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Interview in full 24:08 Play
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Rob Mitchell

Moderator

Rob Mitchell is an independent writer and editor, who specialises in finance and risk issues. Until 2009, he was a managing editor at the Economist Intelligence Unit, where he edited reports and white papers on behalf of a wide range of corporate clients. Prior to that, he worked at the Financial Times, where he edited the Mastering Management series along with regular one-off supplements to the newspaper on business and management issues.

David Millar

Chief Operations Officer, PRMIA

David directly manages development, standards and examinations for PRMIA (Professional Risk Managers' International Association), a 68,000-member global association, and has special responsibility for Asia, Europe and the Middle East. From the 1970s to 2005, he worked at board and operational management levels in Europe, Africa, Asia and the USA in investment banking, brokerage and exchanges, clearing and settlement services, usually as a consultant but also a spell as a non-financial risk manager for a British bank, and as a financial software products manager. He worked for many years in the consultancy, outsourcing and IT services areas and in the late ‘90s ran a $260m turnover operation at one of the major computer services organisations.

Malcolm Zack

Audit Director, Brakes Group

Malcolm is the Audit Director for the Brakes Group, a leading food service supplier to the UK catering industry with operations in France, Ireland and Sweden. Malcolm qualified as a chartered accountant with Arthur Andersen & Co before taking on a mix of audit, risk, and process improvement roles with the Burton Group plc, Kingfisher plc and Sainsbury's. He then joined Visa Europe as Vice President, Head of Operational Review before joining Brakes, a private-equity-backed, £2.2bn turnover organisation, in 2005. He holds a Henley MBA, is a speaker at risk and audit events and recently co-authored the Institute of Internal Auditors' guidance on Pandemic Planning Risk. He is also a member of the advisory board for the Economist Intelligence Unit's 2010 risk programme.

Chris McGloin

Vice President, Risk Management and Insurance, Invensys

Chris joined Invensys plc in 2006 as their risk manager, where his responsibilities include enterprise risk management, business continuity and insurance. He began his career as an underwriter with the Royal Insurance Group before moving into insurance broking and risk management, first with Sedgwick and then with Aon. He has worked extensively with captives and is a director of the Invensys captive insurance company. Chris is a board member of Airmic, the UK risk managers’ association, where he chairs the insurance steering group.
Risk management
Walking the wire

As they emerge from recession, businesses around the world are walking a high wire between exploring new opportunities while closely managing risks. Consequently, risk management has new relevance for business as economies emerge from the economic downturn. Many companies are now regarding good risk management not simply as a "necessary evil" for compliance purposes, but as a tool that can be used to give them a competitive advantage.


This webcast will seek to explore several questions around this issue, including:


  • Can risk management be seen as an enabling factor, rather than a restraining factor? Can it offer organisations a competitive advantage?
  • If the risk function were more central to an organisation's executive, what sort of value would it add? Is it possible to prove that risk management is cost-beneficial?
  • What sort of cultural change needs to occur for this sort of shift to take place? Do risk managers now also need