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Rethinking risk management in a new world
By Tony Zhang|29 December 2020
Rethinking the management of risk will be central in ensuring that boards can navigate through uncertainty and an evolving post-pandemic environment in 2021.
The risk management function will be in the centre of strategy in the coming five years post-pandemic, and recent research has revealed the importance of in-house legal teams being prepared to meet coming challenges.
Speaking at the Governance Institute’s National Conference 2020, Adriaan van Jaarsveldt, senior adviser, risk, at Brookfield Asset Management, said it will be critical to make the three lines model of risk management work and adapt in a 2021 environment, with audit, compliance and legal teams fundamental in addressing post-pandemic uncertainty.