One of our clients operates sites that must comply with local environmental legislation that requires any releases of waste above threshold levels to be reported promptly to the regulator. Several small releases had resulted in the regulator imposing minor penalties. The company wanted to examine the root causes for a small selection of incidents, with the aim of identifying general lessons from them and specifying areas in which the business could improve its performance.
Creating value from uncertainty
Broadleaf Capital International is a specialist risk management consultancy. Our expert team brings decades of experience, leading methods and a deep understanding of risk and its management. We operate around the world.
Latest from Broadleaf
Grant Purdy recently delivered a key note speech at the RiskNZ Conference. He spoke on Hearing over the Cacophony and challenged the value of the ever-expanding multitude of artefacts, encumbrances, concocted expressions and three letter acronyms that obscure the core concepts for managing risk and clog up current risk management practice.
The risk management framework is the foundation for effective risk management. The new ASX Principle 7 requires organisations to implement a sound framework and for boards to carry out annual assessments of the effectiveness of these frameworks. This means that organisations have to move on from sending reports containing 'lists of risks' to Boards to provide them with information on their framework and its effectiveness. This presentation describes a risk management framework and its components and shows how companies can report to a board on the effectiveness of its approach to risk management.