ERM CVS’ Post

For my sustainability network, if you are publicly disclosing your sustainability data and are curious about the requirements for reasonable assurance, this will be a great webinar to learn more and ask questions!

Interesting to look at some of the data from AFCA's annual report - and the major reasons for advice complaints. Inappropriate advice at the no.1 cause is important to note - as the language is instructive. s961G of the corporations act references that advice must be 'appropriate' once the s961B safe harbor provisions are met. Appropriate is of course an interesting one because it's not the 'best', or the cheapest, most comprehensive or any other objective metric - it's advice that is appropriate to the individual circumstances of the client. The best way to demonstrate appropriateness? ✅ Good qualitative questions to understand personal drivers ✅ Quality file notes linking advice to personal circumstances ✅ Demonstrating client understanding of how advice meets their needs ✅ Demonstrating how recommendation fits the context of the clients broader life/objectives. This is something in the area of risk advice in a number of our PD sessions throughout the year, if you are interested in catching up on webinars you might have missed - you can catch them on demand via Risk Hub.

🌟 A New Approach to Compliance: The Story Behind Our Program 🌟 Let me share a little story with you… Imagine a hospice and home health agency that, like many, felt constantly on edge about compliance. Every survey brought a rush of last-minute prep, sleepless nights, and a team stretched thin. Despite all their hard work, the feeling was always the same—“Are we ready?” And every time, they wondered if they’d done enough to meet the ever-evolving standards. Sound familiar? This is where our journey began. I wanted to create something different—a compliance program that supports agencies in a way that brings peace, confidence, and true readiness all year round. A program that takes compliance from being “just another task” to being a reliable, empowering part of their story. That’s how our Compliance Program was born. It’s an ongoing partnership designed to make compliance second nature. Imagine having: ✅ A team that feels empowered, confident, and knowledgeable about compliance. ✅ The comfort of knowing your agency is survey-ready every day, not just in the days leading up to a review. ✅ Tailored support that meets your unique needs, so compliance becomes a source of strength for you and your staff. Now, agencies don’t just feel “ready”—they feel confident, knowing they’ve made compliance a consistent part of their care and quality standards. Ready to start writing your own compliance story? Let’s connect! Click to learn more https://lnkd.in/etQUnhFa or to schedule a call https://lnkd.in/ejNy2n7C , and together we’ll explore how this program can bring peace of mind, reliability, and success to your agency—one compliance milestone at a time. ----- About me: I’m Irene, and I specialize in helping hospice and home health agencies navigate the tricky waters of compliance, chart audits, and staff training. Through my Compliance Partnership Program, I provide hands-on guidance to ensure your agency is always survey-ready and delivering the highest quality care. Ready to take your compliance to the next level? Reach out to me directly or visit my page to learn how I can help your team thrive. Follow me for more compliance tips. Contact Us Now 📧 isoirassot@ilscaresrn.com 📞 516-618-4560 https://lnkd.in/etQUnhFa ℹ https://lnkd.in/ejNy2n7C ℹ️ https://lnkd.in/eNT6K_BP

Here's a transition guide from SMETA 6.1 to SMETA 7.0: Changes in SMETA 7.0: 1. Revised Audit Structure : Simplified and reorganized audit format. 2. Enhanced Risk Assessment : More comprehensive risk assessment. 3. Modern Slavery : Additional questions and guidance. 4. Worker Engagement: Emphasis on worker interviews and feedback. 5. Environmental and Business Ethics : Expanded sections. 6. Reporting Requirements : Revised reporting format. Key Differences: SMETA 6.1 vs SMETA 7.0 | Section | SMETA 6.1 | SMETA 7.0 | | --- | --- | --- | | Audit Structure | 4 sections | 5 sections | | Risk Assessment | Basic risk assessment | Enhanced risk assessment with human rights risk assessment & maternity /young labour risk | | Modern Slavery | Limited coverage | Increased focus | | Worker Engagement | Limited emphasis | Enhanced emphasis | | Environmental | Limited coverage | Expanded section with Full GHG control | | Business Ethics | Limited coverage | Expanded section |

Here's a detailed transition guide from SMETA 6.1 to SMETA 7.0: Changes in SMETA 7.0: 1. Revised Audit Structure: Simplified and reorganized audit format. 2. Enhanced Risk Assessment: More comprehensive risk assessment. 3. Modern Slavery: Additional questions and guidance. 4. Worker Engagement: Emphasis on worker interviews and feedback. 5. Environmental and Business Ethics: Expanded sections. 6. Reporting Requirements: Revised reporting format. Key Differences: SMETA 6.1 vs SMETA 7.0 | Section | SMETA 6.1 | SMETA 7.0 | | --- | --- | --- | | Audit Structure | 4 sections | 5 sections | | Risk Assessment | Basic risk assessment | Enhanced risk assessment | | Modern Slavery | Limited coverage | Increased focus | | Worker Engagement | Limited emphasis | Enhanced emphasis | | Environmental | Limited coverage | Expanded section | | Business Ethics | Limited coverage | Expanded section |

🚀 New Code of Conduct for Directors! 🚀 On 6th June 2024, the Institute of Directors (IoD) unveiled a groundbreaking consultation paper on a new Code of Conduct for directors. This code is designed to guide directors across all sectors – private, public, and not-for-profit – towards making better decisions and upholding the highest standards of integrity. Here are the six core principles shaping this code: ♦ Leading by Example: Setting exemplary standards in personal conduct and decision-making. ♦ Integrity: Acting with honesty and adhering to strong ethical values. ♦Transparency: Making decisions openly, honestly, and clearly. ♦Accountability: Taking personal responsibility for actions and their consequences. ♦Fairness: Treating everyone equitably, without discrimination or bias. ♦Responsible Business: Integrating ethical and sustainable practices into all business decisions, considering societal and environmental impacts. The IoD is actively seeking feedback on any additional issues to address in this code and ideas for strategies to raise awareness among directors and the public and to what extent government, regulators or professional bodies should be monitoring or regulating the code. If you're a Director how willing are you to adopt a Code like this and what do you think the issues could be? 📅 Don't miss the chance to share your views by August 16, 2024! The IoD Survey can be found here below: https://lnkd.in/ez95wbJe This is a fantastic opportunity to shape the future of director conduct and promote a culture of integrity and responsibility in leadership. Get involved and make a difference! 💼🌟 #Leadership #Governance #Integrity #Transparency #Accountability #Sustainability #IoD #Directors #Employment #PositiveImpact #HM3Legal

Annual reviews are vital. Annual reviews aren't just paperwork; they're our secret weapon to building a #trustedadvisor! Here's why they're 🔑: 1️⃣ Stay Ahead of Risks: Markets shift, life happens. Annual reviews help us spot new risks and tweak coverage to keep clients safe. 2️⃣ Tailored Protection: One size doesn't fit all. With annual reviews, we fine-tune policies to match each client's unique needs. 3️⃣ Build Trust: Communication is key. Regular check-ins show clients we've got their back, building trust and loyalty. 4️⃣ Stay Compliant: Laws change; we stay on top of it. Annual reviews ensure we meet regulations so clients can rest easy. 5️⃣ Prevent Problems: It's easier to stop trouble before it starts. Annual reviews help us catch issues early, saving clients headaches and cash. The B File system makes annual reviews a highlight, not a chore. (And keeps our agents protecting what matters most!)💪 #InsuranceInsights #StayProtected #AnnualReviews

Few words strike fear into the hearts of business owners like “audit”. Many associate it with an unannounced financial inspection; but it has another, less scary meaning. A health and safety audit is nothing to be afraid of. In fact, it may be your best defence against legal and financial trouble in the future. Here’s why you should consider a regular health and safety audit, and how you can ensure that the process is as helpful as possible. Read our full blog here: https://lnkd.in/e_BS2ENf #HealthAndSafety #HealthAndSafetyAudit #Audit

Local government auditors are shifting to an "auditing for impact" approach that prioritizes improving community outcomes and exposing inequities. In our May Newsletter, Mark Funkhouser discusses how audits can strengthen democracy by ensuring efficient, effective, and equitable governance through an independent, proactive lens focused on program results - rather than just financial compliance. Auditors are allies for leaders seeking both organizational learning and regaining public trust. Read more here! https://lnkd.in/ezyqWzSM

Are you fully confident that your policies and procedures are adequately and effectively implemented? Are you comfortable with your written report documenting your annual review? Our consultants have a meticulous process for assessing the adequacy of your policies and the effectiveness of their implementation, including identifying gaps or deficiencies in meeting regulatory requirements or expectations. Key Benefits: • Experienced consultants familiar with compliant policy and procedure content • A thorough review of written compliance policies and procedures • An assessment of their implementation • A comparison with current advisory business and activities • One-on-one discussions to explain major findings and correction steps • A written report summarizing the review observations and recommendations • Ability to provide ongoing support to strengthen effectiveness Let our experts examine and strengthen your policies. Partner with Bates to ensure your firm confidently complies with Rule 206(4)-7. You can find out more information here: https://hubs.li/Q02sh-HS0