BarnOwl and Deloitte were very happy to team up and host a thought leadership breakfast on “Practical Challenges of Embedding Risk Management” held at the Deloitte in Woodmead, Sandton on the 20th May 2015.
Jonathan Crisp, Director of BarnOwl introduced Mark Victor – Director: Risk Advisory from Deloitte and Totyelwa Nonco – Risk Management Support, Office of the Accountant General, National Treasury.
The trending hashtag #thoughtleadership was used for Social Media and live tweeting about the key insights and pictures of the guests were taken. The thought leadership discussion was centred around the topic of ‘Embedding Risk Management in one’s organisation’:
- Mark Victor discussed the challenges around Risk Management which included Integrated Thinking and the role of the risk operating model. Changing mind-sets and perspectives came through strongly as a key challenge when embedding Risk management in organisations. Mark also discussed the importance of the ongoing management and monitoring of risk as opposed to just performing risk identification and reporting on risk as a compliance ‘tick box’ exercise. Mark mentioned that utilising specialised risk management software is critical in terms of being able to embed risk management effectively and the ongoing management and monitoring of risk.
- Totyelwa Nonco discussed the importance Risk Management in the public sector and key initiatives of risk management in the public sector going forward. This included strengthening the Treasury Regulations to bring risk management more into the mainstream of public financial management as well as disclosures in the annual report & validation of these annual disclosures.
Thank you to all our valued clients and prospects who attended. Everyone was treated to a lovely breakfast and networking followed. Unfortunately a few people were unable to make it due to traffic issues. We are sorry that you missed out but we are very excited to see you at BarnOwl’s next Thought Leadership Breakfast scheduled for the end of June 2015.
Both presentations were extremely thought provoking and Totyelwa also showed an insightful video on risk management compiled by the Office of The Accountant General. For downloads of the presentation please follow the link.