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5 MANAGING RISK OF
BUSINESS MANAGEMENT:
GG PORT (MALAYSIA) BHD
NURAZLIN MAISARAH KAMAROZAMAN
The article used is ‘Managing Risk of Business Records: Gg Port (Malaysia) Bhd which a
case studied for 5 TH International Conference on Information Science in year 2022. This
article delves into the critical importance of effectively managing the risk associated with
business records, with a specific focus on the case of GG (Malaysia) Bhd., a company
situated near the sea. The study recognizes that risk can have both positive and negative
implications and emphasizes the significance of managing risk to mitigate potential
litigation issues. In particular, the research aims to explore the level of awareness, existing
policies and procedures and the adequacy of facilities in managing the risk of business
records.
One of the notable challenges identified further exacerbate the risk associated with
in the article is the lack of awareness business records.
among management regarding the To effectively address these challenges,
importance of risk management. This is the article underscores the necessity of
particularly true for Small and Medium implementing robust policies and
Enterprises (SMEs) who often struggle to procedures for risk management. It
implement risk management practices due recommends adhering to established
to a dearth of comprehensive guidance standards such as ISO 31000:2010 and
and requisite expertise in this area. customizing existing frameworks to align
Moreover, the article highlights the with the specific needs of the organization.
potential impact of climate change on The lack of coordination, planning and
businesses located in coastal areas, which suitable policies and procedures are
can pose risks to the physical integrity and identified as factors contributing to
preservation of business records. Neglecting inadequate records management
responsibilities in managing records can practices.
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