00:00Why Risk Transformation Awards?
00:04The Why Risk Transformation Awards, their first Italian edition,
00:09want to be a moment of comparison within the business community
00:14on the topics of Governance, Risk and Compliance.
00:17They are certainly an opportunity to celebrate Italian realities
00:21that have shown distinctive approaches to risk management,
00:25compliance and sustainability.
00:28This award certainly wants to highlight
00:31the centrality of internal control functions
00:35in the field of business governance.
00:37We, like Why, conduct a survey every year
00:40called Global Board Risk Survey,
00:42which aims to detect the perception of Italian, European and international
00:48reality boards on what is the risk management framework.
00:52In fact, about 60% of the boards of the companies interviewed
00:58detect margins of improvement in the framework of risk identification and assessment,
01:05especially for emerging risks,
01:07while they detect frameworks that are extremely structured
01:11for traditional risks.
01:14So, internal control functions are called to evolve,
01:20and are experiencing a moment of profound change,
01:22also dictated by technological innovation and the continuous evolution of the regulatory trend.
01:27They are functions that must therefore evolve their methodologies,
01:31must innovate their operational approaches
01:34and must expand the skill set of technical skills necessary for their work.
01:40They are functions that, in the near future,
01:43will be called more and more to support the board
01:46in achieving the goals of the board agenda.
01:50They inevitably represent a fundamental pillar
01:54to be able to guarantee a sustainable, transparent and ethical business management.
02:00And above all, they have that fundamental role
02:04of guaranteeing and maintaining the trust of stakeholders
02:09that must necessarily be preserved in what is an ethical and sustainable business context.
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