President's Corner 

About

Deborah M. Luthi is a practicing risk manager and president of RIMS

No Boundaries & No Slowing Down!

Thu, Apr 26, 2012 -

As I’ve stated before, I have been a member of RIMS for 32 years and have had the privilege of attending many RIMS conferences – the exact number, well, I've lost count.  This year was, for obvious reasons, extremely special and memorable for me.

 

In addition to the many advantages of attending this world-renowned event (that for many includes meeting with business partners, reuniting with old friends, making new ones, benefiting from the outstanding educational sessions and enjoying the evenings at one or more of the social get-togethers) as President this year, I had the opportunity to experience the conference from the inside, out.

 

The work that goes into hosting an event of this magnitude, and making it flow so seamlessly, is truly a testament to the invaluable efforts of all RIMS Staff and your risk management colleagues on the Conference Planning Committee.  Congratulations to you all and I sincerely thank you for allowing me to be a part of this spectacular event.

 

For our members and, soon to be members, who were unable to attend, pick up your favorite risk and insurance trade publication or online journal and read or watch the more than 150 articles and video interviews about the conference. If traditional media isn’t your thing, do a little back tracking and check out the tweets featuring #RIMS2012 or download our mobile app to get a glimpse of some of the conference highlights.

 

And, just when we thought the hard work was over, planning has already begun for 2013 in Los Angeles (actually, since there are no boundaries, planning is underway for our next five conferences!)

 

In the next couple of months, we will be preparing for our annual RIMS on the Hill (ROTH) event scheduled for June 3-5 in Washington, DC.  This will mark RIMS 14th ROTH conference – a fantastic forum to discuss the most pressing legislative issues relevant to the risk and insurance profession with nationally recognized government affairs experts.  Our featured speaker this year is Stuart Rothenberg, one of Washington’s most highly respected political analysts and the editor of the Rothenberg Political Report.  Details for the conference can be found in the External Affairs section of our website. I'll be there, so I hope to see YOU in Washington D.C.

 

After visiting our nation’s capitol, I will hop on a short flight to Bermuda where I'll be the keynote speaker at Insurance Day Summit 2012. At this conference -- primarily attended by insurance executives, underwriters and reinsurers – I will focus my remarks on ERM and its propensity to help insurers more accurately evaluate their client’s and their potential client’s current exposures…as well as facilitating risk practitioners and insurers to collaboratively and creatively explore underwriting new and emerging risks identified through the ERM process.

 

Speaking of ERM, a few professional development workshops are on the horizon in May including "Enterprise-Wide Risk Management: Developing and Implementing" in Atlanta, as well as “Risk Assessment Methods” in Ottawa; “Mergers and Acquisitions and Risk Management” in New York and “Techniques of Risk Management” in Denver. Registration is open – for members and non -- so sign up now.

 

It’s safe to say that our post-conference “break” is way over.  We have a lot in store for you this Spring and we’re excited to continue to provide you with the opportunities and resources for your - and your organization's - success!

 

Deborah M. Luthi, ARM

RIMS President

Spring Ahead to Philadelphia

Tue, Mar 20, 2012 -

When I began my service as RIMS president for 2012 my predecessors told me that it would be a lot of fun, I would be extremely busy and time would fly by.  They were right on all three accounts. As I write this, the conference is less than 25 days away.  It’s so hard to believe that it’s this time of year again. 

 

I’m writing this President’s Corner Message as I (practically) pack my bags for Japan.  I was honored with an invitation to speak at the RIMS Japan Chapter and Association of Risk Management Japan annual meetings in Tokyo and Osaka. My remarks will focus on the basic principles of an Enterprise Risk Management program, as well as the significant role it can play in helping risk managers protect their organizations against the devastating effects of supply chain disruption. 

 

Key to the success of RIMS is our position as a thought-leader and, to that end, we will continue to explore new opportunities and venues for myself and the board to deliver RIMS’ perspective on issues that are shaping the profession. In addition to engaging in speaking opportunities around the world – that could potentially include travels to Panama, Bermuda and France -- I will continue where past RIMS leaders left off, visiting several of our chapters and attending as many RIMS regional conferences as I can throughout the year.  These forums allow us to REACH – one of my three R’s for the year – new audiences, attract new members, foster chapter growth and align perfectly with RIMS new  strategic goals.

 

Also on the thought-leadership front, in the last few months we have released two new executive reports. 

 

RIMS announced the release of the newly revised Certificates of Insurance Manual in January that offers an in-depth introduction to certificates of insurance and valuable insight on topics that include: drafting insurance requirements; special language and endorsements; and distribution and management. The electronic manual also includes information on the ACORD changes implemented in 2011, as well as convenient checklists and a glossary of commonly used terms.  And, for the first time in RIMS history, the report is available for the Kindle and Nook e-readers.

 

In February, RIMS jointly released an Executive Report -- “ERM Best Practices in the Cyber World” – with partners Identity Theft 911 and the USLAW NETWORK. 

 

As the title suggests, the 29-page “how-to” guide is designed to help organizations successfully manage data risk through an enterprise risk management approach. The report explores:

  • the best data risk management practices, concepts and challenges;
  • the advantages and potential pitfalls of data risk assessments;
  • steps to undertake an attorney-directed assessment project;
  • practical solutions for weathering the cyber storm; as well as
  • possible coverage opportunities under existing or newly available insurance policies.

Both reports are available in the RIMStore and, in the upcoming months, we plan to release a few more reports and white papers. Stay tuned!

 

Cyber risks, supply chain resiliency, natural disaster preparation, workers’ compensation and product liability are just a sample of the risk management issues that will be covered at RIMS Annual Conference & Exhibition next month. This year’s conference – the 50th!  -- will feature extraordinary keynote presentations by famed Oakland Athletics General Manager Billy Beane and business mogul and author of the only authorized biography of Steve Jobs, Walter Isaacson. 

 

Registration for this year’s conference has been fantastic rivaling the success RIMS saw at similar conference locations in Boston in 2010 and Philadelphia in 2005.  Exhibitor turnout has also been terrific, once again making RIMS Annual Conference & Exhibition a can’t miss event.

 

Although “Advance Registration” has expired, for the first time, online registration will remain open leading up to the conference.

 

Every year, our members submit session ideas that were not included in the original program that they believe are relevant and that would be highly beneficial for our attendees. This year’s “Hot Topic” is “Backwards and Forwards: Legal Issues and Cases to Watch from 2011 that will Impact the Future.” Details about this new session and all of our sessions at the conference can be found at www.RIMS.org/RIMS12.

 

We hope that you have already made your plans to join us in Philadelphia and are ready for four-days of exceptional sessions, thought-provoking discussions and exciting networking opportunities.  It “takes a village” to prepare for this annual event and I want to thank ALL RIMS staff for their hard work and dedication to making this conference the best conference yet.  I look forward to seeing you there.

 

Sincerely,

Deborah M. Luthi, ARM

 

 

*Arrangements for the appearance of Billy Beane made through Greater Talent Network, Inc., New York, NY.

 

Setting the Course for RIMS in 2012 and Beyond

Mon, Jan 23, 2012 -
It is with great honor that I write my first President’s Corner Message and introduce myself in this forum to RIMS members and the rest of the risk management community.

These messages are a wonderful opportunity for me to provide my perspective on the state of risk management and the industry, Society happenings and future RIMS events and initiatives. I’m delighted to take over where my colleague and good friend Scott Clark left off.

Just a bit about me: I am the Enterprise Risk Manager for the San Francisco Public Utilities Commission serving 2.5 Million people in the Bay Area with high quality, reliable water and waste water services and providing clean, green power to San Francisco’s municipal operations.

I’ve been a member of RIMS for about 32 years (of course, I was a child risk management prodigy) and on the board for 11 years.  This past year, as Vice President, I served on RIMS’ Finance Committee and Spencer Educational Foundation Committee. I am a member of RIMS Golden Gate Chapter; as well as RIMS Sacramento Valley Chapter, which I helped to co-found in 1991.

During my presidency, it’s my privilege to provide leadership to ensure the Society is in an advantageous position to achieve its goals and, through that achievement, to truly deliver on the Society’s newly developed mission statement: “advancing risk management for your organization’s success.” I strongly believe we can accomplish this by strengthening the Society’s Relationships and Relevance within the industry and with our member’s organizations, as well as expanding the Society’s Reach. These “Three R’s” will frame my presidency.

When I speak about relationships, I am referring to RIMS strategic goals that focus on growing membership and strengthening chapters, and remaining committed to working in tandem with our industry partners.  These relationships are invaluable to the Society and it’s important that we foster them through networking and educational activities such as conferences, committee and volunteer opportunities, chapter and mentoring programs and educational workshops.

RIMS has a competitive advantage in providing risk managers with the most relevant and current information to help them be successful in their jobs.  From expanding the definition and responsibilities of a “risk manager” to recognizing opportunities that add value to an organization, RIMS is and will continue to deliver content that is on the cutting edge.  Throughout the year, RIMS will unveil a variety of resources, educational offerings, reports and more, to ensure the Society provides the thought leadership and tools necessary for risk management success.

Raising the profile of RIMS and risk managers is essential for the organization’s sustainability and growth.  Expanding our reach includes geographical expansion, political advocacy, fortifying new industry and media relationships and increasing our digital and social media presence.  Growth in these areas will support even greater relationships, the development of more resources and knowledge and additional opportunities to benefit our members and chapters.

I, along with my fellow risk managers on the RIMS Board, have set the bar high for 2012 but I am confident that with the support of RIMS dedicated staff, our committed volunteers and chapter leaders and our engaged members that together we can achieve these goals. I look forward to working with you, hopefully meeting many of you personally, and proudly serving as the Society’s 58th President.

Sincerely,

Deborah M. Luthi, ARM

To Continued Success in 2012…

Mon, Dec 12, 2011 -
The saying is true. Time really does fly when you’re having fun. This has been a remarkable year. As President of this Society, I’ve had the privilege to work closely with the RIMS staff, meet many of our chapter presidents and members and represent the Society at conferences around the world. Before I get into my “thank yous,” I wanted to give a brief update on what RIMS has been up to in the last month.

In early November, RIMS held its first-ever ERM Conference. The event was in San Diego and the turn-out was terrific. More impressive was the number of industries and practices that were represented by the risk managers in attendance. The three-day conference was packed with great sessions and industry leaders who shared their experiences implementing successful ERM programs within their companies.

At the conference, we presented the first-ever RIMS ERM AWARD OF DISTINCTION to Paychex, Inc. for its commitment to ERM, as well as the program’s ability to not only protect, but to create and enhance value for the organization. Planning for the 2012 ERM conference is underway and reminders will be sent out soon about nominating a company for next year’s award. We’re also looking for suggestions on where you think the next conference should be – let us know via Facebook.

I recently had the privilege of representing RIMS at two international risk conferences. I attended the Federation of European Risk Management Associations (FERMA) in Stockholm and was the keynote speaker at the Risk Management Institute of Australia’s Annual Conference (RMIA) in Melbourne.

The bi-annual FERMA conference had more than 1,500 attendees with representatives from 21 risk management organizations, 19 countries and approximately 450 corporate risk managers. The conference focused on efforts to integrate the increasingly complex rules governing global compliance and the efforts of risk managers, insurers and brokers to try and make the laws, regulations and rules pertaining to taxation more coherent.

Recently, I gave the keynote presentation at RMIA that focused on the evolution of risk management in the wake of current economic conditions. My speech focused on the practical application of an ERM program or how it wasn’t completely understood – or partially neglected – during the economic crash in 2008. I went on to speak about how it is just as important to have a strong board governance system in place to manage a corporation’s risk strategies.

Also in November, RIMS launched the website for the Annual Conference scheduled for April 15-18 in Philadelphia. Just a friendly reminder that early-bird registration – with early-bird rates – is now open and I hope to see you there.

The theme of my presidency has been to reinforce the importance of our membership by engaging our local chapters. This has always been important to me during my 10 years on the RIMS Board and the four years I served as an officer. I have had some really wonderful opportunities to represent the Society, but I truly believe that the best part about this presidency was sitting down with many of our chapter leaders and talking about RIMS, about what we’re doing right and areas we need to enhance.

Although my term as President has come to an end, I know that our slated incoming President, Deborah M. Luthi, shares my opinion on the benefits of chapter engagement and will continue to keep these lines of communication open.

Finally, I want to thank RIMS staff led by Executive Director Mary Roth. There is really no way to understand the level of support the RIMS President has until you’ve lived it and breathed it. As I traveled across the world representing RIMS, it quickly became apparent how envious other international societies are of the team at RIMS and the value they add.

I want to thank all of our members for their support and feedback. I am not going away. I will remain on the RIMS Board and a member of the Executive Committee for one more year. More importantly, through the remaining years of my career, I will continue to be an active member of RIMS, especially in my local chapter. I also look forward to joining the Society’s Past President Group to help guide RIMS into the future. It is all of our members, the ones who voice their opinions and offer us feedback, that make this organization great.

I wish you all a happy and safe holiday.

Sincerely,

Scott B. Clark, AAI
President
RIMS

RIMS: Paving the way...

Tue, Oct 04, 2011 -

I hope everyone enjoyed their summer and was able to take a little time for themselves, get outside and re-energize for what we think will be an exciting end to 2011.  Despite the beautiful weather – minus a few tropical storms – and all the other summertime distractions, RIMS has been hard at work putting together a Fall and Winter calendar that’s packed with new conferences, workshops, training sessions, webinars and other thought-provoking opportunities for our members.

 

Before jumping into some of the latest news and programming from RIMS, I thought it would be important to call your attention to the Society’s new mission statement and goals.  

 

Stemming from our July Planning Meeting, the Board of Directors along with the RIMS senior staff, have revamped the messaging that defines who we are, what we stand for and where we see ourselves in the future to better reflect changes in the industry. Our new mission statement: “To advance risk management for your organization’s success” truly speaks to how we will align ourselves moving forward.  We have also identified five strategic goals that will touch on themes of membership growth, chapter strength, thought leadership, profile and influence and operational efficiency. The mission statement and goals will influence all aspects of how RIMS responds to the industry and its membership, including everything from the publications we offer, to the sessions we secure for our annual conferences, to the topics our future presidents choose to speak on.

 

One of those topics is Enterprise Risk Management. The RIMS team is actively preparing for the inaugural RIMS ERM Conference 2011. In just over a month (Nov. 1-3 in San Diego), we will host this three-day event that will feature more than a dozen expert-led sessions, addressing some of the most pressing issues affecting risk professionals at every level. Keynoter Nate Booth, author and strategist, will round out the conference with his presentation “Thriving on Change.” The registration deadline is approaching fast.  We hope you’ll be able to join us.

 

In addition to our own national events, I will be travelling this fall to meet with risk professionals from around the world to share the Society’s insight and perspective on some of the most topical risk management issues including Enterprise Risk Management and Strategic Risk Management, cyber risks and natural disaster preparedness. My trips include a speaking engagement in Stockholm for the FERMA Risk Management Forum and Australia for the Risk Management Institution of Australasia’s Annual Conference. I recently visited our local chapter in Anchorage, Alaska, and will soon take-off for our chapters in Quebec and in Northeast Florida.

 

We’re also proud to announce the availability of the RISK PAC Tool Kit. The kits provide RIMS members who are U.S citizens or who have permanent resident status everything from soup to nuts on how to conduct a solicitation – from power point presentations to talking points; to sample invitations and thank yous. This Fall we released the first edition of the RISK PAC Newsletter, giving readers the inside scoop on all RISK PAC happenings. To get your Tool Kit or for questions about the PAC, we encourage our members to contact RIMS External Affairs Director Kathy Doddridge at kdoddridge@rims.org.     

 

October is budget time for RIMS. During the month, we will take a close look at our financials and make sure that RIMS remains focused on providing members with exceptional resources and that our Professional Development programs are appropriately funded so that we can continue to offer an expansive selection of educational and networking opportunities for all risk professionals.

 

Finally, this President’s Corner message would not be complete without acknowledging the groups who orchestrated two highly successful RIMS conferences.

 

In August, RIMS held its 36th Annual Florida Regional Conference in Naples – an event that I have chaired on three different occasions over the past 20 years.  All seven of the Florida RIMS Chapters were well-represented and the conference was a huge success in large part due to the generous chapter members who volunteered their time and efforts to the cause. I’d also like to extend a special thank you to Senator Garrett Richter for joining us at the conference.

 

RIMS Canada Conference 2011, held last month, brought more than 1,200 risk professionals and service providers and 75 exhibitors to the beautiful capital city of Ottawa. The RIMS Canada Council and the Capital Chapter of RIMS did a magnificent job in hosting the event and, as the former board liaison to the Council, I can truly attest to all the hard-work that’s involved in presenting a first-rate event of this magnitude.

 

Congratulations to both groups.

 

We wish everyone continued success in 2011 and will be sure to keep you up-to-date with the latest Society news.

 

A Summer of Change

Wed, Jun 01, 2011 -
RIMS’ staff, volunteers and as well as my peers on the RIMS Board of Directors are still buzzing over the excitement and energy that made RIMS 2011 a great success, and I would like to thank all of you for your contributions and participation. Since leaving Vancouver, I’ve heard from attendees, exhibitors and members that many of them had one of their most productive RIMS conferences in years. We had great attendance numbers that rivaled those of Boston and were very happy to see a substantial presence from the international community—Brazil, Peru, the United Kingdom, Bermuda and, of course, Canada were all well represented. During the conference several key announcements were also made, including the newly formed RISK PAC that I am confident will be a key tool to furthering our influence in Congress, as well as the RIMS definition of Strategic Risk Management.

The next couple of months will build on this momentum as RIMS hosts its annual legislative conference in Washington, D.C., as well as its annual Planning Meeting in July.

Our meetings in DC during RIMS on the Hill will focus on strengthening the Medicare and Repaying Taxpayers Act of 2011; expansion of the Risk Retention Act to include property insurance; and limits on deductibility of reinsurance premiums ceded by domestic insurers to offshore affiliates, included within the “Neal bill.” Ron Brownstein, who you may know from Meet the Press, This Week, Face the Nation, Washington Week in Review and CNN, will also address the group during our Luncheon. If you haven’t registered, I would encourage you to do so. This is an opportunity to really speak to—both literally and figuratively—your representatives in Congress whose legislative choices affect your work on a daily basis.

RIMS Annual Planning Meeting in July will be an especially affecting one, as the Board of Directors and senior staff members will be taking RIMS official mission statement under consideration. The meeting, in New York July 15, 16 and 17, will be a forum for candid discussion about how the changing face of risk and the resulting changing needs of our members require RIMS to evolve. Historically, RIMS has remained a relevant resource for its members by adapting to the changing business landscape and, given the unprecedented changes in recent years to business, our industry and the world at large, now is one of those times that calls for change. During this meeting we will correspondingly be focusing on a three year business plan for our professional development department that will flow from the direction of the newly formed mission statement. A business plan for our Strategic Risk Management model, services to RIMS chapters and membership growth will also be on the agenda.

Related to membership growth, RIMS is in the process of conducting a membership study to identify opportunities for membership changes that would provide added member benefits and expand our potential member market, while maintaining a consistent revenue stream. The research will be completed in October and oversight for the research is being provided by risk managers who are volunteers on the Member & Chapter Services Committee. I know this is a topic of great concern to many of you, and I promise to be very vocal about any developments in this area.

I hope to see many of you later this month in Washington, D.C. As always, I ask for and welcome your input on any of RIMS upcoming initiatives.

Support RIMS' Relief Efforts in Japan

Wed, Mar 30, 2011 -
As you know, one of the largest earthquakes in recorded history struck Japan last week, followed by a devastating tsunami that claimed lives and left countless others homeless and stranded.

When the earthquake hit, I was in Tokyo, having just arrived to attend the Japan Chapter of RIMS’ annual meeting. My partner, Peter, and I were with Yoshi Hamaji, president of the Japan Chapter, when the quake struck and at the time, we didn’t realize the extent of the tragedy. As we were able to receive news updates and the true extent of the devastation became clear, it was difficult for us, as for the rest of the world, to comprehend.

Despite the confusion and chaos that followed, Yoshi and other members of the chapter were committed to ensuring that we were safe and even relocated our scheduled presentation to Osaka, where it did take place. Their dedication to us, to RIMS and to the profession during the most dire of circumstances was truly an inspiration and I would like to publicly thank them for all that they did for us during our stay.

I would also like to take this opportunity to call you to action on behalf of the residents of Japan. As you know, the situation is severe and many in the RIMS and risk management family have been affected, both personally and professionally. An estimate of the economic damage resulting from the disaster has placed the figure as high as $300 billion, and many believe that number could be even higher. I would like to pose a challenge to each RIMS chapter to make a donation toward this important cause. My own chapter, the RIMS Greater Miami Chapter, has authorized a donation of $1,000 and I invite you to match or exceed this as your chapter resources allow. The funds raised will be donated to the American Red Cross toward its relief work in Japan. Donations may be made by clicking here.

Please support RIMS with this important fundraising initiative and make a contribution now. With your support and generosity we can make a very real difference in the lives of our colleagues and friends in Japan.

A Global Perspective

Wed, Feb 16, 2011 -
As I write this, the world’s attention is focused squarely in the Mideast, where political turmoil and a series of uprisings have gripped the region. The protestors in Tunisia and Egypt have affected historic shifts in power within their countries and it seems that the energy of these revolutions is quickly spreading to Yemen and Iran, and possibly beyond.

The implications of these recent events are tremendous and they call to mind a series of risk management issues in the economic, operational and humanitarian realms. For example, shipping has been severely affected in Egypt. In the port of Alexandria, among others, army tanks stand guard to ensure no one enters the area, resulting in a halting of exports that are crucial to the country’s economy. Shipping companies are hesitant to enter the area and if the Suez Canal should close, it would not only be disastrous for a country already in turmoil, but it would also trigger a worldwide shipping disruption. Production plants in the region have also been affected by the situation. Companies such as Nissan, Unilever, General Motors and Heineken have had to halt operations at their plants in Egypt. The nation’s tourism sector has taken a huge hit that is expected to last for some time, as well. As you can see, the effects are far reaching and our discipline is increasingly entrenched in global events, as the business world continues to shrink.

This global reality was also a factor in our decision to take the annual conference to Vancouver this year. RIMS understands that implications for businesses exist on a global scale and we are committed to equipping our members with the skills they need to cope with the increasingly international nature of the discipline. To this end, we’ve developed an impressive speaker and session lineup that will address the pertinent issues facing today’s risk managers. Our program includes more than 120 sessions and the scope of the information to be covered is quite broad. Sessions will explore such issues as cyber risk, energy resources, social media threats and global risk to name just a few. If you haven’t registered for the conference, there’s still time and you can do so here. You can purchase your new RIMS pin, featuring the new logo, prior to the conference here. Members who order a pin prior to April 1 will receive a 50% discount.

Also on the horizon for the spring are a series of regional RIMS on the Hill events in Texas, Florida and California. These events will give chapters in these areas the opportunity to focus on issues that affect them locally and to ensure that their voices are heard within state government. Look for RIMS on the Hill in Austin on February 28 and March 1, and in Tallahassee and Sacramento concurrently on March 8 and 9.

In the membership realm, I am pleased to announce that we are rolling out a Member Benefit Series of podcasts that will focus on 25 of your member benefits and how to ensure you are fully utilizing all the benefits of being a RIMS member. Each podcast will be self-contained and will illustrate how the membership benefit can help you in your day-to-day business activities, the challenges that the particular membership benefit will help you address and how you may access the benefit. I would also like to remind chapter presidents that we will be hosting our first webinar on March 2. Stay tuned for emails from RIMS with details on how you can take part. These webinars are central to my goal of ensuring that RIMS hears directly from chapter leadership and understands the issues you’re facing. I look forward to speaking with you personally in March.

Taking the Reins

Fri, Jan 14, 2011 -
I am honored and humbled to greet you as the incoming president of your Society. The past few years have been some of the most extraordinary for the risk management discipline in recent memory and I am excited to join you in building on this momentum to secure a successful shared future. We face a year filled with many opportunities and challenges, and I look forward to getting started.

As I begin this term, I do so with an eye to RIMS chapters, which I believe have been the backbone of this Society since its founding. I personally began my involvement in RIMS by becoming active in my local chapter and one of the goals central to my presidency will be that of fostering a discourse between national and local leadership. More than increasing your awareness of the vibrant array of resources available to you as a RIMS member, I will be looking for feedback from you and from your chapters about the issues you face and how RIMS can help. To this end, I will be hosting periodic webinars with chapter presidents to ensure that we are well equipped to support you at all levels.

In 2011 I also plan to expand the scope of RIMS’ regional foothold in legislative and regulatory matters. We will continue to be a watchful advocate on the national front, but will also increase the number of regional RIMS on the Hill events. These gatherings allow individual chapters to concentrate on issues that affect them locally and also taps into what I view as one of the most valuable aspects of choosing to be part of this organization—your ability to engage with your fellow risk managers at the chapter level.

On the resource side, I intend to ensure that our offerings speak to risk managers at all stages. Whether you are working in a strategic and enterprise risk management capacity or not, our resources will be sufficiently varied so that you will be able to find professional development tools tailored to your needs.

The coming year will be one of advancement and progress, as illustrated by the new RIMS logo launched last week. We will engage with the international community and devote time to finding pockets of expertise throughout the globe. I will travel to Japan and Australia to discuss risk management issues and solutions with those communities. We will also increase student interaction in RIMS by hosting special events and sessions aimed at student outreach during our annual conference in Vancouver.

At RIMS, your leadership in conjunction with RIMS staff, continue to do everything we can, in every community in which we work, to elevate risk management issues and to serve our members. In order to keep you informed of our efforts, I will be personally speaking to you on a regular basis through the President’s Corner. In addition to serving as a tool for you to stay in touch with RIMS, it is my hope that it will also prompt a dialogue between you, your colleagues and RIMS staff and leadership. Working together, we can and will accomplish great things in 2011.

Thank you again for your commitment to the risk management discipline and RIMS, the Risk Management Society. I look forward to serving and working with the Board of Directors, staff, and with all of you in the year ahead.