(Thursday) Dec 24, 2022
India International Centre, Main Building , 40, Max Mueller Marg, Lodhi Estate, New Delhi - 110003
Risk Culture and Corporate Governance: Building a Resilient and Sustainable Future
Committee on National Competition Policy of India, former Chairman, Competition Commission of India, former Secretary to Government of India, & former Executive Director, World Bank
ACCA (Association of Chartered Certified Accountants, UK)
International Federation of Accountants (IFAC), and XBRL International, Inc. (XII); Past President, The Institute of Chartered Accountants of India (ICAI)
Economic Relations, Ministry of External Affairs, Govt. of India
Svatantra Microfin Pvt. Ltd.
Public Affairs (India), ACCA (Association of Chartered Certified Accountants), UK
The Institute of Directors is hosting a Special Evening Session on “Risk Culture and Corporate Governance: Building a Resilient and Sustainable Future”, (in association with ACCA) on Thursday, 24th November 2022 from 1830 hrs onwards, at New Delhi.
In VUCA times (Volatility, Uncertainty, Complexity and Ambiguity) boards are constantly faced with a plethora of anticipated and unanticipated variables which run the risk of undermining a business’s market process cycle. Boardroom and the leadership have to take into consideration the various challenges and take adequate decisions to navigate their organisation, ensuring that it is immune to uncertainties and complexities posed by the situation in hand. The risk range from external issues like regulatory and compliance changes or can be something which emanates from within the organisation, which may require prompt internal soul searching to alleviate the problem.
It is in this backdrop that this Special Session will delve into the ecosystem of risk management, providing some compelling perspective on effectively managing the course of a company in ambiguous times. It is well noted that when it comes to risk in business and corporate environment, there is no one template fits all approach as challenges are relative. However, what this session aims to is to come with certain normative understanding of the whole concept of Risk Culture and Corporate Governance, which when fused with practical issue in hand has the ability to provide rich dividends. In times of continuous churn and transition, it will not be wrong to state that risk is a necessary evil of sorts, which also presents an opportunity for organisations to excel and set new benchmarks. The session will be an ideal setting for corporates, directors, and boardroom executives to assimilate some of the finer nuances of risk management and also exchange their valuable ideas the same.