SGX Listing Rules should be Followed

The competition in the world of business has grown immensely. Several factors are responsible for this growth and technology has a dominant role to play in this field. The companies require risk management, training, resilience and several other services. For this reason, Jaba was formed in the year 2007. They have the objective to offer the best services to the professionals and business world in various segments like software programs, business consultancy, training and services, corporate governance, crisis management, disaster recovery, enterprise risk management and much more. They also help the companies to achieve the required compliance to work effectively in the related industry. The SGX Listing Rules are communicated to the client companies which can help them in proper working and growth.

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ISO 22301 is a certification of standards which should be obtained and achieved by the companies to ensure that they have resilience programs. After meeting the requirements for the certification in complete strength, the company can have the logos printed on their business card about the certification which will add immense repute to their respective organization. The professionals of the company are highly educated to offer the best training to the high-level executives of the client companies.

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ERM Consultant can Turn Around the Risks and Bring About Positive Results

Every business is associated with risk. This is a fundamental truth about business organizations which cannot be overlooked. The best solution is to identify the risks and work towards the positive management of the same and turn them into good risks. The service providing company like JABA can provide effective assistance in the related field to the client companies. The ERM Consultant of the company is very well educated and they can effectively work out a program which can be very effective to reduce the risks of the client companies. The trick is to learn to manage the risks and the consultant is just the right person to offer the assistance.

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The BCP Consultant of the company can provide effective resilience program to the client companies which can help them to cruise through difficult times. The continuous working of the business organization is monitored by them so that the best effects can be achieved. There are various professionals in the company who are experts in the related field. They can offer the best assistance to the clients which are much appreciated by them. The company can offer them with the assistance through written or verbal communication.

ISO 22301 Certification can Help to Combat the Risk

The pace at which modern technology is progressing is shrinking the world. The business operations are becoming riskier too in this way. Though the advantages of technology and the internet cannot be overlooked, yet the negative effects are also pronounced. Unhygienic conditions also dawn due to the adverse living conditions.  The company is working on global cure in every sector. The company which is established in Singapore is also helping the clients to achieve the ISO 22301 Certification.

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The company ensures the proper corporate progress in the country. The risk management consultants of the company are aware of the prevailing conditions which put the client’s companies at a risk zone and they can offer them the required help to achieve the ISO 31000 Certification. This has confirmed the benefits for the client companies and ensures that the clients get access to several other benefits after achieving the certificate of the standard.  The company has been extending various help to the business sector so that the clients can get the best use of the resources. The company ensures that the clients are providing the optimum working conditions in their companies to the employees. All such falls under their jurisdiction when they tie up with the client.

Enterprise Risk Management Systems should be Effective

Every organisation has a set of business objectives. There are always risks and evolving situations present that could prejudice the meeting of these business objectives and may even prejudice the very existence of the organisation itself. To succeed in business, one has to manage its business risks and situations.

Top C-class management (i.e. CEO, COO, CFO, etc) do look out for presence of risks and changing of situations. But because of their busy work schedule heavy responsibilities, they are not able to always identify and prevent risks of mishaps from occurring. Most employees even in senior and middle management do not place risk management high on their lists of KPIs. Accordingly, the number of process failures increased, as organisations get leaner. These manifest themselves as fire-fighting episodes that result in business disruptions, lower product quality and productivity, and in some cases even causing the demise of the organisation.

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Successful organisations succeed because they are have a risk management culture and that they place risk management as integral to their business processes throughout the organisation. This means internalizing a system – a management system that regulates risk management practices by all employees at all business functions. This is Enterprise Risk Management (“ERM”). This takes the burden of risk oversight from the top C-class management and spread it over to all heads of departments who are directly involved with the risks.

Jacob Business Armour, in Singapore, offers professional consultancy on risk management, Internal Controls and corporate governance to clients, including ERM project implementation.

Prospective clients can get in direct touch with Jacob Business Armour for further inquiries. The consultants of the company are fully trained and experienced.

Services of BCP Consultants in the Event of Crisis

CEOs and senior managers are aware that things under their responsibility can suddenly go wrong, and that they are required to restore them back to normal. In this modern days, any business disruption can be very costly and customers and stake-holders generally are not sympathetic when one occurs.  It is now a requirement for companies to ensure that there is a plan available that will guide them to respond to any operational breakdown.

Business continuity requires first seeking understanding of what key business drivers are. Then to explore possible situations that could arise to affect them to the point where a total disruption to the organisation occur. This means risk identifications, risk mitigations, planning for restoration of critical business functions, and certainly also crisis management.

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A BCP Consultant generally formulates business continuity plans (i.e. BC Plans). However, the BCP Consultant must also be capable of extending BC Plans into providing organisations with the proper bases and training in providing incident response and crisis management.  Paper plans alone cannot respond to the crisis, only crisis management team can – and the team has to be trained.

The ISO 22301-2012 provides the international standards on the requirements of business continuity management. This ISO 22301 standards has superseded many national standards such as SSS540:2008 and BS25999-1/2.

Security Against Disaster in Business

For any business, success and prosperity are the main objective. To run a successful business, an organization has to be resilient in its operations.  Risk management is one approach to business resilience.  To protect an organization from any possible negative event, risk avoidance, incident response and disaster recovery are prerequisite capabilities to possess. Disaster recovery helps an organization to regain its lost infrastructure, electronic information any such items caused by natural or human caused disaster.

Disaster recovery requires strategy, and formulations of recovery plans. This critical work is carried out by Disaster Recovery Consultant who are professional in the field of situational warfare. Taking guidance from a disaster recovery consultant is not an option if one is serious about establishing resilience.  Needless to say, experience of the disaster recovery consultant or business continuity consultant is paramount to developing an effective resilient business model.

Business continuity management helps in recognizing the potential dangers that could badly impact an organization.  These dangers include natural threats or breach of data or information. Disaster recovery, incident management, data breaches, contingency planning, emergency management, crisis management all components of Business Continuity Management. BCM identifies the probable threats, and implement measures required to safeguard the organization from them. BCM consultants continually monitor situation changes, review and update the BCM system and test them through rehearsals and exercises, so as to maintain an ever ready state of preparedness against potential calamnities.

Internal Controls that helps in the smooth functioning of the Organization

Internal controls are basically used for assuring the working efficiency and effectiveness of any organization. It helps in assuring the achievements of the objectives and aims of the organization, it helps in safe guarding the assets and resources of the organization, enables in systematic function of the company, providing on time management and financial information, ensuring adherence of the policies and plans of the company and most importantly helps in identifying and rectifying the errors that take place in an organization.

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Jacob Business Armour is a well-known company that helps in providing the clients business related solutions like the health of the organization, the longevity of the business as well as the operational efficacy of the business. The main focus of the company is to provide the client such formulas that will help the clients business to achieve their desired goals. The company offers strategies and solutions that help the organization in internalizing a resilience program. Internal Control is basically certain rules and policies that are incorporated in an organization for minimizing the risk values of the company. It is designed by the company in such a way so that the information technology controls within any organization are operated as intended and are working as per the laws and regulations.

Crisis Communications is very essential for a healthy organization!

What is a crisis?crisis-management

 A crisis is any situation which is posing a threat to harm the people or the property, or interrupt the business operations seriously and damage the reputation of the company. The bottom line is that a situation of crisis brings about a negative impact on the business.

Every business enterprise is vulnerable to crisis. If your business organization is not prepared for the crisis, it is likely to cause more damage. Any crisis management related business plan fails only if it unable to address the communications issues related to the disaster or crisis response.

Therefore, adequate internal as well as external Crisis Communications is required in every organization. The basic key steps of Crisis Communications are not at all difficult. But you need to devise these steps in advance so as to minimize the impact of the damage on the business concern.

So, you should follow the steps towards crisis communication, such as, anticipate crisis, identify your crisis management communications team, establish the monitoring systems, identify and know the needs of your stakeholders, develop the holding statements, assess the crisis situation, finalize the key messages, and conduct a post- crisis analysis.

The importance of Internal Control in the organization

Business operations are, in most cases, complex. They are carried out by employees of business-consultancy-305x215different levels, who may be well trained or experienced, or who may be new staff who may not yet be proficient in handling them. Knowledge is not the only concern because there could be some employees who might conduct unscrupulous actions that may be harmful to the organization.

It is virtually impractical to expect business managers to supervise all daily work carried in operations. So mistakes can be made that could result in significant ramifications to the objectives of the organizations. Hence, there should be management systems put in place that could help trigger off alarms when things go wrong so that remedial actions can be taken to avoid damage and losses. Enterprise Risk Management (“ERM”) is the umbrella management system that could highlight potential risk and vulnerabilities in an operating platform. When such are identified, risk management actions and Internal Controls can be put in place.

Jacob Armor Business (“JaBA”) has been helping organizations to implement risk management and Internal Control systems in place. JaBA employs propriety software in risk management and Internal Controls, together with best practices as benchmarks. Using JaBA’s methodologies, business operations are made resilient against mistakes and misdoings meeting the stringent requirements of listing requirements and corporate governance.

Corporate Governance is Essential for Business Efficiency, Effectiveness and Productivity!

Corporate Governance is a system by which a company controls and directs the organisation. It requires the establishment of optimal method and processes for the organisation to ensure sufficiency of vigilance against omissions, errors and fraud, and to manage these by implementing of effective controls and checks. Corporate Governance applied at two levels: board governance and business governance.

Essentially, corporate governance is important to its stakeholders, primarily its shareholders and key customers. It involves fair balancing of these stakeholders’ interests and ensuring transparency in dealings by both the supervisory board and the operational managers. Most countries publish their respective sets of rules of corporate governance for their business communities and non-profit. All public-listed companies are required, additionally, to adhere to their respective stock exchange’s listing rules.

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Of primary concerns in corporate governance are: effective board member composition and practices, presence of committees (e.g. audit committee, remuneration committee, nominating committee, risk committee), adoption of fair and robust business practices, transparency to shareholders, internal audit, and a sound practice of risk management and internal controls. Sustainability is another growing key concern, and the board is incumbent to ensure that the organization’s operations is sustainable to both itself, the society and ecology.

Procedures for working between the board and operational management, i.e. proper bilateral flow of information, directions for control and supervision serving as a system of checks and balances for any corporately governed organizations. It is a transparent way in which an organization is governed so as to completely satisfy the stakeholders. It also helps in determining the most effective strategies for decision making.

At JaBA, we have resources to support your corporate governance obligations. We are able to do this through: conducting a ‘governance and transparency’ review, implementing risk management and Internal Control systems, process analysis leading to optimal operational efficiency and reduced costs.