Management of risk is becoming critical in organizations, more so today when the nation is grappling with mismanagement of funds among other corrupt practices. Corruption has become a real monster that must be addressed by all.”
These were the sentiments expressed this morning by Dr. Evangeline Njoka, MBS during the opening of the Enterprise Risk Management (ERM) validation workshop being held at the Kenya Wildlife Service Training Institute, Naivasha. The workshop is being attended by senior management, led by the Secretary General, and risk champions who have identified the Commission’s risks and established controls to address them.
In her opening remarks, the Secretary General also appreciated the contribution of Mr. CPA Jared Odhiambo from Oguda and Associates, who had worked alongside staff in developing the risk management framework.
Risk management has become a critical function in both private and public sectors with emphasis now being placed on adoption or risk conscious practices that address stakeholder interests. Thus, the process of developing the risk management framework will enhance the Commission’s reputation and assist in decision-making, planning and allocation of resources. During the Financial Year 2018/2019, KNATCOM has been working to link the identified inherent and residual risks to the business (strategic) strategies for enhanced performance. By integrating the enterprise risk management into operations, the Commission is desirous of creating an effective control environment that promotes integrity and professionalism at all levels.
The validation workshop which was officially opened today, will close on 8th March, 2019.