Justice M. N. Venkatachaliah Former Chief Justice of India and Chairman, Institute Of Directors, India
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.
M. N. Venkatchaliah
IN PARTNERSHIP WITH
PRINCIPAL KNOWLEDGE PARTNER
IN ASSOCIATION WITH
-- GOLD PARTNERS --
DINESH RAO & ASSOCIATES [ADVOCATE]
--- SILVER PARTNERS ---
State Bank of India
United India Insurance Company Ltd
-- THEME PARTNER --
-- DIGITAL PARTNER --
Mytrah Energy (India) Pvt Ltd
-- 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
The Oriental Insurance Company Ltd
-- STRATEGIC PARTNER --
Mahanagar Gas Limited
-- SUPPORTED BY --
The Institute of Cost Accountants of India
The Institute of Company Secretaries of India
Institute Of Directors, M-56 A, Greater Kailash Part-II (Market), New Delhi –110048, India Tel No. +91-11- 41636294, 41636717, 41008704, Fax : +91-11-41008705