academy

Glossary


Occupational Health & Safety (OH&S)
This field deals with the protection of the welfare, health and safety of employees, customers, suppliers and the neighboring communities. Different countries & states take different approaches to the legislation, regulation, and enforcement.
OHSAS 18000
This is an international occupational health and safety management system specification designed to help companies identify and control OH & S risks. It includes 2 sections: 18001 and 18002.
Open Compliance and Ethics Group (OCEG)
A nonprofit organization that provides a framework for integrating governance, compliance, risk management and culture.
Operational Risk
Risk that arises from the execution of a company's business functions. [2]Basel 2 defines operational risk as a loss resulting from failed internal processes, people and systems, or from external events.
Operational Risk And Basel 2/Solvency 2
See Operational Risk.
Operational Risk Management
Operational Risk Management (ORM) a continual process that results in the acceptance, mitigation, or avoidance of operational risk.
Operational Risk Software
Software used to ensure Operational Risk Management.
Operational Risk Solvency 2
See Operational Risk.
Oprisk Software
See Operational Risk Software
Original Equipment Manufacturer (OEM)
A company that produces a product (hardware) to be sold under another company's brand.