IRMSA MEMBERSHIP SURVEY 2015

Member Benefits

Growth in the Risk Management Industry

Training

Board Exams

Events

Annual Gala Dinner and Awards Ceremony

Risk Manager of the year

15%

Automotive 0%

Communication and Technology

4%

Consulting Services

7%

Energy, utilities and Mining

4%

Engineering and Construction

7%

Entertainment and Media

0%

Financial Services 31%

Government and Public Services

19%

Healthcare 7%

Hospitality and Leisure

0%

Industrial Manufacturing

2%

Retail and Consumer

4%

SMEs 0%

Transportation and Logistics

0%

51 responses for Risk Manager of the Year were submitted

Risk Report

• Assessment on the effectiveness of all intervention strategies in SA combatting unemployment i.e i)Entrepreneurship, • Business Continuity (3) • Combined Assurance in the public sector. • Combined assurance modelling (2) • "The need confirmed for a continuous process to update a risk report in an organisation or state and not only once a year. The absence

of xenophobia in the report serves as an example. • Advise on the field of risk management • Africa - expand the research to other SADC countries (4) • Aligning risk to company strategy • Money laundering and anti terrorism financing management (2) • Articles on research regarding Risk Management in SA • Aspects related to the changing demographics in the workplace • Black swan events • Top 10 ZA Statistics compared to Global Statistics, Changing paradigms in the Risk management space • Can we leverage pockets of excellence to produce a better country? • Career map in risk management. • Case study of at least 1 company on any risk management subject i.e risk culture, risk maturity etc • Categories of risks by private and public sector • Common mitigating actions on key risks industry by industry • Comparison trends 2015 vs 2016 • Compliance risk in Financial industry • Consequences of non-delivery on all South Africans, its neighbouring countries and other international markets. • Zenaphobia (not the first and not the last time this will happen). The impact of less farming will have on our economy (unemployment),

sustainability. Negative views of the rest of the world of South Africa, especially our government • Economic risks resulting from shortages in energy (Electricity) (6) • Emerging risks. (5) • Emerging risks in the public sector. • Financial Services Risks specifically Regulatory Risks • Focus on global risks that will impact/impacting South Africa. (4)

• Health, Security @ Safety Risks in workplace and Universities (2) • Ii)Industry readiness of school leavers • Iii)Manufacturing start-ups "

• Impact of COSO in business use. • Construction Regulations - currently not receiving adequate attention and could lead to claims, prosecution and or reputation risks.

(2) • Information on the external risks facing an organization. • Information risk management, knowledge management as a form of asset risk management • Insurance risk management • Integration of risk and strategy • International Risk • Is the ineffective utilisation of volunteerism causing us to think that it is not a solution to SA's problems? • It adds great value as it currently reflects • Key risks by industry • Latest Fraud Risks • Leadership • Legal liability developments in Africa • Less detail per risk combined with a broader spectrum of risks. • Liquidity and currency risk as a threat to South Africa • Maybe more on reputational risks and the impact it can have on an organisation. • Measures to address revenue leakage in the telecoms industry • More around Information Technology Risk - Cyber security (7) • More facts and figures including real cases • More inforation on the risk financing for risk exposures • More input from professionals in the banking industry. • More on mining and industrial property risk, especially technical aspects. (2) • More on Risk Tolerance and Maturity Index (2) • More on the Agribusiness sector (which is at extreme risk right now) • More on the views regarding implementing Risk Management in other African countries/Business development Projects and overall

Project governance. • New risks / challenges faced by organistions in relation to risk management • Newest developments in local risk market (2) • Newly appointed officials • Offshore investments

• One would like to see top 10 municipal ( local government) risk by likelihood and consequence for the simple reason that the local government is the front line of government which is characterised by service delivery protects perhaps the time has come for the institute to begin engage with all relevant stakeholders within the local government arena to provide a long lasting solution to the country problem of service delivery.

• Operational Risk Management - Latest modelling techniques, Possible shifts in policy by Basel or SARB (2) • Operational risk - managing through automation • Information on risk events (operational losses) • Political risk issues (4) • Public sector perspective on ERM and its implementation (2) • Quite a few of our members are SME's. Also the Government is asking for SME's to provide employment within SA. I would like more

of a focus on the risks specifically for SME's. (3) • Racial Conflicts as a risk • Recommendations as to how risks can be addressed in the South African AND African context. • Recommended Risk Appetite per industry i.e. Considering various aspect in the Government and/or Public Sector, a recommended

Risk Appetite should be set as a benchmark. • Regulation of the South African Hedge fund industry • Risk assessment. • Risk Disenchanted youth particularly born frees and social impacts thereof. • Risk interdependencies/interconnections, Heat map / portfolio view of risks, risk ratings (quantification criteria), scenarios and stress

testing perspectives, • Risk look ahead (As a country). • Risk management in accounting processes and human resource functions also the risk involved in risk management functions. • Risk Management Practices across Southern Africa • Risk Management trends, trend analysis (e.g. Top 10 risks any company faces on a monthly/yearly basis) • Risk Management vs corruption and practical ways of managing the risk of such (2) • Risk manager engagement • Risk manager roles and responsibilities of the future • Risk measures related to sharing of information over Clouds and data security. • Risk mitigation strategies that did not succeed, and the mappings of those which were successful. The report to include a company

guide of those who made inputs and not only the Risk Practitioners. • Risk of skills shortage in SA • Risk related to smaller companies • Risk Trainings Calender and the prices for each training.

• Risks affecting the NGO sector • Risks related to industry categories. • Risks that affect tertiary education • Risks that are affecting the growth of the country and the impact on the lives of the ordinary citizens in the country. • Risks to Telecoms. • Same as previous report save to update more on progress being made in the field. • Same content but updated to reflect latest risk trends • Scenario analysis • Summaries of risks found in other countries as this assists Risk Managers that handle business intercontinental. • The issue of ESKOM privatization versus nationalization, the impact that have on consumers and businesses.(2) • The Maximum Risk affecting our Local Government . • The report value is to maximised in terms of planning. In a business this is typically done via the time lines of the risk governance and

Board Committee time lines. For a country, it is important to maximise the input by trying to influence the country equivalent to the Board / Exco, namely the Cabinet and as such influence the budget allocation / speech. As such it is suggested that the report be timed in such a way that it be made available for integration intone state risk report for consideration by Cabinet."

• The role of risk management in adding value to the organisation • The role of the Board in upholding Risk Management • The state of risk management implementation in public sector including the effectiveness assessment report, there should be a separate

report for each sphere of government as these spheres are managed differently by virtue of them being autonomous to another, these reports should also include experts recommendations to improve the effectiveness of risk management in each sphere of government

• Top 10 high potential risk indicators in business and elaborate on mitigating controls thereof to manage the risk impact. • Top 10 risks an ordinary organisation faces • Top ten risks by industries • Top ten Risks facing Local Government • Top trending risks in EMEA • Transformation issues negatively impacting the business: New legislative requirements impacting on business, Failure to successfully

develop new business in Africa stunts growth. • Trend analysis - the different risks in different industries • Trends and more Quantitative statistics. Breakdown must be per industry sector,Local,National and International data inputs. • Trends that SA companies should look out for • Updates on the current two biggest Mega Power plants in the country. (Medupi and Kusile Power stations). (2) • Using risk for value add • What is South Africa's vision for 2025?

Africa Expansion

Social Media

Communications

Website

Thank you to those for taking the time to complete this survey.

We look forward to seeing you at IRMSA events soon!