President Cyril Ramaphosa, as chair of the National Command Council established under the Disaster Management Act, will tonight be honoured by the Institute of Risk Management South Africa (IRMSA) for the impact the Risk Adjusted Strategy had on responding to the enormous risks posed by the Covid-19 pandemic on the country and its people.
Jackson Mthembu, Minister in the Presidency, will accept the Risk Influencer of the Year Award on behalf of Pres Ramaphosa during the annual virtual awards ceremony.
IRMSA introduced the Risk Influencer of the Year Award three years ago in recognition of individuals or organisations in business or government who are not risk professionals, says Gillian Le Cordeur, CEO of The Institute of Risk Management South Africa.
“However, their understanding of the importance of risk management impacts directly on the work that we as risk professionals do. It elevates the role of the institute and the importance of effective risk management.”
Throughout the year the IRMSA board considers any individual or organisation that has influenced or impacted business or society through their leadership role and the promoting of the value and importance of risk management.
The Risk Adjusted Strategy implemented by the President and his council received the unanimous vote from the IRMSA Executive Committee. The strategy has made the biggest impact during an extraordinary moment in our country, says Le Cordeur.
The strategy considered the impact of the coronavirus and developed measures in which business, the economy and individuals could navigate the risks associated with the coronavirus.
The institute was able to elevate its communication and advice with government on the risks posed by the virus.
“We are delighted with the fact that the Presidency, as a corporate member of IRMSA, acknowledged the role of risk management through its Risk Adjusted Strategy and the role risk management plays, whether it is a pandemic or a process or any other risk facing the country,” says Le Cordeur.
Since the inception of the award prominent leaders such as Clem Sunter, South Africa’s most highly regarded scenario planner and strategist, received the award for integrating risk management into his approach to scenario planning and actively involving and supporting the risk profession in that regard.
The King Committee received the award for the King IV Code that highlighted the role of risk management in governance.
Last year the Risk Influencer of the Year went to Chief Justice Mogoeng Mogoeng, for his active role in promoting the importance of risk management for South Africa ensuring that we respond to the right opportunities, highlighting new risks as they emerge whilst managing those that already exist.
Also, for putting those significant risks our country faces in the spotlight. Risks like greed, corruption, climate change, leadership and crime, to name a few.
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