FERMA has urged risk managers to continue to demonstrate the vital role they play in enabling the risk-based decision making critical to the sustainability and competitiveness of corporations.
In his opening address at FERMA’s two-day educational event in Belgium, Dirk Wegener, who handed over the presidency of the federation to Charlotte Hedemark this week: “Risk management must be seen as a value-adding function which extends beyond the management of operational risks and engages directly with the C-suite to support the broader strategic ambitions of the organisation. Risk managers can and should play a lead role in facilitating sustainable corporate performance and boosting overall competitiveness.”
The 12th annual seminar included a CEO panel discussion with Pascal Juery, CEO at Agfa, and François Michel, CEO at John Cockerill during which the panellists provided the insights into how risk management feeds into the strategic decision-making process.
On the criticality of the risk management perspective in strategic decision making, Juery said: “Risk management is an integral part of all the strategic decisions that are made at Agfa. Not only do we see this as vital to ensuring our organisational resilience, but also to future-proofing our operations which is the primary objective for me.”
He added that the goal for the risk manager, in his view, is to become a "strategic partner helping [to] integrate risk management into...overall strategic planning".
Pictured: FERMA Seminar, Antwerp, Belgium (Image courtesy FERMA)
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