Feature
ANNIVERSARY
Towards new horizons The IRM is thirty years’ old this year. Members past and present reflect on how far it has come and what the future could hold
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ince the inception of IRM over thirty years ago, risk management has evolved to become a core capability in helping organisations navigate the risk environment and enhance decision making,” Jose Morago outgoing Chair of the IRM says. “But an increasingly complex environment and interconnected world requires a fresh approach to risk. As an Institute, our focus is now on defining the success factors of the risk management of the future.” That process is being driven by a major new project – The risk agenda in 2025. Over the coming year, institute members, risk leaders and stakeholders from other professions, regulators and government will be involved in a series of events to determine in what directions the risk profession is likely to travel next. “The next 30 years will certainly be exciting for all of us,” Morago says, “but the profession definitely requires foresight to understand the new set of opportunities and challenges.” Geopolitics, data and technology innovations, demographic change, developments in medicine and antibiotic resistance are just a few of the trends that could transform risk management practices. “Within this context, more than ever, risk management will be critical in preparing organisations and helping them navigate through these changes and to add value to the organisational bottom line,” he says. The IRM’s 30th Anniversary is also a good time to reflect on how far the profession has come – see, Timeline – how the profession has changed.
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There was tremendous excitement when we launched the first IRM training programme and enrolled the first students Enterprise Risk
