RIMS forms standards committee

NEW YORK—The Risk and Insurance Management Society Inc. has formed a committee to support global risk management and develop better risk management standards and practices.

RIMS Standards and Practices Committee will allow the society to increase its profile in the standards and practices arena, as well as making it a primary resource for global risk managers, RIMS said in a statement.

The committee is chaired by Carol A. Fox, who is the past chair of RIMS Enterprise Risk Management Development Committee and senior director of risk management at Convergys Corp.

Initial tasks of the committee include informing risk managers and organizations about various risk management standards, and working with the U.S. Department of Homeland Security on voluntary preparedness and business continuity.