan peningkatan aktivitas tata Kelola perusahaan. Leverage dan ukuran perusahaan juga mempengaruhi kebijakan perusahaan mengenai pengungkapan risiko bisnis perusahaan. Secara keseluruhan, hasil penelitian ini konsisten dengan dugaan bahwa tata kelola perusahaan mempengaruhi kebijakan perusahaan mengenai pengungkapan risiko bisnis. Namun, berbeda dengan hipotesis awal komposisi dewan komisaris menurunkan aktivitas pengungkapan manajemen risiko diperusahaan. Hal ini dikarenakan dewan komisaris menimbang bahwa pengungkapan risiko bisnis dapat meningkatkan biaya serta menurunkan keunggulan kompetitif perusahaan sehingga akan direspon negatif oleh investor. Selain variabel tersebut, penelitian ini berkontribusi pada teori agensi dimana temuan yang ada menunjukkan konfirmasi dari penerapan teori di dalam konteks penelitian.

scholarly journals Hedge or Rebalance: Optimal Risk Management with Transaction Costs

Risks ◽  
2018 ◽  
Vol 6 (4) ◽  
pp. 112
Author(s):  
Florent Gallien ◽  
Serge Kassibrakis ◽  
Semyon Malamud
Keyword(s):  
Risk Management ◽  
Lower Bound ◽  
Transaction Costs ◽  
Balance Sheet ◽  
Total Risk ◽  
Current Position ◽  
Net Return ◽  
Trading Zone ◽  
Futures Contract ◽  
The Impact

We solve the problem of optimal risk management for an investor holding an illiquid, alpha-generating fund and hedging his/her position with a liquid futures contract. When the investor is subject to a lower bound on net return, he/she is forced to reduce the total risk of his/her portfolio after a loss. In this case, he/she faces a tradeoff of either paying the transaction costs and deleveraging or keeping his/her current position in the illiquid instrument and hedging away some of the risk while keeping the residual, unhedgeable risk on his/her balance sheet. We explicitly characterize this tradeoff and study its dependence on asset characteristics. In particular, we show that higher alpha and lower beta typically widen the no-trading zone, while the impact of volatility is ambiguous.

Compensatory Application Provisions of Plant Protection Products to Protect Biodiversity

2020 ◽  
pp. 1-17
Author(s):  
Alexander KOOF
Keyword(s):  
European Union ◽  
Indirect Effects ◽  
Plant Protection ◽  
Plant Protection Products ◽  
Plant Protection Product ◽  
Legal Basis ◽  
Federal Environmental Agency ◽  
German Federal Environmental Agency ◽  
German Federal Environmental ◽  
Environmental Agency

For the protection of biodiversity, the German Federal Environmental Agency (UBA) pursues the goal of establishing compensation areas to balance unavoidable indirect effects on nature and the environment caused by the application of plant protection products. Whether there is a legal basis for this within either European Union or national law is one of the most debated and pressing issues currently in the authorisation procedure for plant protection products in Germany. The purpose of this article is to provide a comprehensive legal assessment of whether it is legally permissible to make plant protection product authorisations contingent to compensatory application provisions to protect biodiversity.

Propositions on cross-cultural communication and translation

Target ◽  
2004 ◽  
Vol 16 (1) ◽  
pp. 1-28 ◽  
Author(s):  
Anthony Pym
Keyword(s):  
Risk Management ◽  
High Risk ◽  
Transaction Costs ◽  
Special Kind ◽  
Cross Cultural ◽  
Cultural Communication ◽  
Apparent Lack ◽  
Cross Cultural Communication ◽  
Risk Discourse ◽  
High Degree

Cross-cultural communication can be characterized by a relatively high degree of effort required to reduce complexity, by relatively high transaction costs, by relatively low trust between communication partners, and by relatively narrow success conditions that create points of high-risk discourse. To communicate successfully between cultures would thus require a special kind of risk management. Translation, as a mode of cross-cultural communication, is held to share those same features, as well as at least two specific representational maxims concerning discursive persons and textual quantity. It is argued that the related concepts of complexity, success conditions and risk can describe not only the act of translating as a mode of cross-cultural communication, but also certain features of the professional intercultures to which translators belong. Step-by-step propositions thus synthesize an approach that runs from an analysis of cross-cultural communication to a description of professional intercultures, their sources of power, and the reasons for their apparent lack of power in a globalizing age.

scholarly journals Audit Keamanan dan Manajemen Risiko pada e-Learning Universitas Sangga Buana

2021 ◽  
Vol 11 (1) ◽  
pp. 1-14
Author(s):  
Sandy Sandy ◽  
Hanhan Hanafiah Solihin
Keyword(s):  
Risk Management ◽  
Educational Institution ◽  
Learning System ◽  
Data Loss ◽  
Security Testing ◽  
Technological Advances ◽  
Testing Tool ◽  
E Learning ◽  
High System ◽  
The University

Universitas Sangga Buana is an educational institution that continues to develop thefollowing technological advances by creating an e-learning system for students to facilitatedistance learning. This system is relatively new and still being developed, allowing there are stillmany gaps that others can exploit, especially on the security side of the system. To reduce systemsecurity vulnerabilities and data loss risks, it is necessary to conduct an audit of the e-learningsystem at the Universitas Sangga Buana. The stages used to determine security systemvulnerabilities and risk management in e-learning systems use the NIST framework and theAcunetix application as a system security testing tool. The final result of the e-learning systemaudit is that the e-learning system of the University of Sangga Buana is at a reasonable level withno high system vulnerabilities found and well-implemented risk management.

scholarly journals Incident Reporting System in an Italian University Hospital: A New Tool for Improving Patient Safety

2020 ◽  
Vol 17 (17) ◽  
pp. 6267
Author(s):  
Davide Ferorelli ◽  
Biagio Solarino ◽  
Silvia Trotta ◽  
Gabriele Mandarelli ◽  
Lucia Tattoli ◽  
...  
Keyword(s):  
Risk Management ◽  
Reporting System ◽  
Central Element ◽  
Incident Reporting ◽  
Learning System ◽  
University Hospital ◽  
Clinical Risk Management ◽  
Incident Reporting System ◽  
Clinical Risk ◽  
Starting Point

Clinical risk management constitutes a central element in the healthcare systems in relation to the reverberation that it establishes, and as regards the optimization of clinical outcomes for the patient. The starting point for a right clinical risk management is represented by the identification of non-conforming results. The aim of the study is to carry out a systematic analysis of all data received in the first three years of adoption of a reporting system, revealing the strengths and weaknesses. The results emerged showed an increasing trend in the number of total records. Notably, 86.0% of the records came from the medical category. Moreover, 41.0% of the records reported the possible preventive measures that could have averted the event and in 30% of the reports are hints to be put in place to avoid the repetition of the events. The second experimental phase is categorizing the events reported. Implementing the reporting system, it would guarantee a virtuous cycle of learning, training and reallocation of resources. By sensitizing health workers to a correct use of the incident reporting system, it could become a virtuous error learning system. All this would lead to a reduction in litigation and an implementation of the therapeutic doctor–patient alliance.

scholarly journals Model of risk management of construction project based on transaction costs

2018 ◽  
Vol 193 ◽  
pp. 05025
Author(s):  
Irina Vladimirova ◽  
Pavel Zemskov ◽  
Anna Tsygankova
Keyword(s):  
Risk Management ◽  
Transaction Costs ◽  
Construction Projects ◽  
Baikal Region ◽  
Construction Project ◽  
Management Model ◽  
The Russian Federation ◽  
Quantitative Indicators ◽  
The Impact ◽  
The Relationship

The paper studies the relationship between transaction costs and risk management in the construction projects affecting ecosystem considering economic externalities. Quantitative indicators of the impact of transaction costs on the level of risk in the project are thoroughly investigated. The construction project risk management model based on transaction costs is discussed in detail. Collected and experimental data of the construction project, which has a significant impact on the ecology of the Baikal region in the Russian Federation is analyzed and the uncertainty reduction caused by transaction costs is measured.

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