Corporate Governance Symposium-Series 2

The financial stress posed by Covid-19 pandemic and its rippling effects have prompted organisations torethink how they govern and manage risk and especially, w.r.t. the newer ones which have unprecedentlydisrupted the systems and internal control. The situation has also reinforced a need for a robust riskmanagement framework for identification of internal and external risks faced by the both listed and unlistedentities. The risks are including financial, operational, sectoral, sustainability (ESG related risks),information, cyber security or any other type of risk. In order to respond to the risk exposures in a timelymanner, the board’s function to oversee the risk management policy and framework require necessarychanges in working practices and organizational arrangements. The key is to take an agile approach tobusiness continuity and broader risk management. Hence, there is a need to review the current risk appetiteframework with the board and senior management in order to understand the impact on the company’scurrent risk profile. 

The strategic role of Risk Management Committee (RMC) is very much crucial to ensure that theorganization is taking the appropriate measures to achieve prudent balance between risk and reward inboth ongoing and new business activities. RMC assist the Board of Directors in fulfilling its oversightresponsibilities regarding the risk appetite of the entity, it’s risk management and compliance framework,as well as governance structure that supports the vision and long-term sustainability.

In view of emerging trends in the practices of risk management committee as well as challenges being facedby them in implementing and monitoring the risk management plan and strengthening the overall corporategovernance frameworks in the organizations, ASSOCHAM is organizing the Corporate GovernanceSymposium - Series 2 on “Effective Risk Management Committee”. The conference will be deliberated byeminent speakers and participants from the government, regulators, corporate governance practitioners,directors on board of corporates, chartered accountants, company secretaries, CFOs, legal heads,compliance heads, among others.