Mitigation: Covered entities must attempt to mitigate any harmful effect it learns was caused by use or disclosure of PHI by its workforce or business associates in violation of its privacy policies and procedures or the Privacy Rule. Data Safeguards: Covered entities must maintain reasonable and ap...
Footnote 21 The boundaries of the ‘E’, ‘S’ and ‘G’ categories are, in practice, drawn broadly and encompass a wide range of salient issues, ranging from mitigation of climate change risk, respect for human rights, achieving board and workforce diversity, and executive remuneration ...
institutional legitimacy, and financial risk. The rationale underpinning the use of both theories lies in their complementary nature: while stakeholder theory underscores the importance of considering and addressing the needs and expectations of various stakeholders—including employees, customers, and ...
A provision of this law granted the FDA new powers to enhance drug safety by requiring the pharmaceutical industry to develop Risk Evaluation and Mitigation Strategies (REMS). REMS are deemed necessary when a question exists as to whether the benefits of a drug outweigh its risks. REMS ...
For example, financially literate individuals may recognize the advantages of structured repayment plans in formal loans, while those with lower financial literacy might avoid them due to concerns about penalties, even if informal credit options present higher risks and cumulative costs (Huston, 2012; ...
Risk Mitigation Strategies:To mitigate risks associated with revenue recognition, companies should implement several strategies. These include establishing clear policies and procedures, ensuring robust internal controls, providing adequate training and education to employees, maintaining comprehensive documentation,...
As one of Earth’s most carbon-dense regions, tropical forests are central to climate change mitigation efforts. Their unparalleled species richness also makes them vital for safeguarding biodiversity. However, because research has not been conducted at management-relevant scales and has often not acco...
In addition, the pandemic’s adverse effects (for example, uncertainty, stress, economic strain, rates of morbidity and mortality) and associated mitigation measures (for example, physical distancing, quarantines) can lead to the onset or exacerbation of depression, anxiety, excessive substance use,...
At level 500 maturity, an organization believes that taking a strategic approach to governance and compliance will actively support business goals as opposed to serving merely as a function of risk mitigation. Metrics are reviewed regularly & updated as needed; results monitored & processes ...
As such, the process of ship loading is an opportunity for inspection and mitigation of contaminating pests. After loading, however, all container surfaces that are adjacent to a neighboring container or the ship superstructure cannot be visually inspected. This means that less than 10% of the ...