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
Prof Mutua should face MPs for grilling on victims payouts
Government should address issues raised by young people without resorting to intimidation
Subaru driver in a dramatic high-speed chase after alleged hit-and-run in Nairobi
Bottled water exempted from excise duty
Kenya out to increase its participation at LA28
Initiative to upskill youth in construction sector launched
Cyril Maloba: The math teacher who refused to stop
Knec call for KCSE candidates as curtain falls on 8-4-4 education system
'A criminal act of the State,' Orengo says of Lichuma torture claims
From Kenya to Zambia: Kenyan firm wins role in school meals overhaul
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.
Agoa extension gives industry breathing room, results in highest-ever export earnings
The extension of the Growth and Opportunity Act (Agoa) until the end of 2028, has promoted certainity to exporters in textile industries and also created jobs in Kenya.County workers' pension at risk in Sh2 billion Lapfund real estate mess
The Auditor General has flagged irregular contract changes and project delays that risk the loss of Sh2 billion at the Local Authorities Provident Fund (Lapfund).Beverage price wars loom as Indian billionaire acquires Kenyan firm for Sh4.8b
Kenya's soft drinks market is on brink after Indian billionaire Ravi Jaipuria snapped up a Kenyan dairy and juice plant for $32 million (Sh4.8 billion).SRC gazettes regulations to strengthen remuneration governance in public service
The Salaries and Remuneration Commission has introduced new regulations to improve transparency, link pay to performance and help control Kenya’s rising public wage bill.Amaco loses grip on matatu insurance market as Directline bounces back
Matatu owners are increasingly ditching African Merchant Assurance (Amaco), eroding the insurer's once dominant position in insuring Kenya's public service vehicles.MOST READ
Agoa extension gives industry breathing room, results in highest-ever export earnings
FINANCIAL STANDARD