RISK MANAGEMENT IN-HOUSE SEMINAR

The Simbag sa Emerhensya asin Dagdag Paseguro Mutual Benefit Association (SEDP MBA) Inc. conducted Risk Management In- House Seminar attended by the SEDP MBA staff and Board of Trustees. The Risk Management Seminar was already given for Board of Trustees and Staff for two consecutive years. Ms. Riza Barrameda Internal Auditor of SEDP Inc. and Board Risk Oversight Committee Member of the SEDP MBA gave the seminar last July 22, 2022.

A risk management seminar can be extremely valuable to both the staff and the board of trustees of an organization because it increased awareness of risks that the organization may face. This can include financial, legal, reputational, and operational risks. By identifying and understanding these risks, staff and trustees can take steps to mitigate them and avoid potential problems.

When staff and trustees are better informed about risks, they are better equipped to make informed decisions. They can weigh the potential risks and rewards of different options and make more strategic choices that are in the best interests of the organization.

A risk management seminar can help staff and trustees to develop better processes for identifying, assessing, and managing risks. This can include developing risk management plans, implementing risk mitigation strategies, and establishing protocols for monitoring and responding to risks. This means that everyone is more vigilant and proactive about identifying and mitigating risks, which can help to prevent problems before they occur.

Effective risk management is essential for any organization as it helps to protect assets, reduce financial losses, and improve decision-making.