Prof. Rajan Saxena, Former Vice-Chancellor, SVKM's Narsee Monjee Institute of Management Studies (NMIMS), on Views and perspectives around the need for improved risk management and practical tips on "Risk management — making it real”, for the India Risk Code Initiative by GRMI and Federation of Indian Chambers of Commerce & Industry (FICCI)

The trigger of the initiative: 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.

The vision of the initiative: 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.