RMIA - Risk Management Institute of Australasia’s Post

If you are attending the Risk & Resilience Summit in New Zealand, be sure to catch this insightful presentation from Brad Smith at Camms on the expanding role of GRC in modern business operations. It will explain how GRC has evolved from siloed processes into integrated activities aligned to organisational objectives & enterprise performance to support better decision-making and collaboration. Discover more in our blog: https://lnkd.in/eX3sJS6W #RiskManagement #RiskNZ #Resilience #GRC #CommandWithCamms #ChangeYourTomorrow 

The newly updated AIHA white paper on the Hierarchy of Controls (HoC) is a game-changer for OEHS professionals. No matter your career status, from early to established, this paper will elevate your risk management strategies by expanding your understanding of the HoC and its application in modern workplaces. Discover how the HoC can be adapted to fit specific risks, enhance the ARECC framework, and support the Total Worker Health approach in this SynergistNOW blog by Nancy E. Johnson, DrPH, MSPH, CIH. https://lnkd.in/etFEmBXg #Synergsitblog #Riskmanagement #ARECC #Heirarchyofcontrols #TotalWorkerHealth

On June 5 & 6, ERM Part-Time Lecturer Penny Cagan spoke at CeFPro’s 9th Annual Vendor and Third Party Risk Congress in New York City. Penny’s topic was "Driving resilience programs in times of heightened volatility".   Read a summary of Penny’s session here: https://lnkd.in/e-vPQsHG #columbiaerm #thirdpartyrisk #resilience

In the face of increasing systemic risks, resilient governance is more critical than ever. The CSI 2024 session "Building Resilience for Systemic Risk and Governance," with collaboration from Accelerator for Systemic Risk Assessment (ASRA), reimagined how institutions can adapt to complex challenges. Transparent, inclusive, and flexible governance is the key to navigating today’s uncertainties and ensuring sustainable outcomes. #CSI2024 #socialimpact Ajay Gambhir | Sarah Hendel-Blackford

🌟 Exciting News! 🌟 WTW is thrilled to announce our exclusive partnership with the Singapore Institute of Directors (SID). This collaboration underscores our commitment to supporting excellence in corporate governance and risk management. As part of this partnership, we are offering SID members: 1. Exclusive Risk Management Health Check at a special rate, 2. Board effectiveness assessment services with 30-50% discount from standard advisory fees. These bespoke services provide profound insights into people-capital-risk solutions; including best-in-class insurance and risk management frameworks, and how can companies build better boards. We look forward to a fruitful relationship with SID and its esteemed members, fostering growth and innovation within the community in Singapore. For more details on this exclusive offer, visit https://ow.ly/T9b450UezlJ Stay tuned for more updates as we continue to strengthen this partnership! #WTW #SID #SmarterWaytoRisk #CorporateGovernance #RiskManagement #BoardEffectiveness Mukesh R. Shai Ganu Christine Lau Yong Fei Tan

This is an excellent guide to implementing risk management in any organization or to check if your management follows these guidelines. Thanks for sharing this Julien Haye

🚀 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐋𝐚𝐮𝐧𝐜𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐢𝐬𝐤 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐅𝐨𝐫𝐮𝐦: 𝐒𝐡𝐞𝐢𝐥𝐚 𝐔𝐣𝐨𝐨𝐝𝐡𝐚🎙 “As we launch the 𝐑𝐢𝐬𝐤 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐅𝐨𝐫𝐮𝐦 (RGF), we mark a significant advancement in strategic and integrated risk management. This Forum moves beyond mere compliance, initiating a proactive approach that transforms risks into drivers of innovation and growth. The establishment of the #RGF is a testament to our commitment to empower business leaders and boards with the tools necessary to navigate confidently in an ever-evolving business world. Organisations are encouraged to engage with the Forum and gain access to the latest insights, resources and best practices to effectively lead in today's complex business environment. As a strategic partner in corporate governance, the #MIoD is committed to providing platforms like the RGF that drive business resilience and sustainable growth." - Sheila Ujoodha, CEO of the Mauritius Institute of Directors (MIoD) 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐑𝐢𝐬𝐤 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐅𝐨𝐫𝐮𝐦 (𝐑𝐆𝐅): In today’s complex business landscape, the ability to manage risk effectively is more critical than ever. The #RGF, an Advocacy Forum of the #MIoD, in collaboration with EY Mauritius, is designed to enhance the strategic management of risk across both public and private sectors. Set up with the support of its founding members: CIEL Group, MUA Mauritius & East Africa, Innodis Group, The United Basalt Products Ltd., MCB Group, RHT HOLDING LTD, Cim Finance, ABC Banking Corporation Ltd, Mauritius, Leal Group, Currimjee Jeewanjee, and Alteo; the RGF aims to equip business leaders and risk management professionals with the insights and tools necessary for developing robust risk strategies that will help them anticipate, manage, and mitigate risks effectively. 👉 Learn more on the launch of the RGF at https://lnkd.in/duYQiTND • • • #RiskGovernanceForum #MIoD #EYMauritius #RiskManagement #SustainableBusiness #Innovate #Empower #LeadTheChange Sheila Ujoodha Nafeeza Mulung Gerald Lincoln Shailen Ramgoolam Roshnee Lalldew Guillaume Dalais Jean Pierre Lim Kong Sunil Bholah Jerome De Chasteauneuf Vikash Nathoo Vikash Boolell Kamini Vencadasmy, CAMS ACG

57% of survey respondents say risk culture has changed for the better since the pandemic As corporate collapses make headlines this year the need for strong risk management is clear. This is why the Association of Chartered Certified Accountants (ACCA), The Association of Insurance and Risk Managers (Airmic), and the Professional Risk Managers’ International Association (PRMIA) have collaborated on a new study that gauges how risk and financial leaders are dealing with risk culture and to what extent they understand its effect on the organisation’s broader strategy. The research is based on an online global survey complemented by a mix of interactive engagements with the three professional bodies’ respective members, gathering views from thousands of risk and financial professionals around the world. The findings are published in a new report, Risk Culture: Building Resilience and Seizing Opportunities. Read the full report and its supplements here. This first of its kind study found that while 'box ticking' is prevalent there is growing interest in risk culture to cope with disconnected organisational cultures and hard-to-detect breadth of risks. Key risk priorities for risk and finance professionals across all regions were ‘regulatory, compliance and risk’ followed by ‘technology, data, cybersecurity’ and ‘economic inflation and recession’. Read more here: https://lnkd.in/gKchWyej #ISDCPro #accanews #ACCA #isdc #Airmic #PRMIA

📢 New outcome paper on risk sharing! Following the Partners' Segment session “Equitable #Partnerships: towards a fairer sharing of compliance-related risks” co-organised by Charter4Change, the Red Cross EU Office, and VOICE EU in March 2024, we have released an outcome paper to summarise the discussion. The session served to: ❶ Provide an overview of the compliance risks, fostering a shared understanding of how practices impact each actor. ❷ Share good practice examples of practical steps taken to address barriers to #risk sharing related to compliance and misuse of resources. ❸ Explore where risk-sharing modalities are already in place in DG ECHO-funded programmes and identify opportunities to set realistic commitments to replicate good practice modalities. Enablers for better risk sharing that were highlighted during the session: 🔵Conducive partnership environment 🔵Harmonisation of donor regulations 🔵Peer-reviewed joint risk analysis 🔵Capacity strengthening of #local partners 🔵Regular and open dialogue 🔽For more information, including key recommendations, read the full outcome paper here🔽

Our incredible PARIMA members and board members were in the spotlight yesterday at the Global Programmes Asia Conference 2024 organised by Commercial Risk! 🌟 From moderating to being on the panel, our PARIMA members have imparted insights and expertise at this inaugural Conference in Singapore. Franck Baron, President, IFRIMA, and Executive Team & International Affairs, PARIMA, set the tone with his keynote, Living with Change and Responding to Crisis, sharing key lessons and the rising role of captives in managing risk. 🔑 Suchitra Narayanan, VP, Head of Risk & Insurance, Revantage Asia, and Board Member, PARIMA, joined by Andrew Chan, FCA, Senior Manager, Risk & Opportunity, CLP Power Hong Kong, and Rahul Kumar, Risk Manager APAC, Cushman & Wakefield, delivered a dynamic session on Getting a Good Deal from the Insurance Market, sharing strategies to optimize outcomes. 💼 Christine Kempeneers, Risk Management Head, Aboitiz Group, and Ma Victoria Tan, Executive Director, Group Sustainability and Risk Management Unit, Ayala, and Board Member, PARIMA, captivated attendees with their insightful discussion on ESG within the Risk Management Framework, emphasizing the vital link between sustainability and risk. 🌱 Finally, Steve Tunstall, Director & General Secretary, PARIMA, and Franck Baron explored the role of captives in retentions, premium allocation, and reinsuring programs. 🔒 #GlobalProgrammesAsia2024 #PARIMA #RiskLeadership #RiskManagement #RiskInnovation #Collaboration #ProfessionalDevelopment #FutureofRisk #Celebration