Risk Managers Association of Nigeria (Abuja Chapter Forum) - 2018
RIMAN Abuja Chapter Quarter 1 Forum - 2018
As part of the Association’s objective of consistently delivering on the mandate of capacity building, knowledge sharing and professional networking, the first Quarter Risk forum of Abuja Chapter in 2018 took place on Tuesday, 22nd May, 2018.
The topic discussed was "The Role of the Board in Risk Management"
The event witnessed a huge turn out as most risk practitioners/members of the Association in Abuja were in attendance. The role of board in risk management was viewed from the importance attributed to this function after the 2008 global financial crises. The discussion looked at how Board has taken up the role of managing risks as against the hitherto idea of relying solely on Management to oversee and manage risks. Board of Directors through the Board risk committee now has oversight function on risk management and these has led to great reduction in complex legal issues and business losses incurred by most organization.
Going by the feedback from the event, the programme and the topic treated serve as a wakeup call to everyone in attendance that Board of Directors are to be well involved in risk management practices in their organization.