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Selling Risk Management to the Board and the Executive: IRMSA Annual General Meeting

Date:
21 June, 2016
Time:
8:00 am - 5:00 pm

Speaker:

21 June, 2016 @ 8:00 am - 5:00 pm

BarnOwl were proud to sponsor the IRMSA 13th Annual General Meeting and Breakfast Presentation, held on Thursday 21st June 2016, at Johannesburg Country Club in Woodmead. We were welcome by Gillian le Cordeur the CEO of IRMSA and given great feedback in the president’s report on the progress of IRMSA over the past year delivered by Sheralee Morland. In addition, we welcome the election of two new executive committee members being Berenice Francis and Malebu Makgalemela.

IRMSA is going from strength to strength with individual membership growing significantly to almost 2000 members as well as corporate membership growing steadily. IRMSA is doing a fantastic job in terms of the professionalisation of Risk Management with 80 members writing board exam one and some members having written the CRM Professional Pilot Board Exam 2 in March 2016.

Jonathan Crisp, Director at BarnOwl presented BarnOwl’s latest thought leadership ebook on ‘Selling Risk Management to the Board and Exco’ which aims to:

  • Communicate the value of ERM/GRC to the board and the executive
  • Understand the role / expectations of various stakeholders in ERM
  • Answer typical queries/objections when it comes to investing in ERM
  • Promote the need and importance of a robust ERM process / program and how this may be achieved

Included in the presentation is a link to a video where we interviewed Berenice Francis, Group Commercial Executive, Imperial Holdings, Ingrid Ravenscroft, Head of Internal Audit, Mercantile Bank and Gillian le Cordeur, the CEO of IRMSA regarding the state of risk management in their respective organisations and how the risk management discipline has evolved over the past few years and continues to evolve. You can view the interviews at: https://youtu.be/tWu99x-J00I. In addition, you can download the ‘Selling Risk Management to the Board and Exco’ presentation here. You may also wish to see the video of Jonathan Crisp’s presentation here

Duncan Wernberg, one of IRMSA’s first exchange students sponsored by the Cruywagen IRMSA Risk Foundation presented on ‘Risk Management, a business enabler or a compliance issue? Duncan spoke about the how far the risk management discipline has come and how it has evolved from a ‘compliance issue’ to a true ‘business enabler’. Duncan continues to work on a research project based on interviews, questionnaires and literature. We look forward to the results of this research project. You can download Duncan’s presentation here. We particularly liked the following quote from Duncan’s presentation:

“Risk is like fire: If controlled it will help you; if uncontrolled it will rise up and destroy you”

-Theodore Roosevelt

BarnOwl is proud to have a close working relationship with IRMSA and to contribute to the advancement of the risk management profession and discipline. Once again thank you to IRMSA for all that you do to advance our profession.

ABOUT BARNOWL

BarnOwl is a fully integrated governance, enterprise risk management, compliance and audit software solution used by over 200 organisations in Africa, Europe and the UK. BarnOwl supports best practice risk management, compliance and audit frameworks (e.g. COSO, ISO31000, Generally Accepted Compliance Practice Framework (GACP), International Professional Practice Framework (IPPF)), whilst offering a highly flexible and configurable parameter-driven system allowing you to configure BarnOwl to meet your specific requirements.
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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

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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

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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

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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

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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

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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

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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

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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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