{"id":50776,"date":"2017-07-24T10:20:25","date_gmt":"2017-07-24T08:20:25","guid":{"rendered":"http:\/\/www.times.mw\/?p=50776"},"modified":"2017-07-24T10:20:26","modified_gmt":"2017-07-24T08:20:26","slug":"firms-challenged-on-risk-management","status":"publish","type":"post","link":"https:\/\/archive.times.mw\/index.php\/2017\/07\/24\/firms-challenged-on-risk-management\/","title":{"rendered":"Firms challenged on risk management"},"content":{"rendered":"<p>Local business operators have been urged to be proactive in risk management as they are susceptible to shocks facing others on the market due to globalisation.<\/p>\n<p>A Senior Risk Consultant at Marsh Africa, Thuli Mpaza, made the call during a half-day training workshop for local businesses organised by insurance and risk management consultancy firm, Marsh Malawi.<\/p>\n<p>She said, following their exposure to the global market, local businesses need to be proactive and systematic in risk management.<\/p>\n<p>\u201cRisk management is critical because we are exposed to more than what we face in our offices as we are operating in a global world. Risk management functions should help businesses make radical decisions,\u201d she said.<\/p>\n<p>In his remarks, Marsh Malawi Managing Director, Oscar Mpando, said the local industry has in the recent past made positive strides in embracing changes in approach to risk management.<\/p>\n<p>He, however, called on businesses to be holistic and look beyond insurance as a risk management tool.<\/p>\n<p>The forum attracted key players in the sector, including Malawi Stock Exchange-listed National Bank of Malawi, Electricity Generation Company (Egenco) and Press Cane.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Local business operators have been urged to be proactive in risk management as they are susceptible to shocks facing others on the market due to globalisation. A Senior Risk Consultant at Marsh Africa, Thuli Mpaza, made the call during a half-day training workshop for local businesses organised by insurance and risk management consultancy firm, Marsh [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":50780,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-50776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/50776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=50776"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/50776\/revisions"}],"predecessor-version":[{"id":50784,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/50776\/revisions\/50784"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/50780"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=50776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=50776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=50776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}