Over 160 senior risk managers from around the world recently attended the Institute of Risk Management’s (IRM) ‘Risk Leaders: No More Business as Usual’ Conference in central London. Recognised as the leading enterprise risk management conference on the global stage, this year’s event attracted delegates from the British Army, Sellafield, the ‘Big Four’ consultancies, Government agencies, High Street banks, building societies and the construction, transport and infrastructure industries who heard thought-provoking opinions from world-renowned speakers and leading experts in their field.
Professor Mervyn King, chairman of the King Committee on Corporate Governance in South Africa and chairman of the International Integrated Reporting Council, delivered a session on how to be a good corporate citizen and also shared his wisdom on Board reporting as it relates to risk management.
Professor Howard Kunreuther (James G Dinan Professor of Decision Sciences and Public Policy at the University of Pennsylvania’s Wharton Business School and also co-director of the Wharton Risk Management and Decision Process Centre) delivered a Keynote address focused on his research and new book entitled ‘The Ostrich Paradox: Why We Underprepare for Disasters’.
Kunreuther’s presentation ensured that delegates heard about foreseeing and mitigating natural catastrophes and why we consistently fail to heed the warnings to protect ourselves and our communities. Some of the psychological reasons for this were also aired.
A video of Professor Kunreuther’s fascinating delivery can be viewed here: https://www.youtube.com/watch?v=IXJXzpvmfVU&feature=youtu.be
Framework for risk management
Delegates also heard from Ian Barlow (senior independent director at Smith and Nephew plc) and Trevor Lanwarne MIRM (former Government actuary) who both presented on the Government’s new framework for risk management that’s currently being rolled out across the Civil Service and associated bodies.
Other speakers included Mike Gill (former deputy CEO at Mid Staffordshire Hospital), Sarah O’Donovan (chief credit risk officer with Barclaycard UK), Robert Smith (director of business compliance and ethics at Serco) and Caroline Wehrle CMIRM (global risk and compliance director at Diageo).
Clive Thompson (IRM non-executive director and project manager at Willis Towers Watson) and Karlene Agard (inquiry manager for the International Trade Select Committee at the House of Commons) also presented the IRM Risk Agenda 2025’s research results. These are available to view here: www.theirm.org/riskagenda2025
Ian Livsey, CEO of the IRM, commented: “The IRM’s Risk Leaders Conference is the world’s most significant ERM forum. With global reach and relevance, this is the leading event of its type for risk managers to attend. It brings together world-renowned speakers, includes seminar and syndicate sessions on critical topics of the day and offers the chance to network with peers in both a stimulating and professional environment.”
Keith Ricketts (vice-president of marketing at Sword Active Risk, the technology sponsor of the Risk Agenda 2025 project) added: “IRM’s Risk Leaders is a leading risk management conference and an anchor event in the annual calendar. Senior risk representatives from all over the globe were present with an unrivalled opportunity to hear from a great line-up of world-leading speakers and network with other delegates and sponsors. We’re delighted to be involved with this event and, indeed, the Risk Agenda 2025 project. We very much look forward to future events and opportunities.”
*Selected videos and presentations from the event can be found on the IRM’s YouTube channel
**The IRM would like to thank all of the sponsors of Risk Leaders 2017, namely 4C Strategies, Arctick, Kogan Page, Magique Galileo and Sword Active Risk