Abstract
The SA Journal of Human Resource Management provides a forum for cutting-edge, peer reviewed research in all fields related to the exploration of issues and experiences relating to employment studies and people management.
Highlights
Against a backdrop of uneven and uncertain economic recovery, the worldwide economic recession has led to a renewed focus on managing risk (Butler, 2010).At a local level, the King III Code on Governance in South Africa has been in effect from 01 March 2010
Given the important role of human resource (HR) directors in supporting King III, and the sound governance of South African organisations in particular, the Human Resource Research Initiative of South African Board for People Practices (SABPP) identified the management of HR risk as one of the most important opportunities that HR practitioners have for adding value to the new governance dispensation in the country
Shirley says ‘We review the Key Issues Control Log (KICL) for the bank and ensure that we have reported and escalated any matters that should be on the KICL which goes to the South African Reserve Bank every month
Summary
Against a backdrop of uneven and uncertain economic recovery, the worldwide economic recession has led to a renewed focus on managing risk (Butler, 2010).At a local level, the King III Code on Governance in South Africa has been in effect from 01 March 2010. In response to King III, the South African Board for People Practices (SABPP) recently released an opinion paper on the human resource (HR) implications of King III (SABPP, 2009). Given the important role of HR directors in supporting King III, and the sound governance of South African organisations in particular, the Human Resource Research Initiative of SABPP identified the management of HR risk as one of the most important opportunities that HR practitioners have for adding value to the new governance dispensation in the country. The 2009 Ernest and Young Business Risk Report highlighted the importance of HR risk management.
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