Enterprise Risk Management Forum (Member only event)

3 November 2020

Accelerating the risk intelligent organisation

09.00 – 09.05

WELCOME NOTE

Julia Graham

Deputy CEO and Technical Director, Airmic

09.05 – 09.30

KEYNOTE

Covid-19: Business resilience – achieving escape velocity

Dr Grant Foster, Managing Director, Global Risk Consulting,
UK Commercial Risk Solutions, Aon

To set the scene for the day, this session will look at how companies can exploit upside opportunities to emerge from the COVID-19 crisis with sufficient ‘escape velocity’ to grow and thrive. The session will explore a series of thought provoking tactical and strategic activities that ERM practitioners can use to challenge thinking, improve risk decisions and increase resilience in the organisation.

09.30 – 10.00

PANEL

Corporate Purpose – Infusion of the Leader’s Spirit

There is a growing sense among business leaders that they should be able to articulate a shared understanding of why their organisation exists, and what the role of business within larger society should be. Corporate purpose is a way to express the organisation’s impact on stakeholders, given the rising importance of intangible assets and stakeholder support to businesses today. This panel will discuss the concept of corporate purpose, and the role of business leaders in developing business responsibility and reputation as organisations re-set after Covid-19 – Sponsors

10.00 – 10.30

KEYNOTE

3-point Winter Action Plan for Flood/Climate Resilience

Dr Beverley Adams
Consulting Director, Strategic Risk Group, Marsh Advisory

As winter storms threaten, this session discusses the three actions that every risk manager and board should be taking now, to be ready should the worst come to pass:

(1) Flood Emergency Response Plan – exercising your FERP and aligning it with the new Flood Resilience Code of Practice guidelines

(2) Renewals – with insurers heavily penalising immature flood risk management, working with your broker to be on the front foot

(3) Climate roadmap – establishing your strategic plan for meeting new reporting requirements including TCFD and ESG.

10.30 – 11.00

KEYNOTE

Organisational Resilience

James Crask
Head of resilience consulting, Marsh

The resilience of our organisations depends upon much more than a having a good Business Continuity Plan. It involves the collective effort of a wide range of risk management disciplines, all working together to reduce disruption risks and to help an organisation adapt in the face of change.  James’ session will cover:

What operational resilience means, and what the role of the risk manager should be in helping to achieve it.

What resilience means to an Executive or Board.

How organisations are implementing operational resilience and what ‘enough resilience’ looks like.

11.00 – 11.15

BREAK

11.15am – 11.45am

KEYNOTE

Personal Resilience

Peter Cheese, CEO, CIPD, The professional body for HR and people development.

Peter will talk about the risks associated with people, organisation and culture, and how these have also been impacted through the pandemic. He will cover both the tactical and the longer term challenges, and discuss approaches and mitigations.

11.45 – 12.45

The Great ERM Special Interest Group – for the members by the members

Guest speaker – Michele Wucker: American author, commentator and policy analyst specialising in the world economy and crisis anticipation. Author of The Gray Rhino: How to Recognise and Act on the Obvious Dangers We Ignore.

The great ERM SIG an opportunity for members to share open and frank discussion on the challenges they face within their organisation.

The SIG will be moderated by Airmic’s, Market development manager Alex Frost who will be joined by Michele Wucker, author of the ‘The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore’ for an insightful interview focussing on the Gray Rhino concept, what risks are on the horizon which risk managers need to be aware of and whether Covid-19 was really a black swan.

The meeting will also be an opportunity for members to discuss the risks on the top of their agenda for 2021 and how they can be equipped to deal with them.

12.45 – 13.00

BREAK

13.00 – 13.30

KEYNOTE

Risk Management in the Boardroom

Mary O’Connor
Chief Risk Officer, KPMG

Without risk there is – literally – no reward.  However, companies often fail to take the risks necessary to grow or they take enormous risks unnecessarily.  The job of risk at the boardroom level is to energise and elevate the conversation – to ensure that companies take the right risks, in the right way.  There are three key elements to achieving this outcome:

Focussing on the risks companies need and want to take – now and in the future;

Making good risk-based decisions;

Assessing and mitigating risks effectively; and

Driving a positive and forward-looking culture that embeds risk behaviours.

13.30 – 14.00

Keynote

• The CRO perspective: Reimagining risk

  Robb Eadie
  Chief Risk Officer, BHP

• Crisis events provide the opportunity, from a risk perspective, for organisations to take a fresh look at the things they believe they do well but which events tell them they don’t.They provide the opportunity and permission for risk professionals to reset and reposition ERM systems, policies, procedures and practices to reflect the new normal.Finally, they allow the organisation to reassess what matters most, and refocus on those things, in order to bolster the company’s resilience to future events.

14.00 – 14.10

Closing note, by John Ludlow, Airmic CEO