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CII National Risk Management Summit :De-Risking the Future of India Inc: 10-11 Febraury 2015 :Mumbai
 
 
Description

Balancing Risk and Opportunity through Smart Risk measures was the key focus at the CII's National Risk Summit 2015 on “De-risking the Future of India Inc.” at Mumbai.  The summit emphasised the need to safeguard stakeholder interests, in areas such as protecting customer data, sustaining the environment, ensuring regulatory compliance and preserving shareholder values amongst others. A strong message resonating with the threat of developing risks that may affect future sustainability has made it incumbent for organisations to pro-actively manage risk.

At the inaugural session of CII National Risk Summit Shri Harun Rashid Khan, Deputy Governor, Reserve Bank of India spoke of responsible management of risk taking, focused on the risks emanating from large scale foreign currency exposures of individual corporates and their impact not only on the balance sheets of these corporates but also importantly on the stability  of the overall economic and financial system. Shri Khan while referring to the excessive leverage of many corporate, highlighted the need for responsible use of credit. He also urged the corporates to be proactive about their cyber resilience in the context of growing risk arising out of cyber security.

Mr Deepak Parekh, Chairman, Housing Development Finance Corporation, in his address said "There are a number of risks that banks and financial institutions have to constantly manage like credit, interest, forex, maturity risks, but by far the most important risk is reputational risk. If you lose it, it's nearly impossible to get it back again. Senior management must instill and crusade a culture of integrity, honesty and transparency -which is a foundation for a robust risk management framework.” 

Summit Chairman, Mr Suresh Senapaty, Executive Director and Chief Financial Officer, Wipro Ltd in his opening comments spoke  about “Government initiatives like “Make in India”, “Skill India”, Digital India” and “Innovation India.” Opening of the economy with significant technology deployment comes with associated risks which any corporate should be mindful of and embed in their strategy. Risk has become a value creation function and is critical for CEO/CFOs to engage on”. 

Mr. Richard Rekhy, CEO, KPMG stated that risks can be only effectively dealt with if there is a common understanding of their importance and interconnected nature and readiness to engage in multi stakeholders dialogue and action. 

The theme "De-risking the Future of India Inc." drew attention and highlighted the fact that 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 key question to answer is – Is India Inc. adequately de-risked to manage the next crisis and can future enterprises which are quintessentially global and connected be adequately protected against globalization, technology threats, regulatory and compliance risks? Can enterprises use risk management as a strategic tool to ensure a future that is sustainable for inclusive growth? 

The CII – KPMG Report  Derisking the future of India Inc. unveiled at the summit 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 report focuses on the need for understanding, and mitigating risks in the context of strategy, business operations, customer needs, and societal responsibilities in a complex and dynamic economic environment,” said Mritunjay Kapur, Head, Risk Consulting, KPMG in India.

The biggest risk Indian Corporates face is lack of understanding risks by corporate boards stated Mr. Mohandas Pai at Day I of the Summit which had engaging sessions highlighting the importance of Risk Management. The sessions on  Using Risk Management as a Strategic tool in a Globalised Economic Environment ? Risk Analytics ? Cyber Security and Privacy Risks in a Digitally Enabled Enterprise ? Financial Risk Management and Multiple Tax Risks were addressed by a galaxy of risk experts drawn from India's leading businesses including Akhilesh Tuteja, Partner,  KPMG; Alexis Samuel , Vice President and Global Managing Partner, Wipro Consulting; Burgess Cooper, Chief Information Security Officer, Vodafone India Ltd; Gopal Balachandran, Chief Financial Officer, ICICI Lombard GIC Ltd; Ian Brayden, Chief Risk Officer – South Asia, Standard Chartered Bank; Lava Chaturvedi, Chief Risk Officer, Reliance Capital Ltd; Mritunjay Kapur, Partner- National Head Risk Consulting Group & Strategy, KPMG India; Nishith Desai, Founder & Managing Partner, Nishith Desai Associates; P K Ghose, Executive Director & CFO, Tata Chemicals Ltd; Richard Rekhy, CEO, KPMG India; Suresh Senapaty , Executive Director and Chief Finance Officer, Wipro Limited; Sanjay Kenia, Country Head & CEO, Marsh India; Siddhartha Roy, Chief Risk Officer, The Clearing Corporation of India Ltd; Sanjeev Prasad, Global CIO, Genpact; T.V. Mohandas Pai, Chairperson, Manipal Global Education Services and V V Rajasekhar, Chief Information Officer, ITC Limited.

Knowledge Resources
You will get access to following Knowledge Resources by subscribing to the Digital Library of this event.
 
CII Risk Summit calls for ‘Risks’ to move from being aboard room agenda to becoming a tool for strategic interventions for navigating through the dynamic global economic order
Derisking the future of India Inc.
Opening remarks by Mr Suresh Senapaty, Chairman, CII National Risk Summit & Executive Director and Chief Financial Officer, Wipro Limited
Keynote address by Shri Harun R Khan, Deputy Governor, Reserve Bank of India at the inaugural session of CII National Risk Summit
Inaugural address by Mr Deepak Parekh, Chairman, Housing Development Finance Corporation at the inaugural session of the CII National Risk Summit
Release of CII-KPMG Whitepaper "Derisking the Future of India Inc."
Mr Richard Rekhy, Chief Executive Officer, KPMG India addressing at the inaugural session of the CII National Risk Summit
Concluding Remarks by Mr Suresh Senapaty, Chairman, CII National Risk Summit & Executive Director and Chief Financial Officer, Wipro Limited at the inaugural session of CII National Risk Summit
Opening Remarks & Keynote Address by Session Chair Mr T V Mohandas Pai, Chairperson, Manipal Global Education Services at the session 'Using Risk Management as a Strategic tool in a Globalised Economic Environment'
Mr Suresh Senapaty, Executive Director and Chief Financial Officer, Wipro Limited addressing at the session 'Using Risk Management as a Strategic tool in a Globalised Economic Environment'
Mr Richard Rekhy, Chief Executive Officer, KPMG India addressing at the session 'Using Risk Management as a Strategic tool in a Globalised Economic Environment'
Mr Sanjay Kedia, Country Head & Chief Executive Officer, Marsh India Insurance Brokers Private Limited addressing at the session 'Using Risk Management as a Strategic tool in a Globalised Economic Environment'
Open house discussion on 'Using Risk Management as a Strategic tool in a Globalised Economic Environment'
Closing Remarks by Mr T V Mohandas Pai, Chairperson, Manipal Global Education Services at the session 'Using Risk Management as a Strategic tool in a Globalised Economic Environment'
Opening Remarks by Mr Mritunjay Kapur, Partner and National Head- Risk Consulting Practice, KPMG India at the session Risk Analytics
Risk Analytics - A Perspective by Wipro Consulting Services
Risk Analytics - A Perspective by ICICI Lombard GIC Limited
Mr Lav Chaturvedi, Chief Risk Officer, Reliance Capital Limited addressing at the session Risk Analytics
Risk Analytics - A Perspective by The Clearing Corporation of India Limited
Open house discussion on Risk Analytics
Closing remarks by Mr Mritunjay Kapur, Partner and National Head- Risk Consulting Practice, KPMG India at the session Risk Analytics
Cyber Security and Privacy Risks’ in a Digitally Enabled Enterprise - A Perspective by KPMG India
Mr V V Rajasekhar, Chief Information Officer, ITC Limited addressing at the session 'Cyber Security and Privacy Risks’ in a Digitally Enabled Enterprise
Mr Sanjeev Prasad, Senior Vice President, Genpact addressing at the session ‘Cyber Security and Privacy Risks’ in a Digitally Enabled Enterprise
Mr Burgess Cooper, Chief Information Security Officer, Vodafone India Limited addressing at the session ‘Cyber Security and Privacy Risks’ in a Digitally Enabled Enterprise
Mr Rajiv Vaid, Head of Operations, Strategic Accounts, Tata Consultancy Services Limited addressing at the session ‘Cyber Security and Privacy Risks’ in a Digitally Enabled Enterprise
Open house discussion on ‘Cyber Security and Privacy Risks’ in a Digitally Enabled Enterprise
Closing remarks by Mr Akhilesh Tuteja, Partner and Head-Risk Consulting, Technology Practice, KPMG India at the session ‘Cyber Security and Privacy Risks’ in a Digitally Enabled Enterprise
Opening remarks by Mr Suresh Senapaty, Executive Director and Chief Financial Officer, Wipro Limited at the session Financial Risk Management and Multiple Tax Risks
Mr Nishith Desai, Founder & Managing Partner, Nishith Desai Associates addressing at the session Financial Risk Management and Multiple Tax Risks
Mr Ian Bryden, Country Chief Risk Officer, India and Chief Risk Officer, South Asia, Standard Chartered Bank addressing at the session Financial Risk Management and Multiple Tax Risks
Mr Miranjit Mukherjee, Chief Financial Officer, Tata AIG General Insurance Company Limited addressing at the session Financial Risk Management and Multiple Tax Risks
Open house discussion on Financial Risk Management and Multiple Tax Risks
Closing Remarks by Mr Suresh Senapaty, Executive Director and Chief Financial Officer, Wipro Limited at the session Financial Risk Management and Multiple Tax Risks
Opening remarks by Mr Prashant Choudhary, Director and Head of Divisional Control and Regulatory Organisation (DCRO), Deutsch Bank Group at the session Master Class 1A: Execution of Risk Management Strategy
Mr Neville K Gandhi, Vice President-Compliance, Siemens Limited addressing at the session Master Class 1A: Execution of Risk Management Strategy
Execution of Risk Management Strategy - A Perspective by WNS Global Services Private Limited
Open house discussion on Master Class 1A: Execution of Risk Management Strategy
Closing remarks by Mr Prashant Choudhary, Director and Head of Divisional Control and Regulatory Organisation (DCRO), Deutsch Bank Group at the session Master Class 1A: Execution of Risk Management Strategy
Opening remarks by Mr Pramod Sadarjoshi, Senior Advisor, KPMG India at the session Master Class 1B: Risks from workplace of the future
Risks from Workplace of the Future - A Perspective by Reliance Industries Limited
Open house discussion on Master Class 1B: Risks from workplace of the future
Closing Remarks by Mr Pramod Sadarjoshi, Senior Advisor, KPMG India at the session Master Class 1B: Risks from workplace of the future
Climate Change and Sustainability Risks - KPMG India
Climate Change and Sustainability Risks - A Perspective by World Business Council for Sustainable Development
Climate Change and Sustainability Risks - A Perspective by Aditya Birla Management Corporation Private Limited
Climate Change and Sustainability Risks - A Perspective by JSW Group
Climate Change and Sustainability Risks - A Perspective by Cairn India Limited
Open house discussion on Master Class 2A: Climate Change and Sustainability Risks
Closing Remarks by Mr Joe Phelan, Director, World Business Council for Sustainable Development at the session Master Class 2A: Climate Change and Sustainability Risks
Opening remarks by Ms Gowree Gokhale, Partner, Nishith Desai Associates at the session Master Class 2B: IPR Risks
IPR Risks - A Perspective by Cipla Limited
Mr Vijaya Sarathy, India IP Leader & CoE Leader-Business Analytics, GE India addressing at the session Master Class 2B: IPR Risks
Open house discussion on Master Class 2B: IPR Risks
Opening remarks by Mr Amitabh Lal Das, Director and Head-Legal, Compliance & Regulatory Affairs, Max Life Insurance at the session Master Class 3A: Regulatory Risk implications
Regulatory Risk implications - A Perspective by Lupin Limited
Regulatory Risk implications - A Perspective by Hindustan Unilever Limited
An open house discussion on “Regulatory Risk Implications”
Closing remarks by Mr. Amitabh Lal Das, Director, Compliance & Regulatory Affairs, Max Life Insurance, at the session on “Regulatory Risk Implications”
Opening remarks by Mr. Mario Pereira, Group Director-Internal Assurance, Bharti Airtel, at the session on “Digital Forensics”
Digital Forensics - A Perspective by Mahindra Holidays
Digital Forensics - A Perspective by PricewaterhouseCoopers
An open house discussion on “Digital Forensics”
Opening remarks by Ms. Darshika Kothari, Partner, AZB & Partners, at the session on “Risks in Acquisitions”
Risks in Acquisitions - A Perspective by ONGC Videsh Limited
Mr. Sudhir Vrundavandas Valia, Executive Director, Sun Pharmaceutical Industries Limited, addressing at the session on “Risks in Acquisitions”
An open house discussion on “Risks in Acquisitions”
Opening remarks by Mr. Anand Krishnamoorthy, Director-Risk and Compliance, Capita India Private Limited at the session on “BCP and Business Resilience Risk”
BCP and Business Resilience Risk - A Perspective by National Stock Exchange of India Limited
BCP and Business Resilience Risk - A Perspective by Syntel
An open house discussion on “BCP and Business Resilience Risk”
Closing remarks by Mr. Anand Krishnamoorthy, Director-Risk and Compliance, Capita India Private Limited at the session on “BCP and Business Resilience Risk”
 
Charges to access Event
 
Participant TypeAmount (in Rs)
Member
2000
NonMember
3000