Page 9 - Risk Management Bulletin February 2024

RMAI BULLETIN FEBRUARY 2024

in place, organizations can mitigate the effects of geo- X Balli, F., Balli, H. O., Hasan, M., & Gregory-Allen, R.
political risks and ensure that they can continue op- (2022). Geopolitical risk spillovers and its determi-
erations despite these obstacles. nants. The Annals of Regional Science, 68(2), 463-
500.
In conclusion, managing geopolitical risk is a complex
X Caldara, D., & Iacoviello, M. (2022). Measuring geo-
and dynamic challenge for organizations. Geopolitical
political risk. American Economic Review, 112(4),
hazards can disrupt supply chains, financial perfor-
1194-1225.
mance, regulatory compliance, brand value, and repu-
X Hailemariam, A., & Ivanovski, K. (2021). The impact
tation. To effectively manage these risks, organizations
of geopolitical risk on tourism. Current Issues in Tour-
must develop a comprehensive risk management strat- ism, 24(22), 3134-3140.
egy that identifies and evaluates geopolitical risks,
develops mitigation strategies, and monitors these X Woods, M. (2022). Risk management in
organisations: An integrated case study approach.
risks continuously. By doing so, organizations can miti-
Routledge.
gate the impact of geopolitical risks and ensure they
are well-positioned to navigate these challenges in a X Anser, M. K., Syed, Q. R., & Apergis, N. (2021). Does
global environment that is becoming increasingly com- geopolitical risk escalate CO2 emissions? Evidence
plex. from the BRICS countries. Environmental Science and
Pollution Research, 28(35), 48011-48021.
References X Anser, M. K., Syed, Q. R., & Apergis, N. (2021). Does

X Bodnar, G. M., Giambona, E., Graham, J. R., Harvey, geopolitical risk escalate CO2 emissions? Evidence
C. R., & Marston, R. C. (2011, March). Managing risk from the BRICS countries. Environmental Science and
management. In AFA 2012 Chicago Meetings Paper. Pollution Research, 28(35), 48011-48021. T

RMAI Activities

Chapters
We are shortly going to open chapters of the Association all over India. The role of the chapters would be to
promote the cause of Risk Management in the local area by organizing workshops, seminars and interactions.
Interested persons/bodies having the urge to promote the concept may contact the Secretary General for
the formalities.
Workshop/Seminars
We shall be conducting workshops and seminars across India on recent Risk Management Developments to
discuss and deliberate on various issues related to Risk Management, Safety, Fraud, Technology and other
relevant areas.
Research/Case study
We are encouraging members to submit case study on various industries which may serve as a road-map to
others and help to adopt best business practices in Risk Management.
Certificate Courses
We ar going to offer certificate courses on Risk Management and allied areas for the members. We have
tiedup with Association of Internal Control United Kindom to offer their courses in India. We have also tiedup
with Chartered Insurance Institute, London to offer their courses in India.
Tie-up with Risk Management Bodies
We have tiedup with the Professional bodies around the world to gain insight about their activities and new
developments in the Risk Management field.

7