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© 2018 SKX. All Rights Reserved. Managing Risk Beyond Compliance By Jabulile Nkosi
© 2018 SKX. All Rights Reserved.
Managing Risk Beyond Compliance
By Jabulile Nkosi
Context
Premise
Premise
Revenue/ Investment
Citizens/Shareholder Returns
Risk Management
Strategy and Risk
Risk Management
Risk Management
Risk Perception Continuum
What Should Be – perception of risk derived from an external environment such as external standards
What is – comprises of the uncertainty of the organization’s operating environment such as capabilities and capacity
What could Be – is the source of the strategy of the organization and the perception of what risks need to be taken for the strategy to be achieved
Risk
Opportunity
Early Movers Miss Exploit
Risk Management
Value
Risk Opportunity
EnhancementErosio
n
What lies Beyond Compliance?
Risk Management
• CROs to be central to planning and monitoring • CROs to proactively responding to emerging risks • Continuous engagement and education of Accounting Authorities and
Accounting Officers • Risk management to be capacitated to empower line manager to EM
EDD risk management • Government wide engagement required on the management of
material risks on service delivery value chain • Introduction and enhancement of existing risk management tools
Next Steps
Building Sustainable relationships
Thank You
