CII in association with their Knowledge Partner, KPMG released a publication against the backdrop of the National Risk Management Summit 2015 organized by CII on 10-11 February, 2015 at Mumbai.
Risk management, by its very definition, requires a deep rooted commitment to safeguarding stakeholder interests through protecting customer data, ensuring regulatory compliance, sustaining the environment, or even preserving shareholder value, amongst others.
With India getting globally integrated and business landscapes becoming more dynamic than ever before, it has become paramount for India Inc. to become robust and proactive in managing unforeseeable risk for its growth and sustainability.
The CII-KPMG report aims to discuss the need for defining, analysing, understanding and mitigating risks in the context of business operations, customer needs and societal responsibilities in an intricate economic environment. The document proposes that a formal and effective risk management framework can help firms endure such uncertainties.