The Centre for Enterprise Governance is pleased to invite you to the Enterprise Governance Forum featuring guest speaker Tom McLeod, Chief Audit and Risk Officer at RMIT University. One Year in from the Once in a Hundred Year Risk Event – What Were the Risk Management Lessons Learnt?
The Bill and Melinda Gates Foundation produces an annual report which measures the global progress of key health measurements. The report notes that its data partner – the Institute of Health Metrics and Evaluation, an independent global health centre at the University of Washington – had observed that in respect of the Coronavirus disease 2019 (“COVID”) impacts:
- Consider vaccine coverage, which is a good proxy measure for how health systems are functioning … found that in 2020 coverage is dropping to levels last seen in the 1990s.
- In other words, we’ve been set back about 25 years in about 25 weeks.
Additionally the report noted:
- The widest-ranging catastrophe – the one that has spread to every country regardless of the actual spread of the disease – is economic.
- The International Monetary Fund projects that, even with the US$18 trillion that has already been spent to stimulate economies around the world, the global economy will lose US$12 trillion, or more, by the end of 2021.
- That amount of money is impossible to fathom.
- Historical comparisons help:
- For example, in terms of global gross domestic product (GDP) loss, this is the worst recession since the end of World War II, when war production stopped in an instant, one entire continent and parts of another were destroyed, and 3 percent of the world’s pre-war population was dead.
- In those same terms, the COVID-19 financial loss is twice as great as the “Great Recession” of 2008.
- The last time this many countries were in recession at once was in 1870, literally two lifetimes ago.
So what did we learn about risk management through the turbulent days of this wretched virus?
Date: Tuesday, 8th June 2021
Time: 4:00 – 5:00 pm AEST
Where: via Zoom – on registration, you will receive a confirmation which will include the webinar link and password.
Tom McLeod, Chief Audit and Risk Officer | Internal Audit, Compliance, Risk and Regulation
Tom McLeod has extensive Chief Audit Executive and Chief Risk Officer experience as the Global Head of Internal Audit at Rio Tinto – one of the world’s largest and most complex organisations, the General Manager Audit and Fraud at SingTel Optus – Australia’s second largest telecommunications company and the Interim Chief Risk Officer at The Star Entertainment Group – Australia’s leading integrated resort and casino group. He was most recently was the Head, Risk at the Australian Broadcasting Corporation – Australia’s national public broadcaster.
Presently he is the Chief Audit and Risk Officer at RMIT University – one of Australia’s leading educational institutions.
Tom has 25 years global and multi industry experience in risk management, internal auditing, insurable risk financing, fraud and corruption investigations, business analysis, program evaluation, and compliance activities.
Tom is the immediate Past President of a major Australian charity and has served as a Board Member of the Institute of Internal Auditors Australia.
Gary Brady, Centre Director for the Centre for Enterprise Governance.
Any questions on the webinar, please do not hesitate to contact Christine Goodman via email at email@example.com