managing risk beyond compliance€¦ · cae masterclà'.š{) budget deficit 2016/-3.270...
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© 2018 SKX. All Rights Reserved.
Managing Risk Beyond Compliance
By Jabulile Nkosi
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Context
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Premise
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Premise
Revenue/ Investment
Citizens/Shareholder Returns
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Risk Management
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Strategy and Risk
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Risk Management
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Risk Management
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Risk Perception Continuum
What Should Be – perception of risk derived from an external environment such as external standards
What is – comprises of the uncertainty of the organization’s operating environment such as capabilities and capacity
What could Be – is the source of the strategy of the organization and the perception of what risks need to be taken for the strategy to be achieved
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Risk
Opportunity
Early Movers Miss Exploit
Risk Management
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Value
Risk Opportunity
EnhancementErosio
n
What lies Beyond Compliance?
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Risk Management
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• CROs to be central to planning and monitoring • CROs to proactively responding to emerging risks • Continuous engagement and education of Accounting Authorities and
Accounting Officers • Risk management to be capacitated to empower line manager to EM
EDD risk management • Government wide engagement required on the management of
material risks on service delivery value chain • Introduction and enhancement of existing risk management tools
Next Steps
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Building Sustainable relationships
Thank You