In today’s global, interconnected environment, a holistic risk management approach is needed for organisations to optimise the level of risk they are exposed to so as to derive sustainable future growth and profitability.
Singapore, [2 Jun 2014] –( ASIA TODAY )– In a challenging and changing risk environment, the bar on what constitutes effective risk management is constantly being raised. Faced with a myriad of risks including but not limited to fraud, compliance, data security and reputational risks, organisations need to act quickly to avoid leaving themselves exposed to costly and brand-damaging breaches that shake the confidence of consumers, shareholders and employees.
As in the words of Ms Penelope Lepeudry, Kroll’s Managing Director, Financial Investigations for Southeast Asia, “with strong business and growth opportunities in Asia, organizations continue to invest here by way of new set-ups or entering into local partnerships. It is well acknowledged that doing business in Asia carries unique risks with it. Throughout the region, organisations are increasingly seeking an integrated, methodical and rigorous solution to understand the risks they face and devise mechanisms to assess and mitigate them.”
“Outside finance-related industries, ERM in Asia is still in its infancy. We are lucky to have drivers for change coming from the Anglo-Saxon world where it has been part of business practices for a long time now,” adds Mr Lenny-Baptiste Conil, Veolia’s Risk & Business Continuity Manager.
For Singapore specifically, “with the revised Code of Corporate Governance launched by the Monetary Authority of Singapore in 2012, the importance of risk management is given even more emphasis in Singapore. Added to the impetus, companies in Singapore are facing a growing plethora of threats (such as the Haze and Cyber attacks) in recent times. These are creating pressures for local companies to adopt effective risk management practices,” says Mr Daniel Tan, MediaCorp’s Assistant Vice-President, ERM Office.
Organisations in Hong Kong too, are facing increasing pressure to keep up with their enterprise risk management. As in the words of Mr Francis Lee, The Link REIT’s Head of Risk Management, “the Stock Exchange is recently having a consultation on the review of the internal control sections of the Corporate Governance Code. In particular, one of the proposals is to incorporate risk management as an essential part of a company’s internal control system processes. Hence, to align the corporate governance codes and rules with those of the international peers, the Hong Kong Stock Exchanging proposes to place greater emphasis on effective risk management, rather than just internal control.”
To equip practitioners with thought-provoking insights and practical strategies to identify, prioritise, mitigate and optimise risks on an enterprise-wide level, Pacific Conferences has organised a 2-Day conference dubbed as Best Practices in Enterprise Risk Management, happening from 21 – 22 July 2014 in Singapore & 24 - 25 July 2014 in Hong Kong. Case-studies and insights on setting risk appetite, fostering risk-intelligent organisational culture, improving ERM through data analytics & more will be shared.
The roster of experts sharing their risk management experience include Steven Howard from Sony Mobile Communications, Lenny-Baptiste Conil from Veolia, Tan Shuh Lin from InterContinental Hotels Group, Sam Chow from PayPal, Cecilia Cheng from MTR Corporation, Francis Lee from The Link REIT, Daniel Tan from MediaCorp, Dorothy Chan from Hong Kong Jockey Club, Mohit Tandon from Eastspring Investments, Dennis Lee from Nomura International, Penelope Lepeudry from Kroll and many others.
As summed up beautifully by Mr Conil, “A lot of response to risks comes from best practices and experience sharing. It is always more efficient to think outside the box as a group.”
Conference Details:
Title: Best Practices in Enterprise Risk Management
Date & Venue:
21 – 22 July 2014, Sheraton Towers, Singapore
24 – 25 July 2014, Regal Hongkong Hotel, Hong Kong
Organiser: Pacific Conferences
Contact Person: Daphne Poon (Ms)
Tel: (65) 6592 7366
Email: daphne@conferences.com.sg
Full programme can also be found at: http://www.conferences.com.sg/conf-erm.htm
Registered and existing subscribers of Asia Today can quote “ATERM” for 10% off when they register.
About Pacific Conferences
Pacific Conferences (www.conferences.com.sg) specialises in organising business conferences aimed at providing interactive, insightful information and analysis about issues facing businesses in Asia-Pacific. Catered to middle and upper level executives, its events are case studies driven with emphasis on providing in-depth and unbiased practical knowledge.
Media Contact
Charmaine Neo
Conference Marketing Executive
Pacific Conferences Pte Ltd
T: +65 6592 7352
F: +65 6338 6702
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