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3:24 pm - Wednesday April 22, 1457

Tata Power wins two awards at CRO Leadership Summit 2017

Agencies, Mumbai

Energy Major,Tata Power has bagged two prestigious awards at the recently concluded CRO Leadership Summit and Awards conducted by UBS Transformance at J W Marriott Hotel in Mumbai.

Tata Power won the Risk Management Team of the Year 2017, while Parshuram Date from Tata Power was awarded CRO of the Year 2017 in the Power Sector.

The chief risk officer (CRO) or chief risk management officer (CRMO) of a firm or corporation is accountable for enabling the efficient and effective governance of significant risks, and related opportunities, to a business and its various segments.

This includes strategic, reputational, operational, financial, or compliance-related issues. The CRO Leadership Summit and Awards brought together top CROs who shared their knowledge on this critical subject. The summit showcased proactive, productive, and innovative approaches to risk management frameworks, functions and process.

Commenting on this achievement, Mr. Anil Sardana, Managing Director and CEO, Tata Power, said, ‘Tata Power is deeply committed to creating stakeholder value by driving innovations across processes including managing risks.

Regulatory compliance and risk management have become increasingly important for organizations across sectors and we are very happy that our efforts in this aspect have been awarded by CRO Leadership Summit and Awards.

We will continue to work towards by building our capabilities on risk management , business continuity & disaster mitigation.’’

The summit also witnessed CROs discuss futuristic risk management topics like the future role of CROs, future of risk and its impact on CRO, where do company and CRO goes wrong in Implementing ERM, and big data and risk management: Measure, Monitor, Benchmark amongst others.

Posted in: Business

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