How using Key Risk Indicators improves your Risk Management Process

Key Risk Indicators (KRIs) are critical predictors of negative events that can adversely impact your business. They monitor changes in the levels of risk exposure and contribute to the early warning signs that enable companies to report risks, prevent crises and mitigate them in time.

An Integrated Approach to Banking/Credit Union Regulatory Compliance Management

Risk management software, audit management software, regulatory management software, policy and procedure software, learning management software and case management system software – these are the tools that find their way into Financial Compliance and Auditors’ world.  These are all individual software which is normally used by one then calculated to help the whole institution’s Banking/Credit Union levels.

Vapor Screening Considerations

In the fall of 2013, regulations governing Phase I Environmental Site Assessment Services (ESA) were amended to include a requirement to conduct a vapor screen. This significant regulatory development should have prompted real estate owners to ask several questions:

So you think Safety and Compliance Don’t Matter?

So you really think not having a rigorous safety and compliance management software system doesn’t matter? Just ask Don Blankenship, former CEO of Massey Energy, who was sentenced Wednesday, April 6^{th, 2016} to one year in federal prison for safety lapses connected to a deadly West Virginia coal mine explosion.

Quality Safety Culture: The Roles and Responsibilities of the Key Players

The Safety Coordinator’s role in implementing a quality safety culture

• Most important – care about the  employees and build relationships (talk to people, show interest, be genuine)
• Put the employees’ health and safety above everything else
• Make smart common sense safety policies and procedures (don’t overkill on the paperwork)
• Get the employees involved in the safety management system
• Carry oneself with integrity, character, and humility
• Build a culture of interdependence where all are working together and employees are looking out for each other

Why Is It So Hard To Comply With My Air Permit?

Complying with your air permit seems like an obvious need for any industrial facility. But depending on your facility’s operations, the State in which your facility is located, and, believe it or not, the State employee who’s been assigned to review your permit application and issue the permit, your permit’s record keeping and reporting requirements may be extensive and exhaustive. Larger corporations are likely to have dedicated, in-house environmental staff to handle these requirements. Small and medium sized business, who may own and operate a facility identical to one owned and operated by larger corporations, will have similarly extensive requirements, but they are not nearly as likely to have the same in-house staff.

The Importance of Usability in GRC Software

When it comes to governance, risk, and compliance, simplicity is not the first thing that comes to mind. Working in regulatory compliance can seem like an over-complicated maze of run-on sentences and unclear requirements at times. But it doesn’t have to be that way.

Oil & Gas Industry Regulatory Compliance Automation

What is it going to take for the oil and gas industry to step into the 21^st century and automate regulatory compliance?  How will regulatory change management software affect the industry? Will incident rates decrease? What do you think?

RSA and 360factors FREE Dredge Best Practices Seminar on 23 April

The La Quinta Channel Dredging Project celebrated it first year anniversary of completion this February. A dredging project of this magnitude involved extending the channel approximately 1.4 miles (with a depth of 39 feet) and constructing an ecosystem restoration feature for the protection of endangered species, wetlands and seagrass.

Benefits of a Successful Safety Management System

Taking a systematic approach to safety management makes managing your business both easier and more effective. It allows you to work out the best way to handle each aspect of your organization’s safety program while making sure that everyone uses the same approach every time.

Why Hotline Reporting Matters

Attention to ethics in the workplace and the demand for ethics and compliance regulations gained momentum as a result of several highly publicized corporate accounting scandals that occurred in the early 2000s, most notably those involving Enron, Tyco and WorldCom. In the wake of these financial debacles, public outcry demanded that the federal government step in and take strong, swift action to prevent these corporate improprieties from occurring again. This led to the enactment of Sarbanes-Oxley (SOX), federal legislation that set forth a host of new standards for corporate accountability regarding financial practices of publicly held companies, as well as penalties for non-compliance.

Weather the Storm of Policy and Procedure Management

Storm of Content

The Affordable Care Act. HIPAA. OSHA. If there is one thing hospitals aren’t short of these days, it’s new rules and regulations. And for every fresh law or regulation that gets passed, new or updated policies follow. Add in new technology adoption by the way of Electronic Health Records (EHRs) or mobile health and you’ve got a storm of seemingly countless—and constantly changing—policies and procedures that overworked employees must navigate daily.