Reducing the gap between desirables and deliverables

How to tackle enterprise risk and convert it into an opportunity was the subject of a Councilsme roundtable conference hosted by InterraIT at its Noida offices.  Panelists at the event discussed various aspects of managing risk in an enterprise setting including international trade, IPR and trademarks, cyber security, and “trust management,” a major human resources initiative by InterraIT.

Drawn from senior management at prestigious firms such as Ernst & Young, Yes Bank, O P Khaitan& Co, Premier Shiled Group, IIFL and KPMG, participants agreed that enterprise risk management (ERM) is a method that can help organizations manage activities with a view to minimizing risk in the pursuit of business opportunities.

Mr Asoke Laha, founder and chairman of InterraIT, who also serves as vice chairman of Councilsme, described the role his firm plays in managing risk, assuring quality control, and data protection. He said risk management is vital to minimizing financial exposure in times of economic turmoil.

InterraIT CTO, Souvanik Sarkar made an insightful presentation on aspects of IT security. This is an issue that’s become the sine qua non in the management of enterprise-level risk.

In an inaugural speech, Councilsme chairman Vinod Madhok outlined the objectives of the roundtable and the agenda of the discussion. Moderator for the event was Dr S M Dewan, whose experience of two decades in the field includes several board-level appointments. Professor Aman Agarwal of the Indian Institute of Finance concluded the discussions with an excellent summary of the issues presented.