In his 12 years as CEO and Chair at Alcoa, Paul O’Neill increased annual net income by five times, its market capitalisation by $27 billion and led to the company becoming one of the best performing stocks on the Dow Jones Index – he attributes all the success to a focus on workplace health & safety and I’m going to share with you how he did it.
This week I’m using Stephen Covey’s strategy ‘Think Win/Win’, to show you how you can have greater influence over others without relying on your job title or your role in the organisation.
This is the second instalment in a 2-part series on BowTie risk assessments. Today I show you how to apply the hierarchy of controls to a BowTie risk assessment which will ultimately give you a better understanding of where to target your resources and improve your monitoring and assurance activities.
In this post I examine the BowTie risk assessment – a great tool for business leaders to help you visualise your critical risks and associated controls. When these two aspects of risk management are clear, you will be able to easily identify what you should be monitoring as part of your assurance and due diligence activities.
Today we look at how the requirement to draft accountability maps and statements and the deferral of executive variable remuneration under the Banking Executive Accountability Regime can be applied to WHS governance – accountability maps can be a foundation piece in your WHS governance framework and help officers understand who does what; and while the BEAR requires the deferral of executive remuneration, it means very little if WHS is not included in the assessment of overall business performance.