gLObaL RIsk aWaRds 2016 FOCUs rISK LeADerS 2015 How can risk professionals mitigate unforeseen shocks to the system that, in hindsight, may appear obvious? Paul Harwood has a few suggestions Main picture: Delegates in discussion at last years Risk Leaders conference. Inset: Panoramas Kevin Fong explains the space shuttle Columbia disaster road to resilience Felix Baumgartner at World risk 2015 The post-financial crash world has revealed the vital role of resilience in business growth. As high street names disappear, reputational damage hits the bottom line and regulators toughen up, the role of risk management in building commercial resilience has become crucial. How effectively risk is managed and exploited has a major impact on stakeholders, from government to investors. Yet, too often, risk management is practised in silos, with stakeholder groups unaware of each others methods, motivation and priorities. This years Risk Leaders conference aims to change that. Taking the theme Destination Resilience, it will bring together senior representatives of these groups to give their perspectives on topics such as: Why boards dont get risk The failure of boards to understand organisational risks has been an all-tofrequent factor in recent scandals. Louis Cooper, CEO of the Non-Executive Directors Association (NEDA), explains the issues. Turning the tide for investors Pat Cleverly, director of research, strategy and policy at Tomorrows Company, looks at how capital markets must change to promote the long-term sustainability ofcompanies. The risk talent crunch As the risk management talent crunch starts to bite, Jonathan Bloomer, Capital Ones chief risk officer (CRO), shows what it takes to build a resilient and awardwinning team from scratch. Avoiding a slow death as a crO: Positively influencing boards and key stakeholders CROs need to possess and apply strategic influencing skills if they are to survive. Richard Gossage, director, Copper Bottom Mentoring, has been a CEO, COO and a CRO, as well as an NED. He is now a mentor and coach who works extensively with CROs and chairs of board committees and will share insights and practical techniques that could help you and your board. Building a positive risk culture If culture eats strategy for breakfast, how do businesses ensure they have the right risk culture in place to support delivery? Richard Thomas, head of risk solutions at QBE, unveils the findings from its two-year research programme, identifying the barriers to and the critical components of strategic success. Xxxxx xxx reputation and the bottom line Evidence of the link between reputation and business performance is growing. Alberto Lopez, CEO of Alva, discusses the latest developments in corporate reputation, pinpointing the importance of the risk function in managing reputational risk. cyber risk the big elephant in the room Cyber risk is not what people think: it is persuasive, institutionalised and industrial-scale. Peter Armstrong, executive director of Cyber at Willis Group, analyses thesophistication of the cyber threat, examines additional exposures and looks at practical ways to manage the risks. The conference will also feature a choice of roundtables, covering the most topical risk issues. By offering perspectives from all sides of the risk-management debate, Risk Leaders 2015 promises to be the most illuminating yet. To book your place visit: www.theirm.org/events/risk-leaders-conference/ Paul Harwood is Guestsan actuary and enjoy their independent dinner in the glittering hall. Inset: Actress, TV presenter and Risk Awards 2015 host Joanna Lumley dons a mask celebrating risk pioneers After the impressive number and high quality of entries this year, 2016s Global Risk Awards will offer accolades in three overall categories: People and Partnerships; Innovation and Excellence; and Risk Solutions. The Global Risk Awards are free to enter and, with a closing date of 16 October, there is still plenty of time to tell us why you should win. The whole entry process is very simple. Think carefully about your client examples and your overall message. share your draft with your business to get feedback on things you might have forgotten. and do think about entering a number of categories if they are relevant to your business. Mark Gossington, PwC, winner of Managing Risk Across Boundaries Award 2015 People and Partnerships Awards in the People and Partnerships category recognise the exceptional individuals who are the risk leaders of today and tomorrow. Whether you want to reward your teams achievements or feel now is the time to gain individual recognition, this is the one for you. The categories are: Newcomer of the Year; Risk Management Team of the Year; Building Risk Management Capability; Partnership of the Year; Risk Management Team of the Year; and Risk Management Professional of the Year. Innovation and excellence Guests get into the spirit of the masked ball The risk environment is evolving fast, presenting organisations with new challenges, threats and opportunities. This category recognises individuals and organisations that excel at meeting these challenges. The awards are: Delivering Value Through Risk Management; Innovation Through Technology; Excellence in the Face of Adversity; Risk Management Consultancy of the Year; and Service Provider of the Year. risk Solutions Some risks pose threats so severe that they threaten operational success. The awards in the Risk Solutions category celebrate organisations that have developed solutions to overcome particularly challenging risks. The categories are: Cyber Risk Strategy of the Year; Managing Risk Across Boundaries; and Risk Management Solution of the Year. For more details and information on how to enter visit www.theirm.org/ events/global-risk-awards-2016/award-categories/ tinseltown / shutterstocK Felix Baumgartner at World Risk 2015 After the success of last years inaugural IRM conference in Dubai, we are again joining up with the Dubai Electricity and Water Authority to hold the second World Risk congress at Dubais Madinat Jumeirah Hotel, on 8 October. keynote speakers include felix Baumgartner (left), who made history in 2012 when he jumped from a space capsule 39km above the Earth, to become the first skydiver to go faster than the speed of sound, and smash the record for the highest free fall. The conference also offers workshops to discuss risk models, how to measure risk and embedding a resilient risk culture in your organisation. World Risk 2015 is free for IRM members. non-members can attend by becoming affiliate members for just 103. find out more and secure your place at www.theirm.org/events/ developments-in-enterprise-risk-management/