» Risk Management
2016





Justice M. N. Venkatachaliah
Former Chief Justice of India and
Chairman, Institute Of Directors, India

Dear Friend,

I have great pleasure in inviting you to the 'Global Convention' on ' Corporate Ethics & Risk Management', being held on 17-18 February, 2017, in Mumbai, India, in collaboration with 'Bombay Stock Exchange', India. The theme of the convention is “Corporate Ethics and Risk Management in An Uncertain World”.

The oversight, understanding and mitigation of Risks in a volatile, uncertain, complex and ambiguous world have never been more important. No business transaction takes place without taking risk. Vulnerability is an indication of the susceptibility of the Organization, notwithstanding uncertainties in the environment.

Following the collapse of corporates like Enron, Lehman brothers and Satyam etc, the world continues to struggle with the consequences of the first systemic ethical crisis of the Twenty First Century. Yet, larger and potentially more harmful risks are lurking. These include climate change, fragility in global supply chains and cyber threat, which can encompass all crisis models at once, and impact across an organization in a way that most 'traditional' risks cannot. Also important is the collective impact of social media, and a 24/7 news cycle, which can turn a very small event into a rolling national and international story.

Sustainable growth can be derived only through good governance and adequate risk management. Risk management is no longer discretionary. Risks can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters, as well as deliberate attack from an adversary or events of uncertain or unpredictable root-cause.

Enterprise-wide Risk Management (ERM) approach has encouraged organizations to build a comprehensive risk strategy into their business operations. ERM is increasingly being seen as the preferred approach to risk management, as it is strategically focused and comprehensive. Implementing ERM is an ongoing journey of organizational development, through resilience and leadership for sustainability.

The reason for selecting Mumbai as the venue is the unprecedented business opportunities offered by this financial capital of India. This Global Convention will provide a platform to interact with movers and shakers, and top risk management professionals.

There are many ways you can contribute and benefit from the Convention - presenting your case studies for risk management or, show casing your products, profiling your brand as a sponsor, exhibitor advertiser or becoming a partner to promote the convention among your contacts. Together, we could help promote your business strategy to include 'Risk Management', as an Actionable Agenda'.

IOD looks forward to welcoming you, at this special Global Convention.

Yours sincerely,

M. N. Venkatchaliah
IN PARTNERSHIP WITH PRINCIPAL KNOWLEDGE PARTNER IN ASSOCIATION WITH
TIMES NOW RIMS BSE India
-- GOLD PARTNERS --
ONGC LIC India DINESH RAO & ASSOCIATES
[ADVOCATE]
--- SILVER PARTNERS ---
State Bank of India DP WORLD United India Insurance Company Ltd
-- THEME PARTNER -- -- DIGITAL PARTNER --
Mytrah Energy (India) Pvt Ltd Thomson Reuters Mahaonline
-- ASSOCIATE PARTNERS --
Maharashtra Airport Development Company Ltd Jawaharlal Nehru Port Trust Maharashtra State Road Development
Corporation Ltd
Mazagon Dock Shipbuilders Ltd Maharashtra Maritime Board Bank of Maharastra
SIDBI IDBI Capital The Oriental Insurance Company Ltd
-- STRATEGIC PARTNER --
Mahanagar Gas Limited MAHAGENCO Protiviti
-- SUPPORTED BY --
The Institute of Cost Accountants of India The Institute of Company Secretaries of India
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