CII announces formation of task force and risk management

The task force will examine policy, reports, regulatory notifications on general or particular aspects of business continuity and risk management principles

Confederation of Indian Industries announced the formation of its task force on BCM and risk management today, and set its focus to guide and promote services offering in the area of business continuity management and risk management, which in turn would help industry.

The CII task force on business continuity and risk management will examine policy, reports, regulatory notifications on general or particular aspects of business continuity and risk management principles, issued by ministries, regulators, or special bodies and assess their impact on industry and  will take necessary action.

The task force would look at developing a PPP model to enhance and create learning platforms for all stakeholders, particularly industry, where new developments and best practices are shared.

S Mahalingam, chairman of CII task force on BCM and risk management, and executive director and CFO, Tata Consultancy Services said, “CII has always been at the forefront of taking steps to offer new systems and process for its member companies. We believe that the time is right to build and ensure that there is greater awareness and education on the subject of Business Continuity and Risk Management within Indian Industry.”