Some insights on risk-taking
Life is about risk-taking. For there is no such thing as risk-free. When you do not do something, you carry some risk. When you do something, you carry risk too depending on the decision at hand. The best decision is…
Tag Risk
Crown Beverages Ltd setting the bar in corporate governance
KAMPALA, 31st July 2019: In furtherance of one of its key corporate values, integrity, and good corporate governance, Crown Beverages Ltd conducted a full-day refresher course for the Top Management Team (TMT) on Enterprise-wide Risk Management (ERM), and Business Continuity…
IFRS16 compliance updates
It has been five months since the new leasing standard, IFRS 16 came into effect. Are you ready? The new standard that requires business entities to report on all substantial lease arrangements on their balance sheet was jointly developed by…
Role of the board in Business Continuity Planning and Disaster Recovery (BCP/ DR)
No company should get ready. It should stay ready. That way, there are no surprises. The case of fire at one of Toyota offices in Kampala that led to loss of a brand-new car worth over US $100,000 to fire…
The board’s role in oversight of risks
The board is responsible for oversight. This includes risk management and compliance. Regardless of the type of the company, failure to comply with the laws and regulations of the land presents serious risks to the business. The board executes their…
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