The pandemic has focused minds. COVID-19 is not only a major risk event in itself – it is also an accelerator of risks that were already omnipresent: cybersecurity attacks, supply chain disruption, geopolitical tension and other external threats. Illustrating this, the EY Global Board Risk Survey 2021 shows that 83% of board members believe market disruptions have become increasingly impactful and 87% believe they have become increasingly frequent. But despite the criticality of risk management, many board members lack confidence in their organization’s capabilities. For example, just 18% believe that their organization’s disaster response and contingency planning is highly effective, and only 13% believe that their organization is highly effective at embedding risk and compliance activities (ICDMPulse, March 2022)

This programme aims to keep directors attuned to megatrends that may impact the outworking and discharge of responsibilities by risk committees. Such trends include interconnected global risks, culture-centric corporate governance, cybersecurity and the Environmental, Social and Governance agenda. Participants can translate the key trends identified and shape priorities that would allow them to take actionable measures in managing multifaceted risks within their respective organisations.

Virtual Classroom Format
Interactive Facilitated Learning
Who is this Programme For

Targeted but not limited to New corporate directors to Mid-Level Directors & Risk Management Committee Members

What You’ll Learn
  • Identify contemporary issues and megatrends that are enveloping risk committees
  • Recognise priorities for risk committees in steering forward
  • Develop and Apply actionable measures that can help enhance the outworking and functionalities of risk committees
ICDM Virtual Classroom
01 Dec 2022
9:00 AM - 1:00 PM
Kasturi Nathan, George Titus & Phang Oy Cheng
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Thursday | 1 December 2022
9.00amIntroduction and Programme Housekeeping
9.05am

Module 1 - Contemporary insights and megatrends on risk committee

  • The role of the risk committee in the “new normal” and reframing risks as “opportunities”
  • Board risk management committee’s 2022-2023 agenda
  • An analysis of the contemporary agenda items that are prevalent amongst the board committees of the top 100 Public Listed Companies in Malaysia by market capitalisation
  • The revised Malaysian Code on Corporate Governance and its impact to the risk committees
9.35am

Module 2 - Deep dive into the key trends identified and future priorities for the risk committee

  • Macro risks and the interconnected global risks on businesses
    • Macroeconomic outlook: inflation, recession and global supply chain risks
    • Geopolitics: Russia-Ukraine war, regional instability and global security landscape
  • Increased focus on ethics and compliance
  • The “perfect storm”: Crisis management, business continuity and reputational risks (case studies focus)
  • Overregulation: rise of regulatory risks
  • Governing the risk committee: composition, succession planning, terms of reference and crosscommittee teamwork and skill set mix
10.20amVirtual Break
10.35am

Module 3 - Surfing through cybersecurity hygiene practices to reduce risks leading to ransomware attack

  • Basics of ransomware
  • Cybersecurity hygiene practices to reduce the risk / exploits from the ransomware attack
  • How to defend the risks of ransomware infections
11.25am

Module 4: Uncovering practical reinforcements to the risk committee: from an Environmental, Social and Governance (“ESG”) vantage point

  • How to integrate ESG into Enterprise Risk Management, strategic planning and operations
  • How to better monitor ESG and climate data
  • How to enhance ESG disclosures (meeting the investors' and stakeholders' expectations)
  • How to forge a better assurance programme
12.30pmSummary and Q&A
1.00pmEnd of Programme

The Organiser reserves the right to alter the content and timing of the programme as it deems fit and is not responsible for cancellations due to unforeseen circumstances.

Speakers

KASTURI NATHAN
KASTURI NATHAN
Executive Director and Head of Board Advisory Services, KPMG Management & Risk Consulting Sdn Bhd
GEORGE TITUS
GEORGE TITUS
Director of Technology, Risk and Cyber, KPMG Management & Risk Consulting Sdn Bhd
PHANG OY CHENG
PHANG OY CHENG
Head of Sustainability Advisory Services, KPMG Management & Risk Consulting Sdn Bhd