(MENAFN - Khaleej Times) The enterprise risk management department at the dubai electricity and water authority (dewa) in partnership with the uk institute of risk management hosted the developments in enterprise risk management conference 2014 in dubai.
saeed al tayer during the conference in dubai. — supplied photo
part of dewa’s risk management challenge for the department responsible for tracking and identifying methods to mitigate risks the enterprise risk management conference highlighs the best practices in the field by implementing suitable mechanisms.
“dewa organised this conference to support the directives of his highness shaikh mohammed bin rashid al maktoum vice-president and prime minister of the uae and ruler of dubai to achieve the highest standards of excellence in public performance and improve the competitive capabilities of all government authorities and departments to promote dubai’s position as a global hub for trade finance and tourism” said saeed mohammed al tayer managing director and ceo of dewa.
“the conference aims to review the policies and experiences related to enterprise risk management as well as identify the best practices in this field. this comes as a result of the developments that have occurred over the last ten years in how international businesses have changed their corporate strategy and enterprise risk management practices to adapt to changes in their internal and external work environments” he said.
“this has resulted in many changes to corporate strategies and the re-organisation of erm structures worldwide. the conference identified and focused on the best global practices adopted in enterprise risk management and accountability in organisations.
this provides the means to achieve our strategic objectives through a proactive approach to examine and evaluate risks as well as prioritising and monitoring them across dewa” added al tayer.
he further noted: “since its formation two years ago dewa’s enterprise risk management department has succeeded in investigating identifying and studying all the risks across dewa’s various divisions and the solutions to mitigate them as well as setting up the necessary plans and strategic objectives. these efforts and endeavours have resulted in our starting work on management of procurement and supply chain management with the support and recommendations of the higher enterprise risk management committee.”