Effective risk management cannot be achieved in a vacuum The best practices of the top risk managers involves tapping a vari ety of resources both internal and external and when appropriate sharing experiences and expertise with trusted advisors and net works Top risk managers pull together internal groups to ensure business continuity and resil ience A multi department team represent ing key areas audit facilities management legal human resources operational health and safety security and IT can ensure risk management is a companywide endeavor Tapping internal departments helps ensure that a risk management plan is comprehensive and all vital operations are involved in contin gency planning and disaster recovery Internal experts can also identify risks that a risk man ager hasn t accounted for ensuring the com pany s risk assessment is all encompassing Enlisting senior management sponsor ship is another good practice according to our panel Ask senior management to promote risk management in stewardship meetings and to help integrate risk management goals into key performance indicators Top risk managers also look beyond their internal resources Our panel recom mends tapping outside experts including FM Global FM Global s engineering and client service departments allow clients to leverage FM Global s expertise and research FM Global s risk service testing and Risk Reports are excellent resources for identify ing key risks and hazards Other third party resources include bro kers and policy reviewers adjusters and risk consultants who can help a risk manager con duct the proper due diligence Best practices includes obtaining peer guidance at safety and insurance conferences risk management forums and policy workshops For instance systemic threats to a global supply chain mean that an individual business can be affected by outside forces In such cases by coupling your knowledge of risk with your supply chain experts knowl edge you will improve the resilience of your company 3 LEVERAGE INTERNAL AND EXTERNAL RESOURCES Our common goal is to mitigate losses and make the process as smooth and cost efficient as possible It s easier to convey that mes sage within the organization to ensure that a risk control program is in place We want to engage the entire organization not just the engineering group or safety and security but general management local management as well as finance because ultimately an event will have financial ramifications and impact across our organization FABRICE FUENTES DIRECTOR TREASURY PENSION AND INSURANCE PHILIP MORRIS INTERNATIONAL Relationships are extremely valuable to Hershey and I am most proud of the relationships we ve forged We look to build strong partnerships that cross multiple years so that as the insurance marketplace or other emerging risks ebb and flow we can make sure our program also remains dynamic MEGAN MARSHALL DIRECTOR OF RISK MANAGEMENT THE HERSHEY COMPANY The one thing I absolutely love is how hands on FM Global is with our properties through inspections through walking the sites especially during construction They are such an asset to what we do Brandy wine is really moving forward in construction and development and there are a lot of unique challenges we re coming up against Brandy wine has always been a commercial real estate company but now we are dabbling in student housing luxury residential multifamily pools on rooftops green roofs and automated parking So there have been a lot of unique things we ve started that FM Global has come in and helped with KIRSTEN SHAWN RISK MANAGER BRANDYWINE REALTY TRUST 44 REASON ISSUE 2 2015

Vorschau Reason Magazine Issue 2 2015 Seite 44
Hinweis: Dies ist eine maschinenlesbare No-Flash Ansicht.
Klicken Sie hier um zur Online-Version zu gelangen.