Since March 2020, Airmic has been issuing Friday Reading, a curated series of readings and knowledge resources sent by email to Airmic members. The objective of Airmic Friday Reading was initially to keep members informed during the Covid-19 pandemic. Today, Airmic Friday Reading has evolved in scope to include content on a wide range of subjects with each email edition following a theme. This page is a searchable archive of all the readings and knowledge resources that have been shared.
Friday Reading Edition 92 (4th February 2022)
Organisational culture is an important area for boards to consider because it can be a key component of organisational failure. If the appropriate checks and balances are put in place, and there are cultural issues bubbling up in an organisation, then there are ways to identify and address these before they become a major front page story.
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Friday Reading Edition 86 (10th December 2021)
Look at the different stages of a transformation’s life cycle to understand where value is lost and what companies can do to preserve it. According to McKinsey’s analysis, three core actions of a transformation are especially predictive of value capture—and the companies with successful transformations are more likely than the rest to pursue the specific tactics that support them.
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Friday Reading Edition 85 (3rd December 2021)
The UK must be better at anticipating, preparing for and responding to a range of challenging risk scenarios, including those which it has never experienced before. The report emphasises that the Government’s current strategy of centralised and opaque risk assessment and risk management, which fails to make adequate preparations, has left the UK vulnerable.
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Friday Reading Edition 84 (26th November 2021)
Andrew Simpson focuses on the importance of a creating a healthy workplace environment and protecting the mental health of employees now more than ever. Find out how mental health strategy is a collective team effort in order to breakdown stigmas and create a more open and understanding workplace where staff feel comfortable to share their challenges and overcome difficult times. This article outlines ways in which organisations can tackle mental health challenges ahead.
Supply chain ripples Text
Friday Reading Edition 83 (19th November 2021)
Some of the world’s biggest companies are setting ambitious net-zero targets, with significant implications for their supply chains. How impactful could the ripple effect be in helping to meet the goals set out in the Paris Agreement?
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Harnessing internal audit against climate change risk: A guide for audit committees and directors Text
Friday Reading Edition 82 (12th November 2021)
As well as the need to prepare for the physical impacts of climate change, Boards must help their organisations adapt to the requirements of new national and international laws and regulations that will embed sustainability in products and services.
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Friday Reading Edition 80 (29th October 2021)
If there is one positive to be had from Covid, it is that Airmic members now consider their organisations to be more agile and adaptable than they were before. This is important as planning and executing in uncertainty is no longer the exception, and operating flexible and adaptable business models is critical to success.
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Friday Reading Edition 78 (15th October 2021)
Part of the Airmic EXPLAINED series of guides, this guide provides an introduction to the concept of risk appetite and addresses the myths, and the links with culture, maturity and sustainability. Defining and implementing risk appetite (often also referred to as a risk attitude) is a strategic activity that involves the Board and top management, as it must be aligned with strategic objectives, and requires consensus and engagement from the organisation’s leadership. This guide is essential reading for those new to the risk management profession, or for those who find themselves with a responsibility for risk management as part of a wider role.
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Friday Reading Edition 78 (15th October 2021)
The Insurance Act was the most fundamental change to UK law governing commercial insurance and reinsurance since the Marine Insurance Act 1906. It governs all polices placed, amended or renewed after the 12th August 2016 and aimed to address the imbalance between insurer and insured rights and encourage a deeper understanding of the risk by all relevant parties. The legislation made significant changes to: the pre-contract duty of disclosure, insurer remedies in the event of a breach of the new duty of fair representation and certain terms used in policy wordings. This guide aims to assist risk professionals in making the most of the benefits of the Insurance Act, while ensuring their own compliance with the duties placed upon them.
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Friday Reading Edition 77 (1st October 2021)
Companies seek to seize and deliver on opportunities that create long-term value that are aligned to their purpose. But every opportunity and every action (or inaction) has an associated risk. Investing is as much about assessing the risk as the related opportunity. This means that all organisations have a story to tell on these topics to investors, regulators and other stakeholders. But is this story clear, is it connected and does it reflect the organisation’s processes?
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