Impairment in any form of lending is but a usual mishap that will typically occur, as a rule of the game. For bankers, loan impairment is something to prepare for, as early as before setting up operations, and to permanently upgrade. Failure to do that reveals costly. Refusal to do that, though, deprives the bank of lending premiums, in that the bank will not lend to credit-risky borrowers. Hence it is miss..
Financial institutions most often inherit some implicit view on their risks and then add elements as time goes by, as mishaps occur and as regulators demand. The result is all too often the spectacle of a claim at consistency, whilst risk priorities are more the result of interdepartmental relationships, and some risks can be misunderstood. However, when setting up a complete framework, pitfalls are legion...
This IRS regulatory compliance training will explain the Best TIN Solicitation Best Practices. While TIN solicitation might sound too lascivious for the legitimate business world, it is critical that every organization take this task seriously. For if they don't, a very uncomfortable and costly audit with the IRS is likely to ensue.Areas CoveredIdentify all required TIN information you need to collectDesign..
Mediation is not new. Mediation was employed in ancient India as well as in the Islamic world. In more recent times mediation has been widely adopted in the U.S. construction industry as a form of Alternative Dispute Resolution (ADR). Mediation is often employed when claims negotiations fail to reach a resolution in lieu of arbitration or litigation. The webinar discusses mediation as a process and discusse..
There has been considerable advancement in the application of risk management over the past two decades in running organizations. In particular, Enterprise Risk Management (ERM) has become a broadly accepted approach to managing risk across the enterprise based on a portfolio management perspective.However, no organization exists solely to balance risk across the enterprise. That is but a part of what any o..
Having a solid understanding of applicable regulations is not only legally required, but it can also offer your company tactical and strategic advantages. Preventing fines, penalties, and potential loss of import privileges will keep your business running smoothly, efficiently, and at the lowest cost of operation. Knowing, understanding, and applying the subtle areas of trade compliance and global trade man..
The new rule is highly anticipated by industry and will hopefully bring clarity to the long-standing GMO questions, cover financial and risk impact to businesses as well as helping consumers with educated food choices based on science, in short session encapsulates everything industry needs to know on launching the (NBFDSA).Learning Objectives Background on US GMO (Genetically Modified Organism) LabelingBas..
US Customs law dates back to 1879 and was far less burdensome, legally, on the US importer until 1993. Under current law, the US Customs Modernization Act, the US Importer is now mainly responsible for adherence to all US Customs laws and regulations. While Customs calls it a “shared responsibility”, the burden is on the importer to “exercise reasonable care”. In this session, we’ll discuss the basics of a ..
Much has been written over the years about proving and pricing contractor claims on construction projects. But little has been published about or presented on subcontractor delay claims. Do subcontractors have the same rights and remedies as the prime contractor? Are they held to the same standards? What are their legal rights? Do owners owe time extensions for subcontractor delays? Are prime contractors at..
This webinar discusses the genesis of RFIs, their development in the industry and frequent common use. The webinar discusses the impact of RFIs on construction projects, drawing upon data provided by a global construction software provider and other studies to assess how RFIs and the RFI process impact both small and large scale construction projects. The webinar addresses the abuse of the RFI process exami..
Ignoring the difference between risk control and management is akin to, on the road, mixing upside barriers and the steering wheel: the former aims at keeping the car on the path whatever comes, whilst the latter helps to keep the car at the optimal place on the road at all times. Such confusion inevitably leads to using soothing risk management patches rather than fully understood solutions, to ..
The key to effective risk management in a corporation or other operating entities is knowing and understanding the types of risk present in its business activities, the ability to identify operating weaknesses that may generate a risk condition, and having formal mechanisms for addressing an identified weakness with the objective to eliminate or modify the associated potential of a risk event. The first lin..
The Development and Implementation of a Hands on Day to Day Environmental, Health and Safety (EHS) Operating Manual
Most environmental, Health, and Safety (EHS) guidance is provided by program management. This includes guidance on matters such as compliance, audit, and management systems, for example, ISO 14,001. There is little guidance provided for day-to-day EHS activities. Learning is usually by trial and error. There is general uncertainty if things are being done correctly or perhaps not. If you are trying to antic..
The webinar will focus on taking your EHS organization from reactive to proactive. While a plan is unnecessary for a reactive organization; it is critically necessary for a proactive organization. As a proactive group, you will have internal and external clients. Senior management, division, and plant management are internal clients. Company individual facilities are also your internal clients. Trade associ..
The concept of Enterprise Risk Management as a strategically-aligned, portfolio management approach to risk management was first proposed nearly 30 years ago. This session will briefly discuss the history of ERM, clarify the distinction between ERM and risk management, and discuss the value that ERM brings to any complex organization. Key steps in implementing and maturing an ERM program will be covered.Are..