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Welcome to Australian Risk Services website. We are proud to be bringing Risk Management practices to businesses all over Australia. Over the next few weeks you will notice some changes to our website. We are on our way to make the website easier to navigate, locate services and enrich it with useful content covering topics, such as OHS, Enterprise Wide Risk Management, Corporate Governance and Business Continuity, Environmental Risk and Quality Standards. For some period of time the old version of the website will still be available for browsing and you are more than welcome to continue using it as you normally would for a short period of time. Welcome to the new look Australian Risk Services website. Register now for free access to Risk Management and Corporate Governance portals.
Risk Management Portal is a new project from Australian Risk Services. It would seem on the surface that the term risk is a simple notion, when someone states that there is risk in a particular situation, the listener understands what is meant: that in the given situation there is uncertainty about the outcome and the possibility exists that the outcome will be unfavourable. This loose intuitive notion of risk, which implies a lack of knowledge about the future and the possibility of some adverse consequence, is satisfactory for conversational usage, but for our purpose a somewhat more rigid definition is desirable. Economists, statisticians, decision theorists, and insurance theorists have long discussed the concepts of risk and uncertainty in an attempt to construct a definition of risk that is useful for analysis in each field of investigation. So far, they have not been able to agree on a single definition that can be used in each field. A definition of risk that is suitable for the economist or statistician may be worthless as an analytic tool for the insurance theorist. The fact that each group treats a different body of subject matter requires the use of different concepts. Although the statistician, the decision theorist, and the insurance theorists all use the term risk, they may each mean something entirely different.
Corporate Governance Portal is a new project from Australian Risk Services. Today, consensus is growing among industrial and transitional countries alike that economic success comes increasingly to companies and countries, that provide transparent and rule of law based commercial environment. This means good business ethics, good corporate governance and effective commercial dispute resolution, all institutions of rule of law that are attributes of today's most successful economies. Corporate governance is the term used to describe the rules and practices put in place within a company to manage information and economic incentive problems inherent in the separation of ownership from control in large enterprises. It deals with how, and to what extent, the interests of various agents involved in the company are reconciled and what checks and incentives are put in place to ensure that managers maximise the value of the investment made by shareholders. The manner in which directors carry out their tasks in a particular corporation may differ significantly depending on the: - size of the corporation;
- nature of its business;
- distribution of work between the directors and other officers of the corporation; and
- financial position of the corporation
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