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Risk management
Risk fields of ILMs
• Organizatorial risk – compliance with national
and local laws
• Financial risk – cash flow and overall
sustainability for event
• Travel risk – for delegates to the conference
and between venues
• Medical risk – in the country/territory of the
ILM
• Organizational risk – for aiesec as a whole
being effected by happenings of the ILM
What is done currently
• Bidding entities providing information
about environment and situation in the
entities country/territory
• AI consultancy and investigation on
potential/Obvious risks
• Investment into concrete risk mitigation in
IC Egypt
What the plenary would like to
see
• Comprehensive risk assesment by time of
ILM allocation
• Possible back up plans from the beginning
to react on risks/crisis
• Constant support and advise on risk
situations
• Avoid all possible risk in general
What ressources do we have
• Providers to help understand the risk –
control risk
• Partners to help mitigate risk and support
in risk situation – International SOS or DP
DHL, etc.
What do we think is necessary?
Understanding of
• Political situation
• Health risk
• Transportation risk
• Legal risk for the entity and parties
involved
• Financial and cash handling risk (for
transfers cash payments etc

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Global ILM model meeting risk management

  • 2. Risk fields of ILMs • Organizatorial risk – compliance with national and local laws • Financial risk – cash flow and overall sustainability for event • Travel risk – for delegates to the conference and between venues • Medical risk – in the country/territory of the ILM • Organizational risk – for aiesec as a whole being effected by happenings of the ILM
  • 3. What is done currently • Bidding entities providing information about environment and situation in the entities country/territory • AI consultancy and investigation on potential/Obvious risks • Investment into concrete risk mitigation in IC Egypt
  • 4. What the plenary would like to see • Comprehensive risk assesment by time of ILM allocation • Possible back up plans from the beginning to react on risks/crisis • Constant support and advise on risk situations • Avoid all possible risk in general
  • 5. What ressources do we have • Providers to help understand the risk – control risk • Partners to help mitigate risk and support in risk situation – International SOS or DP DHL, etc.
  • 6. What do we think is necessary? Understanding of • Political situation • Health risk • Transportation risk • Legal risk for the entity and parties involved • Financial and cash handling risk (for transfers cash payments etc