FICCI and Global Risk Management Institute are pleased to announce the release of the ‘Model Risk Code’ on Nov 24, 2022, at FICCI Federation House, New Delhi. The Model Risk Code is meant to ‘Enable Faster, Bolder, Risk-intelligent Decisions’ for corporates and be a catalyst to a resilient, agile and future-ready India Inc. The MRC is a practical playbook with best practices and guidelines relating to risk management. It is intended to equip corporates with an enabling tool to implement robust risk management practices. The Model Risk Code initiative is primarily authored by Mr. Subhashis Nath, Founder & CEO of Global Risk Management Institute with guidance from an 18-member Risk Taskforce led by Mr. M Damodaran, former Chairman, of SEBI. Model Risk Code is initiated by: Mr. M Damodaran - Chairperson, Excellence Enablers And Former Chairman, Securities And Exchange Board Of India (SEBI) Mr. Subhashis Nath - Founder & Mentor Of GRMI, SVP & Enterprise Risk & Compliance – Service Line Leader, Genpact Mr. Sidharth Birla - Past President, FICCI & Chairman, Xpro India Limited Mr. Mukesh Bhutani - Founding & Managing Partner, BMR Legal Prof. Rajan Saxena - Former Vice-Chancellor Of The SVKM's NMIMS Mr. Subodh Bhargava - GRMI Board Chairman, former President, Confederate of Indian Industry, former Group Chairman & CEO, Eicher Group and former Chairman, Tata Communications, GSK. Mr. Richard Rekhy - Former CEO Of KPMG India, Current Board Member Of KPMG Dubai Ms. Anita George - Co-Founder, Edhina Capital & Independent Director on the Boards of TATA Sons, First Solar and Piramal Enterprises. Mr. P. Dwarkanath - Former Non-Executive Chairman, GSK Ms. Ritu Chawla Kochhar - Financial Services & PE India Practice Leader, Spencer Stuart