Kimberly Clarke Flashcards

1
Q

Although some risks are outside our control, risk management is…

A

how we we work together to proactively identify and plan for events and to mitigate the impact to the Corporation.

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2
Q

Heightened geopolitical risk

A

• Increased security risk due to immigration and terrorism activities

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3
Q

Changing workforce dynamics

A
  • Higher turnover among millennial workers
  • Utilization of contingent workers
  • Inability to attract e-commerce talent
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4
Q

Expansion of litigious culture globally

A

Increase in non-US lawsuits, including class actions

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5
Q

Technological advancement

A
  • New medical technology eliminates need for a K-C product (e.g. medical breakthrough in incontinence)
  • Sophistication of cyber attacks and data hacking
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6
Q

Pandemic

A

Manufacturing operations and/or supply chain disrupted by widespread infections

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7
Q

you must __________ to understand the risks

A

visit locations

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8
Q

Risk Management:

A

– Insurance provisions
– Indemnity language
– Evaluating risk factors • Low,MediumorHigh

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9
Q

What terms should not be changed?

A

– Consequential damage coverage

– Waivers of subrogation

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10
Q

building our crisis management capability

A

1) Goal is to enable to business to effectively work through a crisis
2) New approach to crisis management provides the business:
– A central office to call when a crisis occurs
– Process and tools to use in all crisis situations
– Standard work to ensure teams are prepared

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11
Q

demand for training continues to grow

A
  • Increased requests for Smart Risk Assessments
  • Risk management training remains in demand
  • North American Armed Intruder Training developed in 2016
  • BCP training rollout in Q3 2017
  • Continual management of $33B in insurable values
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