As the world’s economies continue to grapple with the economic aftereffects of COVID-19, organisations too face unprecedented tumult and uncertainty. This accelerates challenges in risk management which threaten business continuity and enterprise sustainability.
In a time when most organisations are beginning to rebuild and recover, they are also at a higher risk of disruption which includes the growing risk of cyberattacks. This necessitates that they reappraise how they address their risks and customise their risk management strategy in order to mitigate these complexities and sustain their operations.
In response, organisations must equip themselves with a 360-degree approach in risk management while reassessing and reforming their governance system and structures to strengthen risk controls, ethical business practices and organisational sustainability.
The upcoming virtual MIA Risk Management Conference 2021 will provide a platform for discussion on the latest developments and best practices in risk management, and what will be needed to forge an agile and resilient enterprise in navigating this new normal.
Conference delegates can look forward to:
- Identifying and structuring a formula for enterprise resilience.
- Mapping out strategies essential to business operations and continuity.
- Understanding the various categories of risks that threaten organisations in the challenging business environment of the new normal.
- Learning about best practices and solutions for enhancing risk management and organisational sustainability in an uncertain and highly disruptive digital environment.
- Developing an effective risk strategy for the climate crisis which poses an existential threat to people and businesses.
The Risk Management Conference 2021 will focus on the following areas.
Enterprise resilience and agility while navigating key emerging risks and areas of threat – Understand the risks, formulas and tools available to enhance business continuity and enterprise sustainability such as:
- Why risk managers should reassess their business models for enterprise resilience that also integrates digital transformation.
- The role of top management in advocating for ethical behaviour and zero tolerance of misconduct, and what tools should be enhanced to support compliance and good governance.
- How businesses can mitigate risks in different recovery scenarios and manage financial impacts.
- Best practices and solutions for enhancing risk management in an increasingly digitalised environment.
- Devising solutions for supply chain challenges.
- The risks of rightsizing, including the need to manage the impact on brand and reputation as well as to optimise productivity and business continuity with limited resources.
- How businesses can transfer their risk exposure to insurance companies, along with tips on reducing insurance cost and innovative solutions to address uninsurable risks.
- Enhancing risk management with data analytics and predictive analysis to better understand potential risks and returns and enable more agile and robust decision-making.