What's happening in the KHBC world?
Enhancing ERM in SVG:
CRMA-KHBC and General Employees Corporate Credit Union Ltd.
- 08 September 2024
Following the St. Vincent Co-Operative Bank Ltd.’s recent efforts to strengthen its Enterprise Risk Management (ERM) framework, another prominent institution in Saint Vincent and the Grenadines (SVG), the General Employees Corporate Credit Union Ltd. (GECCU), is now following suit.
GECCU has engaged the Caribbean Risk Management Academy (CRMA) and KH Business Consulting LLC. (KHBC) to assess and enhance its ERM and AML/CFT architecture. This initiative reflects a broader recognition in the region of the importance of robust risk management strategies in navigating increasing global uncertainties and challenges.
As SVG continues to witness the benefits of enhanced ERM, GECCU’s proactive approach further underscores the growing trend of institutions investing in resilience and sustainability. This commitment positions GECCU to better manage risks and maintain compliance while strengthening its operational resilience in a volatile world.
Taking ERM to the SVG Islands: CRMA-KHBC & St. Vincent Co-Operative Bank Ltd.
- 10 March 2024
“In an increasingly volatile world, achieving holistic organizational resilience is becoming the new requisite for corporate strategy and risk management”. ~The McKinsey FERMA Study.
In the last few years, the Caribbean, Central, and Latin America have been characterized by unprecedented negative disruptions and massive global challenges, whereby the resilience of economies has become paramount for sustainable development. This imperative is particularly pronounced for these countries/islands, given their vulnerability to various risks ranging from natural disasters, crime, societal disruptions, and geo-political and economic risks. Adopting robust Enterprise Risk Management (ERM) practices has become a strategic imperative in navigating these complexities, offering a pathway toward transformation and resilience. Additionally, our working world has become highly Volatile, Uncertain, Complex, Ambiguous & Hyper-Connected (VUCA-H). For this reason, securing a Natural Resilience to Disruption has become the primary goal of organizational enterprise risk management.
With that being said, I would like to congratulate the St. Vincent Co-Operative Bank Ltd. because it requires the humility to realize one has something to learn. And I imagine that one reason why the SVCBL engaged us is because of that “intellectual humility”.
~Ken Hackshaw
Taking ERM to Central America!
CRMA, KHBC and the Belize Social Security Board
- 20 February 2024
In February 2024, CRMA-KHBC was engaged to strengthen the ERM Architecture of the Belize Social Security Board in the form of a “3-Day Corporate Governance and Enterprise Risk Management Masterclass Workshop”
CRMA and KHBC sincerely thanks the Belize Social Security Board for engaging us to develop and execute the Enterprise Risk Management (ERM) training workshop for its board and executive managers. It was an absolute pleasure helping your organization strengthen its risk culture, leadership and governance, while also guiding you on your journey towards organizational resilience.
Our hope is that you stay proactive, resilient and anticipatory. Keep “Future Proofing” your endeavours and organization… Cheers and Best Wishes!
KHBC Selected to Strengthen the ERM at CARPHA
- 02 December 2021
As the founder and Managing Director of KH Business Consultants (KHBC), I am proud to share excerpts from an article on KHBC being selected to work with CARPHA to strengthen ERM at the agency. This partnership is even more critical given the role of CARPHA during the current pandemic. You can read the full article at the link below.
“On November 10, 2021, CARPHA signed a contract with KH Business Consultants Limited to strengthen the ERM at the agency. The project, which is expected to extend over a period of six months, includes the development and revision of a number of ERM documents including the ERM policy, a risk register, and an ERM manual. KH Business Consultants will also deal with the capacity building of the agency’s staff in the ERM area.”
“As a regional organization with a public health mandate, CARPHA operates in an environment that is characterized by a high level of uncertainty,” said Dr. Joy St John, Managing Director of CARPHA and able to manage the impact of these uncertainties on the agency’s strategic goals.
ERM will help ensure forward-looking and risk-oriented decisions at all levels of the organization, thereby maximizing profits and avoiding unnecessary losses. “Funding for this activity is provided by the European Union (EU) through the 11th European Development Fund (11th EDF).”
Ken Hackshaw,
https://consultingpress.top/carpha-kh-business-consultants-limited-to-strengthen-enter/