Risk managers moot conference to discuss challenges for local firms
Business
By
Lee Mwiti Mukunga
| Dec 05, 2023
Local companies have been urged to build resilient systems to combat the risks that could potentially jeopardise their operations, reputation, and financial performance.
In a statement on Monday, the Institute of Risk Management (IRM) East Africa urged firms to establish resilient systems as economies are fast becoming globalised.
Risks can arise from various sources, including operational issues, fraud, cyber-attacks, regulatory non-compliance, governance failures or natural disasters.
In spreading this message, the risk managers will be convening in Nairobi this Friday to discuss the various challenges that face organisations, "In a world marked by unprecedented challenges and uncertainties, the need for resilience has never been more critical," the risk managers said.
The 'Navigating Uncertainty: Building Resilience in Current Times' conference is a timely and essential gathering that delves into the heart of resilience in today's rapidly changing landscape.
READ MORE
Right direction for the country, Mbadi defends Safaricom stake sale
Insurers caught flat-footed ahead of IRA's 24-hour cyber breach deadline
Ruto dreams of a 'new Singapore', but not when counties hold us back
Expanding access to justice through reforms
Parliament moves to end decades-long registration nightmare
Private universities under Sh 48.8 billion pending bills
Government websites hit in major cyberattack
Somali banks on Port of Mogadishu to push 24hr-economy plan
Inside Sharjah's 'Poetry Pharmacy', where healing comes in verses, not pills
The statement said the conference will bring together thought leaders, experts, and professionals from diverse fields to explore the multifaceted dimensions of resilience.
"Through keynotes, interactive workshops, and insightful panel discussions, attendees will gain a comprehensive understanding of the strategies, tools, and mindsets required to thrive amidst adversity."
The Institute of Risk Management is the leading global body for professional risk management.
It provides globally recognised qualifications and training, publishes research and guidance, and sets professional standards. "IRM members work in many roles in all industries and worldwide public, private, and not-for-profit sectors. We are independent and not-for-profit," the statement said.