India clamps down on enterprises

The Indian government has enforced new governance regulations for central public sector enterprises (CPSEs), says the Business Standard.

The guidelines on corporate governance for CPSEs was first introduced in June 2007, but were voluntary for one year on a trial basis.

The regulations cover issues such as compliance, risk management, and reporting and audit committees.

The University of California (UC) is using advanced analytics services and technology from IBM to better manage the frequency and severity of risks, control costs, enhance the safety of the UC systems community, resources and facilities, and eliminate technology redundancies, states TTKN News.

IBM worked with UC's Office of Risk Services to design and build the enterprise risk management system based on IBM's analytics, portal and collaboration software to help manage liabilities across UC's 10 campuses, five medical centres, laboratories and field sites.

Information on the real and potential risks from departments and locations is aggregated for better insights and management so UC administrators can isolate recurring incidents and break the cycle of injuries or costs due to operations failures.

A quarter of enterprises using cloud computing believe the risks outweigh the benefits, but still carry on regardless, according to non-profit research association ISACA, reports eWeek.

Over a third of surveyed enterprises claim budget limits are their greatest hurdle when addressing IT-related business risk, with 34.2% not willing to fully engage in risk management.

Paul Williams, ISACA strategy chairman, says: “Organisations need an integrated risk management approach to identify, assess and prioritise risks, so that they only take appropriate gambles with acceptable consequences or level of reward.”