Risk management

Risk management facilitates management’s ability to effectively manage the organisation’s risk and to create sustainable value and communicate this value to its stakeholders through capital growth (ie. share value) and increased dividend stream (ie. income). No organisation operates in a risk-free environment, and enterprise risk management does not create such an environment. Rather, organisations operate in environments filled with uncertainty, requiring proactive action to manage risks to survive.

With the continuing trend of corporate disasters such as Enron, WorldCom, Lehmann Brothers, etc, organisation’s board members and executive management have realised the impact of ineffective risk management. Managing risks and opportunities is a key strategic activity for organisations to be successful. Why has risk management failed to protect these organisations from collapse? Enron and Lehmann Brothers received awards for its risk management, yet they failed.

So the question to ask is risk management art, science or witchcraft?

This ACCA presentation will try to answer this question.

GUEST SPEAKER
Ken Doughty, Senior Manager, ING Australia

Ken Doughty (CISA CBCP) is Senior Manager, ING Australia. He has over 25 years risk management experience gained in a number of specialist areas, namely IT audit, business continuity, information technology and project management in the public and private sectors. Ken lectures part-time at Macquarie University and has had a large number of papers published in leading journals both in Australia and the United States. He is an internationally recognised speaker at seminars and conferences and has received a number of awards including the 2002 ISACA’s International Best Speaker/ Conference Contributor Award, 2003 itSMF Australia President’s Medal for Best ITIL Project and 2006 ISACA’s Harold Weiss Award recognition contribution to IT Audit Education

PROGRAM

5.45pm   Registration

6.00pm   Welcome - Moderated by Chris Campbell, ACCA Panel Member

6.10pm   Risk management – art, science or witchcraft? - Ken Doughty (CISA CBCP) Senior Manager, ING Australia

6.50pm   Q&A - Moderated by Chris Campbell, ACCA Panel Member

7.00pm   Cocktail reception - Canapés and beverages will be served

8.00pm   Event close

Single ticket cost

ACCA member - student $30.00 + GST per event

Public rate $50.00 + GST per event

Pre-paid tickets cost

ACCA member - student $20.00 + GST per event

Public rate $40.00 + GST per event