Effective risk management key to corporate success

Firms win risk awards STRICT adherence to globally acceptable risk management strategies by organizations would facilitate a stress-free attainment of pre-set corporate objectives. Besides, pondering over the debilitating effects unprepared risks could exert on the survival of an organization, it behooves on managers to take risk management seriously. The Founder of the Nigerian Risk Awards and Chief Executive Officer of Conrad Clark Nigeria Limited, Joachim Adebayo Adenusi, made the remarks…

Sico announces key management appointments

Securities & Investment Company (Sico), licensed by the Central Bank of Bahrain (CBB) as a conventional wholesale bank, has announced two new senior management appointments. Anantha Narayanan, who joined Sico in 2008 as the head of internal audit, takes over as chief operating officer. With over 24 years’ international experience in audit and risk management in the banking industry, he previously worked for international and regional banks as well as…

Meta Byte teams up with MetricStream in key deal

Meta Byte Technologies, a leading next-generation technology consulting company, has signed a partnership deal with MetricStream, a leader in governance, risk, and compliance (GRC) and quality management solutions. The deal is aimed at equipping Middle East-based organisations across industries with the most sophisticated risk, compliance, and quality management solutions, said a statement. The companies in the Middle East are currently facing an increasing volume, velocity, and variety of risks, mounting…

Ecuador-Based Banco Pichincha Chooses MetricStream GRC Cloud for Business Continuity Management

The largest private bank in Ecuador, Banco Pichincha, has selected MetricStream to provide a multi-lingual cloud-based solution for Business Continuity Management (BCM). MetricStream’s solution will help minimize the impact of business disruptions as well as aid in crisis and incident management planning by streamlining and automating the BCM lifecycle. It will also provide an integrated framework to collaboratively manage all BCM processes, including Business Impact Analysis (BIA), Business Continuity Planning…

Only 24% of top companies have risk management committees: Grant Thornton

The report finds that 77% of banking and financial services sector companies having a risk-management committee Only 24 of the top 100 Indian companies by market capitalization have formed risk management committees on their boards, according to the Governance Observer report from consulting firm Grant Thornton. While enterprise risk management was not mandatory according to the Companies Act of 1956, in the 2013 law, the board and audit committees have…