IRM Risk Leaders Conference


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Practical Strategies for Risk at board Level

This high level conference is specifically designed to meet the needs of today’s C – suite, heads of risk and others responsible for risk at board level. The fast paced programme, coupled with expert speakers and workshop leaders, will cover top level risk issues to include:

•implications of new corporate governance codes
•embedding effective enterprise risk management frameworks
•non-executive responsibilities for risk management
•board effectiveness
•emerging global risks
•risk appetite and risk tolerance
•negotiation and influencing at the top table

Published in: Economy & Finance, Business
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IRM Risk Leaders Conference

  1. 1. The Institute of Risk Management – EventsRisk Leaders’ Conference 2011Paddington Hilton Hotel, LondonWednesday 16 NovemberPractical strategies for risk at board level Anthony Hilton Conference Facilitator Financial Editor, London Evening Standard Alan Cleary United Nations Negotiator Chris Hodge Head of Corporate Governance, Financial Reporting Council Jonathan Hunt Chartered Accountant and Head of Technical Projects, Institute of Chartered Accountants of England and Wales (ICAEW) Paul Mason Award-winning Newsnight Journalist The need for boards to properly manage their risks has never been greater. This conference brings together chief risk officers, heads of risk John Pickup and non-executive directors with thought leaders Chairman, Avington Systemsand advisors to address some of the most topical challenges in the boardroom and at risk committees. Jonathan Reuvid Associate Publisher, Kogan Page Peter Robertshaw Active Risk SVP of Global Marketing, Active Risk Platinum Sponsor (formerly Strategic Thought Group) RSM TenonSponsor Bridget Rosewell Economist and Network Rail Non-Executive Director QBESponsor Justin Skinner Head of Enterprise Risk Management, DNV QBE European OperationsSpeakers round table Jed Turnbull Associate Director, RSM TenonTo book your place
  2. 2. “Last year’s Risk Leaders’ Conference gave senior risk Why attend? managers a great opportunity to network and share ideas and thoughts on the future of risk management. • xpand your knowledge on latest E Sharing best practice across business sectors gives risk management trends people new ideas to bring to their own industries. I can highly recommend attendance at the 2011 • ebate with other experts D conference and I’m very much looking forward • etwork with others in your field N to it myself.” • ind out what your peers are doing F • iscover areas for improvement D Elaine Heyworth Head of Risk Management, Everything EverywhereFrom BP and Lehman Brothers What’s shaping your Delegatesto News Corporation and the risk profile at the moment?Metropolitan Police - corporate This conference is designed for: governance continues to hit the • Political change around the worldheadlines. With the complexity • Economic uncertainty • Chief risk officers • Corporate governance challenges • Chief financial officersof modern business, an uncertain • Getting to grips with risk appetite • Heads of auditoperating environment and • Non-executive directors • Emerging marketsthe relentless scrutiny of media • Actuaries • Or, just getting other people to and stakeholders, as well as the do things • overnance, risk and Gformal responsibilities imposed compliance expertsby corporate governance codes, This practical day will address these • nd, others responsible for risk Athe need for boards to properly challenges through our expert at board levelunderstand and manage their speakers and interactive sessions. risks has never been greater. The conference will once again Previous attendees be facilitated by Evening Standard Financial Editor Anthony Hilton Active Risk, Amlin, Aon, Centrica, who said of last year’s event: Cornwall Council, Crowe Clarke Whitehill LLP, Deloitte LLP, Department “There can be no better way to for Work and Pensions, DNV, Ernst understand the range and depth & Young, Essex Police, FM Global, of what is happening in risk Gallagher Bassett, Hardy Underwriting management – the excitement, Group, Hays, HM Treasury, IBM, the ideas, the innovation and the Identity and Passport Service, ITV, challenges. This is easily the most Jardine Lloyd Thompson, Lane Clark useful conference of its kind.” & Peacock LLP, Lloyd’s Register, MTR Corporation, Nestlé, Northern Rail, Royal Bank of Scotland, Skanska, Rio Conference facilitator & speaker Tinto, Institute of Physics, University of Worcester, Willis, Zurich Anthony Hilton Financial Editor, London Evening Standard How to speak truth unto power: lessons for risk management and governance from the misfortunes of News Corporation and other crisis-hit organisations What can risk managers learn from events that led to the closure of British tabloid News of the World in the wake of the phone hacking scandal? Award-winning journalist Anthony Hilton discusses the ethical, risk management and corporate governance lessons from the fallout at Rupert Murdoch’s News Corporation and other crisis-hit organisations, while arguing that today’s numbers-based risk control systems are inadequate and mechanical. Back this year by popular demand, Anthony has been involved in running and launching several publications, written books on finance and appeared on television and radio. Anthony will also chair our lively question time debate.
  3. 3. Speakers Chris Hodge John Pickup Head of Corporate Governance, Chairman, Avington Systems Financial Reporting Council Jonathan Reuvid Jonathan Hunt Associate Publisher, Kogan Page Chartered Accountant and Head of Doing business in China – an Technical Projects, ICAEW imperative for growing companies Turnbull: past, present and future Any companies considering doing The Turnbull guidance is an essential business with China, currently the document for UK listed companies world’s second biggest economy, looking to ensure good internal need to consider the business controls and is widely influential in corporate environment, operational risk and the criteria behind governance internationally. Offering insight into the foreign investment. So says John Pickup, who has been development of the guidance are Chris Hodge of the working with the Chinese since 1992, and Jonathan Financial Reporting Council (FRC) and ICAEW project Reuvid, who has over 25 years’ experience of joint head Jonathan Hunt. venture and development start-ups in China. Having helped develop and review the guidance, The two session leaders, who between them have Chris and Jonathan will assess its past, present and published many books and articles on China, will future, including its anticipated review in 2012 by tackle issues around Chinese business and outsourcing the Financial Reporting Council, and will debate when the world economy remains fragile. whether the guidance adequately reflects a board’s responsibilities for internal control. Paul Mason Peter Robertshaw SVP of Global Award-winning Newsnight Journalist Marketing, Active Risk (formerly Twenty reasons why it’s all kicking Strategic Thought Group) off everywhere What makes a great risk manager? After the Arab Spring democratic And how can they communicate uprisings and protests, and recent riots across the UK effectively with the board? and other parts of the world, Newsnight’s economics What makes a great risk manager and how can editor Paul Mason examines the social dynamics, the organisations attract and retain these people? role of technology and the implications for businesses Peter Robertshaw of Active Risk discusses the findings and other organisations. of a global survey designed to pinpoint the traits of the ultimate risk professional, while also examining A leading broadcast journalist with the awards to the best ways for boards and risk managers to match, Paul says his agenda is ‘profit, people and communicate and protect their corporate reputations. planet’ and has authored books on the globalisation of the working class and the international economic With experience across IT, consultancy, product crisis. A former professional musicologist, Paul has management and marketing, Peter has worked previously speculated on appointing Lady Gaga as around the globe for ERP providers SAP and IFS, head of the International Monetary Fund. in management information for Unilever and is also a board member of BASDA, the UK business software trade body. Bridget Rosewell Economist and Jed Turnbull Network Rail Non-Executive Director Associate Director, RSM Tenon How do you assess external Assurance Mapping circumstances in an uncertain world? Building on ideas developed by Perspectives of a non-executive director heads of risk and assurance in FTSE Previously an economics adviser to former British 250 companies, this session looks at the difficulties Chancellor of the Exchequer Kenneth Clarke and faced in mapping assurance – benchmarking and current chief economics adviser to the Greater London reviewing governance structures – and how these Authority, Bridget Rosewell is one of the UK’s most maps can be turned into action plans. influential economists. With a 20-year track record Jed Turnbull has worked in a variety of risk roles in advising public and private sector clients, Bridget’s and argues that assurance mapping can help boards expertise includes economic development, transport understand their risks in relation to risk appetite and economics and policy analysis. strategy. Find out what role risk managers can play in the process.
  4. 4. “This is easily the most useful conference of its kind.” Anthony Hilton Financial Editor, London Evening Standard Alan Cleary Question time panel United Nations Negotiator IRM has recently produced a thought leadership paper Getting away with getting your to provide guidance to directors, risk professionals own way – negotiation: some tricks and others in relation to the part of the UK Corporate of the trade Governance Code that states that “the board is responsiblePacked with tricks of the trade designed to give you for determining the nature and extent of the significantthe advantage over your opponent, one-time IRM risks it is willing to take in achieving its strategic objectives”. chairman Alan Cleary brings tips for anyone looking Exactly how boards should go about this is still to become an accomplished negotiator. The former an evolving area with many contrasting views. member of the UN’s compensation commission discusses negotiation skills from the initial phase Our lively debate on how organisations should address this to the deadline stage. challenge will be chaired by Anthony Hilton and will give our delegates the opportunity to question our expert panel With a varied background encompassing military on the following: service, insurance and taking responsibility for settling 2.6 million property and business interruption claims • W hat is risk appetite? after the Iraqi invasion and occupation of Kuwait, • H ow can it be measured in a meaningful way? Alan now owns a number of international businesses • W hat about public sector bodies and not-for-profits? and frequently writes and speaks about insurance • H ow are organisations applying the concepts and negotiation. in practice? • ow do control and audit fit into the picture? H Question our expert panelists on the challenges of how boards should determine the nature and extent of Justin Skinner the significant risks it is willing to take in achieving Head of Enterprise Risk Management, its strategic objectives. QBE European Operations Getting value from risk management Panelists – what can other businesses learn from the insurance sector’s experience of Solvency II? Richard Chris Hodge Anderson MIRM, Head For the past three years insurance companies across MIRM, of Corporate Europe have taken part in a massive exercise Managing Governance, that has brought risk management right to the Director, Crowe Horwath Financial Reporting Council heart of their businesses. Recognising the importance of effective risk management in keeping businesses Global Risk Consulting, IRM stable and solvent, European regulators have required Deputy Chairman and main Hans Læssøe author of IRM’s recent risk SIRM, Senior insurance companies to demonstrate that risk appetite guidance Director of management is truly embedded in the management Strategic Risk of the business, clearly supporting decision-making Jackie Cain Management, Lego Group and business processes. Policy Director, Justin Skinner, Head of Enterprise Risk Management Chartered Steven for QBE European Operations, will explain the Institute of Shackleford journey undertaken by QBE in not only meeting Internal Auditors MIRM, Senior the requirements of the legislation but at the same (IIA) Academic in time getting maximum value from the process. Audit and Risk The session will focus on the importance of developing Management, Birmingham Simon Evans, good quality risk management information and City University Associate then using this to understand risk appetite, make Director of Risk better quality decisions, optimise performance John Summers, Advisory Services, and anticipate events and opportunities. MIRM, Chief RSM Tenon Advisor for Risk, Rio Tinto
  5. 5. Programme 09:15 – 09:45 Registration 09:45 – 09:50 Opening remarks: Alex Hindson FIRM, IRM Chairman 09:50 – 10:10 Anthony Hilton Financial Editor, London Evening Standard How to speak truth unto power: lessons for risk management and governance from the misfortunes of News Corporation and other crisis-hit organisations 10:10 – 11:10 Paul Mason Newsnight Journalist 11:10 – 11:40 Refreshments 11:40 – 12:40 Session A1 Session B1 Session C1 Getting away with getting What makes a great risk Turnbull: past, present and your own way – negotiation: manager? And how can they future some tricks of the trade communicate effectively with Chris Hodge Head of Corporate Alan Cleary United Nations the board? Governance, Financial Reporting Negotiator Peter Robertshaw SVP of Council and Jonathan Hunt Global Marketing, Active Risk Head, Technical Projects, ICAEW (formerly Strategic Thought Group) 12:40 – 13:40 Lunch 13:40 – 14:40 Question time panel – risk appetite and risk tolerance Question our expert panelists on the challenges of how boards should determine the nature and extent of the significant risks it is willing to take in achieving its strategic objectives 14:45 – 15:45 Session A2 Session B2 Session C2 Doing business in China – Assurance Mapping Getting value from risk an imperative for growing Jed Turnbull Associate Director, management – what can other business RSM Tenon businesses learn from the Jonathan Reuvid Associate insurance sector’s experience Publisher, Kogan Page and of Solvency II? John Pickup Chairman, Avington Justin Skinner Head of Systems Enterprise Risk Management, QBE European Operations 15:45 – 16:15 Refreshments 16:15 – 17:15 Bridget Rosewell Economist and Network Rail Non-Executive Director 17:15 – 17:30 Closing remarks, Anthony HiltonTo book your place
  6. 6. About IRMThe Institute of Risk Management (IRM) is the world’s We operate internationally, with members and students leading enterprise-wide risk education Institute. in over 90 countries, drawn from a variety of risk-related We are independent, well-respected advocates disciplines and a wide range of industries. of the risk profession, owned by practising risk professionals. IRM passionately believes in the importance As a not-for-profit organisation, IRM reinvests of risk management and that investment in education any surplus from its activities in the development and continuing professional development leads to more of international qualifications, membership, short effective risk management. courses and events.We provide qualifications, short courses and events at a range of levels from introductory to expert. IRM supports risk professionals by providing the skills and tools needed to put theory into practice in order to deal with the demands of a constantly changing, sophisticated and challenging business environment. Risk management awards Conference venueWhy not continue networking into the evening and Hilton London Paddington Hotelattend what is sure to be another amazing awards 146 Praed Street, London, W2 1EE, UKdinner, recognising excellence and innovation in risk management. The dinner will once again be held at Getting to the hotel could not be easier. It is well the Lancaster London Hotel and will be hosted by Ruby served by all transport links. Wax. The hotel is only a five minute walk from the London Heathrow Airport is only 15 minutes away.conference. Paddington rail and tube station is only a short five minute walk away.19:00 Drinks reception19:45 Awards dinner22:30 Entertainment and cash bar02:00 Carriages Booking & FeesDress code: black tie To book, please visit our dedicated eventTo book your place or table at the dinner visit website Fees IRM members £495 + VAT Non members £595 + VAT Group rate* £445 + VAT * per person when three or more delegates book and pay ( from the same organisation)The Institute of Risk Management6 Lloyd’s AvenueLondon EC3N 3AXUKT +44(0)20 7709 9808E W www.irmriskleaders.orgRisk Management Professional: the official magazine of The Institute of Risk Management