31 Aug 2024

leadership-and-risk-management-training-ICPAK-in-partnership-with-Azizi-Consulting

Are you fostering a risk-aware culture in your organization and helping your leadership have a firm grasp of the intersection of leadership and risk management?

In August 2024, we had the privilege of carrying out a Leadership and Risk Management Training for the Board of Directors and Senior Management of the National Construction Authority-Kenya.

The Leadership and Risk Management Training is a particularly resourceful investment for seasoned executives looking to gain the insights and frameworks to sharpen their acumen in strategic and resilient leadership.

The training can also be an asset to the newcomer in management seeking to gain the knowledge to lead effectively from the onset—proactively identifying and navigating risks for sustainable success.

The August training, organized by ICPAK (Institute of Certified Public Accountants of Kenya), facilitated by Azizi Consulting and held in Nakuru, delved into the areas of:

1. Risk as part of corporate governance

The role of risk management and why corporate leadership needs to manage risk more proactively, including taking into account the risk exposure of every business activity.

2. Importance of risk governance

The benefits of incorporating risk governance as a strategic priority for the executive leadership.

3. The risk and strategy relationship

Understanding the linkage between risk management and strategy implementation.

4. Risk governance tools

Setting up the systems that help your organization manage risk, compliance and governance.

5. Risk appetite and linkage to strategy

The role of risk appetite and how the Board can better articulate your organization’s risk appetite and link it back to strategy to determine whether the organization is taking the right risks: are you assuming too much or too little risk? Should alternative strategies for reaching the goals set out be considered?

6. The role of different players in ERM 

The different but complementary roles in ERM (Enterprise Risk Management)–Board, Management and Risk Champions and how they can work together to agree on the risk appetite and strategy of the organization and align their risk management activities accordingly.

For more information on Azizi Consulting’s Leadership and Risk Management Training, please get in touch with us at riskmgt@aziziconsulting.com 

For updates and insights on our work and impact, please follow us on LinkedIn at Azizi Consulting

16 Aug 2024

GARP-workshop-2024

It was an eventful start to September for Azizi Consulting as we had the pleasure of participating in the GARP (Global Association of Risk Professionals) Workshop on Financial Implications and Opportunities in Sustainability and Climate Risk.

Climate risk is no longer a distant concern for businesses, governments and economies.

If overlooked, climate risks, such as erratic weather patterns, including heatwaves or flush floods, can lead to infrastructure damage, power outages, transportation disturbances and disruption of the supply chain. These can result in disruption of operations and lost productivity, leading to reputational damage.

Climate risk assessment allows the executive leadership to identify areas of vulnerability in their operations that could be affected by climate risk and prioritize the risk mitigation strategies—be it by relocating facilities or adopting preventive measures, such as elevated foundations, to minimize losses from extreme weather.

As the world seeks to transition to a low-carbon economy, a climate risk assessment also enables the leadership to forecast the climate policies that could impact their processes and plan to transition accordingly. For example, start investing in clean technologies or even identify markets emerging from a growing demand for clean energy and capitalize on the new market opportunities.

Filling the Gap with GARP

The GARP workshop was thus timely. It provided a resourceful forum to reflect on the importance of organizations proactively managing climate risk, including undertaking a Sustainability Risk Maturity Assessment to check on:

  1. Governance: policies to guide the organization in implementing sustainability, informing the Board’s oversight and outlining the management roles.
  2. Processes: integrating sustainability into what the organization does.
  3. M&E framework: access implementation and impact of sustainability initiatives by the organization—the ratio of what we say and what we do as an organisation.

For more information on Azizi Consulting’s Climate Risk Assessment and Sustainability advisory, please get in touch with us at riskmgt@aziziconsulting.com 

For updates and insights on our work and impact, please follow us on LinkedIn at Azizi Consulting

13 Aug 2024

UNODC-training-Kenya-fisheries-azizi-consulting-corruption-risks-training

Kenya’s coastline, with its strategic location and ample natural coastal and marine resources, continues to grapple with the risk of illegal, unreported, and unregulated fishing (IUU).

The United Nations Office on Drugs and Crime (UNODC) supports countries such as Kenya to devise robust measures to counter the destructive economic and environmental impacts of IUU.

These measures include building the capacity of national agencies to incorporate corruption risk management into their strategies to counter the far-reaching impact of IUU fishing.

In August 2024, Azizi Consulting, under the stewardship of UNODC, facilitated a Corruption Risk Assessment and Risk Mitigation Forum for the Corruption Prevention Committee at the Kenya Fisheries Services (KeFS).

Formulating a Corruption Prevention Policy

The primary objective of the forum held in Malindi, Kilify County, was to support KeFS’ Corruption Prevention Committee to implement high-priority activities in the KeFS Corruption Mitigation Plan launched in 2023.

Azizi Consulting led the session aimed at enhancing the capacity of the participants to develop a corruption prevention policy.

The policy helps not only identify risk areas where corruption instances are likely to occur but also develop risk mitigation plans to address those issues before they take place.

The session also imparted pragmatic skills for improved human resources management.

For more information on Azizi Consulting’s Anti-Fraud/Corruption Risks Training, please get in touch with us at riskmgt@aziziconsulting.com 

For updates and insights on our work and impact, please follow us on LinkedIn at Azizi Consulting