KPMG
Sinopse: Businesses today are jostling for space and operating in a dynamic and constantly evolving, highly competitive environment. Heightened dependence on rapidly evolving technology, integration and access to global markets have exposed organisations to a plethora of risks, even as they pursue growth at a blistering pace.
In the backdrop of regulatory, compliance risks, market disruption, environment, health, safety and even obsolescence of business models, there is an urgent need for companies to alter their mindsets. The shift in mindset should be in the approach to risk management from a largely compliance and operations perspective, to a risk-based strategy and decision making perspective.
Globally, risk management is evolving and taking centre stage in how companies run their businesses. While Indian companies are also moving in that direction, they need to quicken their pace, especially when it comes to incorporating risk management into business strategy and growth.
Although the Companies Act 2013 created a strong framework for risk management, it is now incumbent on India Inc. to work on the ‘tone at the top’ and embed the culture of risk management across their organisations to be able to sustain the shocks of uncertainty.
This white paper is an attempt to offer insights into the leading trends and best practices in risk management. We believe that there are also learnings for India Inc. that will help them weather the risks on their growth trajectory and pave the way for them to take off to newer heights.
