KRI: Key Risk Indicator Masterlcass 2011

Why You should Attend

The economy, competition, litigation, data security, environmental accident, damage to reputation; the world is becoming a more risky place. The news is filled with examples everyday of unanticipated risks creating havoc and in some cases destroying businesses. Any action which assists company in anticipating a risk or reducing its impact can mean huge costs savings and the preservation of jobs. Improvements in technologies for monitoring risks and a growing understanding of the complexities of the interdependencies among risks are enhancing the ability for business to prepare and manage risk events.

Increasingly regulators, investors, suppliers and customers are scrutinizing risk management. An effective program of Key Risk Indicator development and monitoring serves to protect the business and reassure critical stakeholders. Recent industry surveys have found that Boards of Directors, especially those on the audit committee, are placing greater expectations on management to strengthen risk oversight in the majority of organizations. That in turn is perhaps encouraging CEOs to assign more responsibility within management to strengthen risk oversight. These same surveys highlight the struggle that organizations are experience as they seek to enhance their risk monitoring and management practices.

If you play a role in your company’s risk management process as a risk manager or operations head, you must have the ability to understand, interpret and develop key risk indicators for your business.