A changing industry for India’s chemical companies | KPMG Global
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Risk management at energy & natural resources companies

Building a risk-aware culture

22 April 2014, 3:30PM - 4:30PM, HKST

Energy and natural resources (ENR) companies are challenged by an ever-growing array of threats and opportunities that grow more complex every day. 

Challenges include: entering more and more remote regions in the world to search for natural resources, often in fragile countries where the state is weak and the environment is under threat; labor relations may be fraught with tension in some parts of the world; ever-changing regulatory and compliance pressures; financial and production risks; and public opinion is often hostile to ENR companies. However, technology is creating immense opportunities to develop oil and gas fields, in previously unconquerable areas.

The worldwide survey* of senior executives in this industry found that the management of these risks was not advancing as fast as the threats faced and ENR companies were falling short in a number of important areas.

Why you should join the webcast

You will learn more about:

  • Why risk management should be factored into an organization’s strategic planning decisions
  • The importance of developing a formal risk appetite statement
  • Why companies need a top-down approach plus a bottom-up assessment to risk assessment
  • The Board’s role: Understanding the root causes of market dynamics, questioning the risk culture and management’s propensity for risk taking
  • The CEO’s role: Integrating risk management into everyday business
  • Understanding stakeholder expectations and building process and skills to meet expectations
  • Tying risk to compensation
  • Taking risk management to the next level

Who should attend

A must for C-suite, senior executives and senior managers in strategy, operations, compliance, risk management, internal audit, corporate governance, assurance, legal, finance, and HR. Individuals keen on understanding the importance of risk and the impact to their business, as well as Board members.


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