Business and risk go hand in hand. However, this does not mean that companies cannot do anything to minimise potential risks. In common usage, we associate the term "risk" as something negative that should be avoided at all costs. However, risks cannot be completely eliminated and the only solution to deal with them is to identify them, prioritise them and take preventive measures. The biggest mistake we can make is to ignore them.
In a company, large or small, there are a variety of risks that can occur in different processes and transactions. It is therefore crucial for companies to have an established and continuous process of risk assessment and mitigation. Companies need to identify and assess the frequency and impact of each risk they face. Based on the company's individual resources, the risks that are likely to have a greater impact on the company should be prioritised. To control these, it is advisable to implement risk mitigation measures and train employees involved in transactions or processes related to potential risks.
In the opening event of the interregional exchange series, we will focus on precisely this topic. Together with compliance experts from Africa and Asia, we will discuss how to conduct risk assessments as efficiently as possible, which processes to follow, how risk mitigation should be planned and what challenges and best practices countries from the two regions can already share.
The panel will be relevant for all actors of the private sector, public sector, civil society, academia and international institutions. The objective is to provide a platform for the exchange of knowledge, experiences and good practices. It will be of further interest to CEOs, Chief Compliance Officers and Executives responsible for broader business integrity issues.
The registration is free of charge.
Date from: 20.05.2021 14:30
Date to: 20.05.2021 16:00
CET: UTC/GMT +05:30 - Asia/Kolkata
Alliance for Integrity
Business Scouts for Development