Yearly Archives: 2016

Balancing Risks and Opportunities: The Board’s Perspective
Posted by

Balancing Risks and Opportunities: The Board’s Perspective

People start a business for many reasons. Some do it out of sheer passion, while others do it to create wealth and economic growth. Yet, underlying it all is a willingness to take risks. Entrepreneurs and established companies make risky decisions every day in the hope that those risks will translate into better opportunities, better […]

Risk-based Thinking: Does it Really Matter for Quality?
Posted by
Posted in

Risk-based Thinking: Does it Really Matter for Quality?

“Risk-based thinking”, as an approach, have left organizations torn between whether this approach really matters and makes a difference to the business or whether their risks are addressed the way it should be. With the revision of ISO 9001:2015, this confusion spread like a wild fire. Stringent compliance requirements and timelines have instigated a sense […]

How to Manage the Complexities of Evolving Business Risk
Posted by
Posted in

How to Manage the Complexities of Evolving Business Risk

All businesses today must acknowledge the state of the market in which they are operating and the ways it has evolved to breed risk. Truly, today’s business climate is volatile, uncertain, complex and ambiguous. Technology has unquestionably empowered companies to innovate quickly. However, new challenges have arisen as a result. Years ago, the cable industry […]

Cloud-based GRC Intelligence Supports Better Business Performance
Posted by
Posted in

Cloud-based GRC Intelligence Supports Better Business Performance

All businesses need a strategy and processes for governance, risk and compliance (GRC). Many still view GRC activity as a burdensome ‘must-do,’ approaching it reactively and managing it with non-specialized tools. GRC is a necessary business endeavor but it can be elevated from a cost drain to a value-add activity. By integrating GRC holistically throughout […]

Pharmaceutical Recalls: A Risk and Compliance Roadmap for Manufacturers
Posted by

Pharmaceutical Recalls: A Risk and Compliance Roadmap for Manufacturers

The three aspects a manufacturer must swiftly address in the instance of a pharmaceutical recall. All manufacturers and distributors wish to avoid having to recall a product. Through governance, risk and compliance tools, and processes they aim to safeguard product quality and standards. This takes not only attention to detail and precision within the company’s […]

Three-Stage Regulatory Compliance in Food Manufacturing
Posted by
Posted in

Three-Stage Regulatory Compliance in Food Manufacturing

To safeguard quality and standards, food manufacturing and distribution is highly regulated. To be fully compliant, companies need insight into their complete supply chain — end-to-end from base ingredients to finished product —  and they must be prepared to act in the event of a contaminated or compromised product that jeopardizes customer health. This demands […]

5 Simple Tips To Make Strong And Robust Business Continuity Plans
Posted by

5 Simple Tips To Make Strong And Robust Business Continuity Plans

Business Continuity Plans Today’s organizations need comprehensive and robust business continuity planning for swift and effective action in case of a disaster or crisis. As the trade and supply chain have gone global, businesses today expect crisis response to be in seconds, not in hours, to ensure that the ripple impact is minimized. As organizations […]