Monthly Archives: May 2015

Risk Governance Conference in Brussels “Board Governance and Emerging Risks in the 21st Century”

On 10 July 2015, a collaboration between ecoDa, FERMA and AIG, brought together directors, risk managers and insurers from across Europe to share perspectives on the quality of the Risk conversation at Board level and to generate ideas for improving it.

FERMA ecoDa AIG - Risk Governance Conference v2

The Summary Report is now available



Through a mix of expert panels and Q&A sessions, the half-day conference in Brussels looked at two broad themes:

final program

Click above to open the program

How do companies organise,inform and prioritise the Board level conversation on risk?

– In what ways do risk managers and directors interact and communicate? What processes and structures work most effectively?
– What do Boards and risk managers expect of each other? Are those expectations reasonable and what does good look like in the relationship?
– What are the comparative advantages of audit and risk committees as the forum for addressing risk issues in a company?
– What level of competence and awareness of risk do directors need to have to fulfil their obligations?

Are companies correctly identifying the most important emerging risks?
– How are risks identified and defined?
– What tools are available to Boards in selecting which risks to prioritise and focus on?
– How valuable is structured scenario planning?
– How can input from risk experts and scientists be managed most effectively?
– How can Boards proactively manage emerging risks in the light of new regulation, governance and enterprise-wide risk management?

The conference is taking place at a time when the fast pace of innovation is showing the limitations of the risk management processes in place in many companies.

Managing risk in an increasingly globalized, dynamic and complex context demands new thinking and approaches. Getting the conversation on risk right is an existential imperative for companies today.

This major conference highlighted the importance of the dialogue and partnership between risk managers and directors. It provided participants from both sides of the debate with essential insights into how that partnership can be made successful.

What the new face of risk management look like?

Four promising risk managers tell FERMA what skills the risk manager of the future will need Continue reading

Environmental Liability Directive trainings on 18/19 June 2015 in Brussels

ELD Training Details

Click above for ELD training details

Thanks to the support of the European Commission, FERMA will organize on 18 and 19 June 2015 an ELD training in Brussels, provided by professional consultants (EFTEC and Stratus Consultants)

FERMA has now a long involvement working on the developments of the Environmental Liability Directive, attempting to convince the European legislator to not add up new financial and legal requirements to the European industries during the current review.

Since 2010, all EU countries have implemented the ELD into their national legislation. It means that your domestic environmental laws have been shaped by this European law as regards damages to biodiversity, water and soil and the ways to remediate them.

In case of environmental damage, it is therefore crucial for a risk manager to understand and be able to cooperate with local environmental protection authorities in judging if the ELD applies, in assessing and quantifying the damage and in planning a proportionate remediation.

Unfortunately, please note that for logistic reasons, seats are limited to 15 persons and will be granted on a first-come, first-served basis until Tuesday 16 June.

To receive the application form in word format please send an email to or click here for the PDF version.