FICCI-GRMI launches draft 'Voluntary Code on Risk Management for Indian businesses'

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https://indiariskcode.grm.institute/article/press-release

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Trigger

Given lack of industry wide policies and implementation standards around risk management, FICCI and GRMI realized there is a significant opportunity to drive thought leadership in the space.

Vision

To create a Model Risk Code for the Indian industry and to develop effective enablers for practical implementation along with enhancing awareness among corporate leaders on role of risk management in driving sustainable growth.

Genesis

The Risk Taskforce to ultimately transform to an independent “Risk Centre of Excellence” over a 12-18 months period under the aegis of FICCI.

Objectives of the Risk Taskforce

Creating a "Model Risk Code" for the Indian industry

Create a practical risk management guidebook for Boards, Executive and Operating management.

Develop effective enablers for practical implementation of risk management.

Influence policy making and regulations in India in the risk management space.

Continuously increase awareness across corporate leaders on role of risk management in creating sustainable business value.

Our Team

Risk Taskforce

M Damodaran
M Damodaran

Chairperson, Excellence Enablers and former Chairman, Securities and Exchange Board of India (SEBI)

Sidharth Birla
Sidharth Birla

Past President, FICCI & Chairman, Xpro India Limited

Subhrakant Panda
Subhrakant Panda

Vice President, FICCI and Managing Director, Indian Metals & Ferro Alloys Ltd

Prof. Madhu Vij
Prof. Madhu Vij

Academic Council Chair and President at GRMI, Former Senior Finance Professor at FMS Delhi and visiting faculty at IIM Raipur & IIM Jammu

Mukesh Butani
Mukesh Butani

Founding & Managing Partner, BMR Legal

Prof. Rajan Saxena
Prof. Rajan Saxena

Former Vice-Chancellor of the SVKM's NMIMS

Richard Rekhy
Richard Rekhy

Former CEO of KPMG India, current Board Member of KPMG Dubai

Subhashis Nath
Subhashis Nath

Founder & Mentor of GRMI, SVP & Enterprise Risk & Compliance – Service Line Leader, Genpact

Jenitha John
Jenitha John

Former IIA Global Chairperson

Nawshir Mirza
Nawshir Mirza

Former Senior Partner at E&Y LLP (India)

P. Dwarakanath
P. Dwarakanath

Former Non-Executive Chairman, GSK

PR Ramesh
PR Ramesh

Former Deloitte India, Chairman

Prof. Paul L. Walker
Prof. Paul L. Walker

James J. Schiro / Zurich Chair in ERM at St. John’s University

Richard Evans
Richard Evans

Former Chief Risk Officer, Citibank

Ritu Chawla Kochhar
Ritu Chawla Kochhar

Financial Services & PE India Practice Leader, Spencer Stuart

Satyavati Berera
Satyavati Berera

Chief Operating Officer, PwC India

Shardul Shroff
Shardul Shroff

Executive Chairman, Shardul Amarchand Mangaldas & Co Advocates & Solicitors.

Sunil Mehta
Sunil Mehta

Non-Executive Chairman, Yes Bank

Harish Dua
Harish Dua

Former Compliance & Internal Audit Head, Bharti Airtel

Prof. Vinay Dutta
Prof. Vinay Dutta

Senior Professor, Fore School of Management

Vinod Rao
Vinod Rao

National Business Finance Controller, Indus Towers Limited

NG Shankar
NG Shankar

Former Group Executive President - Corporate Audit, Aditya Birla Group

Mr. Jayant Palan
Mr. Jayant Palan

Co-Founder, GRMI & Consultant, Genpact Enterprise Risk & Compliance

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