Risk managers moot conference to discuss challenges for local firms

Risks can arise from various sources, including operational issues, fraud, cyber-attacks, regulatory non-compliance, governance failures or natural disasters. [iStockphoto]

Local companies have been urged to build resilient systems to combat the risks that could potentially jeopardise their operations, reputation, and financial performance.

In a statement on Monday, the Institute of Risk Management (IRM) East Africa urged firms to establish resilient systems as economies are fast becoming globalised.