Bheki Gutshwa’s Post

🗺️As I conclude a remarkable three-year journey at the Banco Interamericano de Desarrollo, I am filled with gratitude for the diverse experiences and insights. 🚢Working in environmental and social risk management has been incredibly rewarding and complex: of course it’s a dynamic environment. 💫Thank you to everyone who has been part of this journey. Stay tuned for updates on my next chapter! #ProfessionalJourney #EnvironmentalRiskManagement #NewBeginnings #Panama #Latam #VUCA

Empowering through Governance! A cornerstone in SAFF's strategic pillars, together we pave the way for excellence! The Saudi Arabian Football Federation (SAFF) believes in the added value of the work done by the Internal Audit Department which contributes to elevating the federation overall governance, risk management, and control environment. #InternalAuditors #InternalAuditMonth #IIAMay #InternalAuditAwareness #شهر_المراجعة_الداخلية #المراجعة_الداخلية

#ThrowBackThursday - One of the key initiatives of the Chartered Risk Management Institute (CRMI), as announced by the President of the Institute and Chairman of the Governing Council, Dr. Ezekiel Oseni at the 2024 #CRMIAnnualConference this year, is the Instiutute's ongoing efforts on sponsoring a Bill at the National Assembly. The bill will mandate every ministry, department, and agency (MDA) to establish a risk management department. This further reaffirms the importance of risk management in every institution. According to Dr. Ezekiel Oseni, the Institute's legislative move is a practical step towards positioning risk management as a fundamental component of governance in Nigeria.

In the reality of global governance and ethical business practices, the scourge of corruption and bribery is seen as a formidable barrier to progress and sustainable development. These insidious crimes are understood to undermine the rule of law and erode public trust, perpetuating inequalities and hindering economic growth on a global scale. In the fight against corruption and bribery, traditional approaches are often found to fall short, necessitating a paradigm shift towards innovative strategies that leverage risk as a catalyst for positive change. One of the key challenges in combating corruption and bribery is the absence of clear victims, making it difficult to quantify the harm caused and seek restitution for those affected. Unlike conventional crimes where victims are readily identifiable, corruption and bribery often involve complex webs of actors and transactions, blurring the lines of accountability and complicating efforts to hold wrongdoers to task. This lack of victimization is seen as posing a significant obstacle to justice and underscoring the need for alternative approaches that prioritize prevention and deterrence over punitive measures. To address this challenge, a forward-thinking approach is considered necessary that reframes corruption and bribery as universal crimes with far-reaching consequences for society as a whole. Innovative solutions can be developed by redirecting attention from individual misconduct to systemic shortcomings and shared accountability, aiming to address the underlying causes of corruption and encourage ethical conduct throughout all aspects of society. This holistic approach is believed to not only foster a culture of integrity and transparency but also empower individuals and organizations to proactively identify and address corruption risks before they escalate into full-blown crises. Central to this strategy is the conversion of risks into opportunities, with organizations and governments being urged to view addressing corruption and bribery as a strategic imperative rather than a compliance burden. Through investment in robust risk assessment tools, training, and whistleblower systems, vulnerabilities can be identified early, internal controls strengthened, and accountability fostered to deter corruption and promote ethical behavior at all levels. Furthermore, by adopting a cooperative approach involving various stakeholders such as governments, businesses, civil society groups, and the public, a unified effort can be established to combat corruption and bribery on a global scale, surpassing geographical boundaries. Through sharing information, enhancing capabilities, and taking collective action, a worldwide coalition of anti-corruption advocates can collaborate to share best practices, coordinate inquiries, and push for policy changes that enhance legal frameworks and institutional mechanisms to address corruption. Corruption and bribery will not be tolerated #corruption #bribery #ethic

🚀 IRMSA Risk Report 2024! 🚀 Essential reading for any leader operating in the African context. It's a comprehensive guide that offers deep insights into the current and emerging risks in South Africa and the broader SADC region. I am honoured to have made a small contribution to this invaluable resource. 📈 **Key Highlights:** - **In-Depth Analysis:** The report provides a thorough examination of the risk landscape, helping us anticipate and navigate potential challenges. - **Expert Contributions:** Featuring insights from industry leaders and experts, the report offers diverse perspectives and actionable strategies for effective risk management. - **Strategic Insights:** Essential for businesses and policymakers, the report offers guidance on building resilient strategies to face uncertainties head-on. A heartfelt congratulations to the entire IRMSA team for their dedication and hard work in producing this outstanding report. Your efforts are crucial in helping us understand and manage the complex risks of today and tomorrow. 🌟 Have you had a chance to review the IRMSA Risk Report 2024? What insights or trends stood out to you? #RiskManagement #IRMSA #RiskReport2024 #Strategy #Business #Innovation #FutureThinking #Resilience

We are very happy to announce that last month, Richard Leather, CEO, visited Saudi Arabia to sign the MOU in partnership with الجمعية السعودية للمراجعين الداخليين – IIA SA for the creation of the GRC Executive Programme. The week-long programme taking place at the Møller Institute in Cambridge will provide experienced internal auditors with strategies and tools for integrating and enhancing Governance, Risk Management and Compliance (GRC) across their organisations. #MøllerInstitute #ExecutiveEducation #LeadershipDevelopment #Compliance #Riskmanagement

Well done to the Institute of Risk Management South Africa - IRMSA team, all the contributors and collaborators ... this report serves as a great reflection point for all decision makers... #riskmanagement #corporateinnovation #corporatesustainability #startupcommunity

#DidYouknow? There is a wrong misconception amongst many that Risk Management is the sole responsibility of a company’s Chief Executive Officer. Risk Management expertise must permeate the entire organization as risks can affect and disrupt any layer of an organization. This is why the Chartered Risk Management Institute of Nigeria has sustained its advocacy on the critical need for institutionalized Risk Management Department in every Ministry, Departments and Agencies (MDAs), while going a step further emphasize the need for the government to activate the development of a national risk management framework for the economy. #OrganizationalGovernance. #RiskMitigation #RiskManagement #EnterpriseRiskManagement #RBDM #GrowthHack #CorporateGovernance #CorporateCulture #RiskAssessment

Watch IRMSA President Bheki Gutshwa discussing IRMSA's 2024/25 Risk Report on eNCA, unpacking the risk landscape in South Africa and detailing some key risks from the report. #RiskManagement #IRMSA https://lnkd.in/dMKJ3Xkf

Keep yourself informed about Tunisia! Join our subscriber community to stay informed on the latest updates on the risk landscape, curated by our expert North Africa team. Click below to begin your journey. #tunisie #tunisia #northafrica #riskmanagement #empowermentthroughinsight