Lloyds Register Quality Assurance, Inc. (LRQA North America)

LRQA emphasizes business assurance as key driver in business operation and financial success

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Lloyd's Register Quality Assurance (LRQA) has released a white paper entitled Management Systems and the Business Assurance Agenda. The paper underlines the breadth and value of Business Assurance to the operational and financial success of organizations and their CEOs and stakeholders.

From outsourcing concerns to risk management, the white paper identifies the importance of Business Assurance in enabling organizations to utilize their management systems not only to comply with international standards of quality, environmental practice, health and safety, or security, but more importantly, as a resource for meeting and even exceeding their organizational goals and objectives.

Developed with insight from global LRQA management systems professionals, key topics in the paper address:

  • the effect of management systems on the agendas of senior management and the CEO, from design to risk to accountability
  • the effect of management systems on maximizing stakeholder value
  • the critical benefits and impact of integrating management systems with organizational policy, structure and strategic objectives
  • the fundamental role management systems play in helping organizations mitigate risk and environmental and social impacts 

“Traditionally, management systems have served as a means of controlling quality and compliance.  They are now evolving into a strategic tool to identify and manage operations and risk,” says Andrew Smith, senior vice president, Lloyd’s Register Americas Management Systems.  He adds, “Progressive organizations will welcome this change and realize the importance of management systems in achieving business improvement and, ultimately, competitive advantage.”

Management Systems and the Business Assurance Agenda is a follow-up to LRQA’s global research report, Setting the Agenda for Change, in which over 300 senior executives of companies around the world helped to identify the value that certified management systems can bring when utilized at their full potential.

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