In this episode of Risk! Engineers Talk Governance, due diligence engineers Gaye Francis and Richard Robinson discuss regulations and licence to trade, the difference between the two and some of the confusion and difficulties it&apos;s causing for organisations, especially in major hazards. In their chat, they highlight the need for organisation to have their legislative requirements met and also their license to trade, and that managing and balancing both in an effective and efficient way is a big battle. And, ultimately, it doesn&apos;t work long-term to simply satisfy the regulator whilst ignoring the legal (legislation) issues. For more information on Richard &amp; Gaye&apos;s work, head to www.r2a.com.au and www.aptoppe.com.au.

Land Use Planning & Major Hazards

Due Diligence and Risk Engineers Richard Robinson and Gaye Francis discuss governance in an engineering context.Richard &amp; Gaye are co-directors at R2A and have seen the risk business industry become very complex. The OHS/WHS 'business', in particular, has turned into an industry, that appears to be costing an awful lot of organisations an awful lot of money for very little result.&nbsp;Richard &amp; Gaye's point of difference is that they come from the Common Law viewpoint of what would be expected to be done in the event that something happens. Which is very, very different from just applying the risk management standard (for example).&nbsp;They combine common law and risk management to come to a due diligence process to make organisations look at what their risk issues are and, more importantly, what they have to have in place to manage these things.Due diligence is a governance exercise. You can't always be right, but what the courts demand of you is that you're always diligent&nbsp;