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Leaders Luncheon and Conference Plenary Session

Date:
17 August, 2016
Time:
9:00 am - 4:00 pm

Speaker:

17 August, 2016 @ 9:00 am - 4:00 pm

LEADERS LUNCHEON AND CONFERENCE PLENARY SESSION 17 August 2016

BarnOwl was the proud sponsor of the guest speaker, none other than Clem Sunter at The Institute of Internal Auditors South Africa (IIA SA) CAE luncheon, exclusively for Heads of Internal Audit (CAEs), Directors, Audit Committee Members and CEO’s held at the Sandton Convention Center, Johannesburg on the 17 August 2016.

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Highly acclaimed locally and internationally, Clem Sunter is South Africa’s pre-eminent scenario planner and voted by leading South African CEO’s as the speaker who has made the biggest impact on local best practice.

Clem demonstrated in his presentation how critical risk management has become and how important it was for organisations to take it seriously and to stop just ‘ticking the governance box’. Strategic decisions that are made today play out in 5 years’ time; if today’s risks / flags and their trends  are not monitored and taken into account when making business decisions today this may well lead to business destruction. Good governance is essential especially considering current trends of globalisation and regulatory complexity, the slow economic growth and the growing anti-establishment flag (risk).

Clem  spoke about ‘flags’ (essentially risks and events); ‘cloudy’ flags that come and go and are unpredictable and ‘clock-work’ flags that are 100% predictable like the ageing European, Chinese and Japanese population which will have a huge impact on global economic growth  and commodity demand in the immediate / near future. In contrast, South Africa has the opposite where 50% of the population is under 23: (i.e. ‘born frees’ in and after 1994).

On the international front Clem spoke about 5 flags which are becoming worrisome and could spill over into South Africa and  / or certainly affect our economy being part of the global village: 1) The Religious flag (ISIS, Syria etc.) ,2) The Russian / Putin flag (Crimea, USA sanctions, NATO versus Russia, Baltic states conflict), 3) The Grey flag (ageing populations in Europe, Japan, China not contributing to economic growth but rather draining local economies by requiring state care), 4) the Anti-establishment flag (fury of the middle class (no longer just the fury of the lower class) with the super-rich driving the need for good corporate governance and a squeaky clean corporate image as anti-establishment fury builds), 5) the Green flag (climate change, rising sea levels, record temperatures in Australia, water shortages, increased frequency of extreme weather events. This does however create opportunities for ‘smart’ energy).

On the local front Clem spoke about 6 flags that could be game changers such as: 1) Corruption, 2) Quality of infrastructure (physical, education, heath, electricity, water etc.), 3) Inclusive leadership and the quality thereof, 4) Pockets of excellence, 5) Level of economic freedom (Government needs to grow, support, encourage and make things easier for entrepreneurs and SMMEs) and 6) World at work (mechanisation and technology disrupters).

In summary, Clem mentioned that Risk Management is a key discipline for any company and critical when determining / setting company strategy.  Risk management needs to be dynamic with a real-time view of your risk profile and watching the flags (Key Risk Indicators).  Clem mentioned that internal audit together with their risk and audit committees play an invaluable role in raising the awareness (to the board and exco) of the critical need to monitor and manage risks both externally and internally.

To view the video please click here.

BarnOwl is privileged to be a member of The Institute of Internal Auditors South Africa (IIA SA) and to have contributed to CAE luncheon.

We thank Clem Sunter for coming to talk to us and share so many of his valuable insights.

Jonathan Crisp

Director

BarnOwl GRC and Audit Software

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BarnOwl is a fully integrated governance, risk management, compliance and audit software solution used by over 200 organisations in Africa, Europe and the UK.

BarnOwl provides a system-wide view of your risk universe at a strategic group level as well as at each individual business unit level and / or process level. BarnOwl provides an early-warning system and keeps risk managers / management appraised of a changing risk environment improving their insight and oversight of issues and exposures at every level of the organisation enabling an organisation to respond appropriately / proactively to risks that might adversely affect the realisation of the organisation’s objectives.

Barnowl supports true risk and control based auditing ensuring that risks that matter to your organisation are audited and that the results are updated back into risk management.

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BARNOWL PARTNERS

GRCReady is the official provider of risk management content for the BarnOwl GRC software solution. GRCReady provides extensive risk libraries and risk maturity checklists/surveys which are integrated with BarnOwl.

GRCReady, based in Australia, offers a comprehensive and holistic library of products and associated services including templates, policies, procedures, guidelines, checklists etc.t to help owners and directors of SMEs, startups and corporates to satisfy their corporate governance, risk management and regulatory compliance needs.

By integrating GRCReady's rich content libraries into BarnOwl's GRC software, we are able to offer our clients a state of the art, turnkey GRC solution.

GRCReady provides, arguably, the most comprehensive risk and governance maturity assessment framework with detailed steps and artefacts. BarnOwl's survey and action plan portal provides a simple and effective way to monitor and report on your current state of risk maturity and suggest and drive remedial action plans to take you to your desired state of risk and governance and maturity.

By integrating GRCReady's risk libraries with the BarnOwl GRC software, means that you don't have to start from scratch. In addition, ongoing updates and insights keep you informed and up-to-date on best practices.

www.grcready.com

BARNOWL PARTNERS

Season Rhyrhm is BarnOwl's preferred partner in Botswana assisting with BarnOwl implementations, support services and client relationship management.

Season Rhythm is an established and distinguished player in the ICT sector in Botswana, specialising in a range of cutting-edge solutions. Season Rhythm leverages BarnOwl to provide tailored GRC&A services to businesses in Botswana facilitating:

  • Governance: Enabling organisations to establish and uphold effective governance structures, ensuring transparency and accountability in decision making processes.
  • Risk Management: Equipping businesses with tools to identify, assess and mitigate risks, safeguarding against potential threats and ensuring continuity in a business environment.
  • Compliance: Ensuring adherence to regulatory frameworks and industry standards, protecting businesses from non-compliance penalties and fostering trust among stakeholders.
  • Audit: Streamling the audit process with comprehensive tools for planning, execution and reporting, driving efficiency and accuracy in internal audit and compliance assessments.
  • www.sr.co.bw/ict

BARNOWL PARTNERS

BarnOwl works closely with NSA in the field of GRC and assurance.

NSA is an education and risk & assurance advisory services provider, consisting of a team of professional consultants and facilitators who have been hand-picked on experience and expertise. NSA services include:

  • Strategic intervention: 30 expert consultants facilitating strategic planning, combined assurance, effective governance and risk management assignments.
  • Continuous professional development: CPD training for internal auditors, external auditors, accountants, risk managers, government officials, and psychologists.
  • Online learning: accredited training for the local government sector, including the Municipal Financial Management Program and Supply Chain Management.
  • Online skills development: skills in demand for 2030, including cybersecurity, Protection of Personal Information, Artificial Intelligence, Robotics and programming.

BarnOwl and NSA work closely with our clients to align and enable best practice GRC and assurance framework & methodologies within BarnOwl. NSA regularly presents online information sharing sessions together with BarOwl.

www.nextstepac.com

BARNOWL PARTNERS

Nico Technologies is BarnOwl's preferred partner in Malawi assisting with BarnOwl implementations, support services and client relationship management.

Nico Technologies Limited is an established IT products and services provider in Malawi, specialising in managed IT services, IT infrastructure services, IT project management, digital solutions, digital transformation and IT advisory.

Nico Technologies uses BarnOwl extensively within their own organisation to automate and manage their own risk and compliance functions.

www.nicotechnologies.com

BARNOWL PARTNERS

Morgan Solus is BarnOwl's preferred business continuity specialist consulting firm with its 'BCM toolkit' software. BarnOwl GRC together with the BCM toolkit, provides a comprehensive risk management and BCM software solution.

Morgan Solus is a specialist consultancy firm focusing on risk, resilience and continuity. Morgan Solus's core services are centred on resilience, crisis management, business continuity (BCM), IT services continuity and disaster recovery (DRP) and training.

The BCM toolkit ensures a consistent approach to implementing BCM and IT disaster recover and cuts down implementation timelines by 60% whilst driving up successful outcomes.

BarnOwl's extensive GRC and assurance functionally coupled with Morgan Solus's BCM toolkit provide the ultimate risk management and BCM software solution.

www.morgansolus.co.za

BARNOWL PARTNERS

Arbutus Analytics is Barnowl's preferred data analytics software. BarnOwl GRC integrated with Arbutus Analytics, provides the ultimate in continuous risk monitoring.

Arbutus Analyzer is a powerful data access and analysis solution specifically developed for auditors, business analysts, and fraud investigators. Its robust performance and user-friendly features offer you the ability to access and analyse data quickly and simply.

BarnOwl GRC, integrated with the real-time metrics from Arbutus provides a strategic early warning system driving preventative and predictive capability facilitating effective business decision making business improvement.

www.arbutussoftware.com with local sub-sahara African distributor www.betasoftware.co.za

BARNOWL PARTNERS

Barnowl works closely with Pax Resilience in the field of GRC and sustainability.

Pax Resilience offers solutions in risk, resilience and cyber security. Pax Resilience strive to create peace of mind by assisting you to build the resilience in your organisation so essential to survive and thrive in the volatile, uncertain, complex and ambiguous world we live in.

Pax Resilience regularly presents online information sharing sessions together with Barnowl.

www.paxresilience.io

BARNOWL PARTNERS

Paige Law is the official provider of compliance content for the Barnowl GRC software solution. Paige Law provides an extensive Library of South African acts including provisions [CRMPs] and checklists which are integrated with Barnowl.

Paige Law specialises in compliance, Commercial Law, Legal process consultancy, managed legal services and POPIA/ GDPR.

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More Information: info@barnowl.co.za
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