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IRMSA Breakfast Presentation - Durban 7 November 2013
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A practical approach to risk appetite and tolerance

2013/11/07
When: 7 November 2013
07:00 AM
Where: Suncoast Conference Centre
1 Battery Road
North Beach
Durban, Kwazulu Natal  4025
South Africa
Contact: Bronwyn Blyth


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A practical approach to Risk Appetite and Tolerance  

Eskom’s approach to risk appetite and tolerance may not be flawless, however it is practical, tangible, understood, and applied. 
In the absence of a definitive risk appetite statement, multiple views will exist. 
A definitive risk appetite and tolerance will help in creating a framework for better decision making, reducing surprises and facilitating better achievement of objectives, whilst respecting stakeholders views. Understanding both appetite and tolerance levels with sufficient granularity will enable improved management of risks, quality of inputs into resilience processes and significant progress on the journey to becoming a risk intelligent and resilient organisation.

 

About the Speaker:

Les Carlo’s thirty year career at Eskom has been varied, beginning in 1983 as Chief Engineer of Eskom’s then Orange Free State Region. Since 1986 he has held roles such as Engineering Manager, Business Strategy Manager, and Telecommunications Operations Manager.
In 2005 he was seconded as the Acting Chief Executive and Executive Director of Telecom Lesotho, an Eskom subsidiary. On his return to South Africa in 2008, he was promoted to the Chief Executive Officer and Executive Director of Eskom’s Roshcon and Rotek subsidiary companies; and as Chief Operating Officer of Eskom Enterprises SOC Ltd.
Les is currently Eskom Holdings Limited’s General Manager for Risk and Resilience, and has held this role since October 2011.He is a Fellow of the Institute of Engineering Technology (UK) and the South African Institute of Electrical Engineers; and holds a Doctor of Engineering from Warwick University in the UK.
Les currently serves on the IRMSA Executive Committee

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