Insurance related ArticlesInsuring the 2010 world cup - looking back
Risk Health Check ArticlesSystem Business Benefits
Mini risk health check
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Risk Therapy 101
MINI RISK HEALTH CHECK (MRHC) ©
From the third quarter 2010, all business entities in SA will be expected to adhere to the 2008 Companies Act legislation on a “comply or explain” basis. This is additional to any industry specific legislation such as that required by the Financial Services Board for licensed Financial Service Providers. Internal risk management processes and procedures form a significant part of these requirements and are now included as they are recognised as an international best practice business standard.
It is going to be difficult for regulators to police compliance for smaller entities, however we believe that business partners, such as banks, insurers, external directors and shareholders are likely to start asking for the same information. Audit opinions will also be affected by the presence or absence of these business controls for a going concern.
The Mini Risk Health Check (MRHC) tool is a distillation of our main Risk Health Check (RHC) enterprise wide system and is designed for quick risk analysis of larger operations or permanent control of smaller business risks and opportunities. Both systems have proven track records in all sectors of SA business and are being marketed overseas.
The key features and benefits of the systems are:
... “ART is an authorised Financial Services Provider”
Supplier of Risk Management services to the 2010 world cup South Africa
Paul Brightman - Alternative Risksmiths and Traders (Pty) Ltd. Short name - ART.
Cell : +2783 708 3634 Work : +2711 646 2777
11, Taylor Rd, Greenside, Johannesburg. Code: 2193.