Page 48 - DUT Excellence S2 Dec21

MAGUBANE’S BOOK EXPLORES LOVEIN THE ERA OF MAGUBANE’S BOOK EXPLORES LOVEIN THE ERA OF in in in a a a a country that is is a a a a minefield of risks to business the economy and every other aspect of life is highly commendable ”
DUT Chief Risk Officer Mr Sikhuthali Nyangintsimbi said this was the first time that DUT was recognised in in the IRMSA Awards occurring only a a a a mere seven years since the Enterprise Risk Management (ERM) was established (in 2014) “The outcome of of the IRMSA review of of our institutional Enterprise Risk Management (ERM) maturity was was 3 4 as as as the risk culture was was 3 74 both on a a a a a scale of 1 to 5 Specifically the the fact that the the risk culture showed up as as more advanced than the maturity was a a a a a a a a rare feat for any organisation both within the public as as well as as private sectors This demonstrated the the impact of tone at at the the top which is is one area most organisations tend to falter on on on as as well as as our collective impact in in in relation to the coordination of interdependencies ”
noted Nyangintsimbi In addition he he he mentioned that that the the two other aspects that that contributed to to DUT’s competitive edge viz the the extent to to which the the DUT embraces thought leadership or benchmarking as as well as as the quality of its governance documents • Being one of the benchmarking referral-points when sister institutions – and other organisations in in the the broader market – seek to to benchmark on matters pertaining to to Enterprise Risk Management (ERM) • Stakeholder-centricity on on the part of DUT’s ERM Function in in line with a a a market trend where ERM Functions place more emphasis on on understanding the the risks and and embedded-thereon opportunities from more the the perspective of the the University leadership • Seizing opportunities for hosting ERM-focused conferences and doing so fully informed by the reality that a a a a a higher learning institution is meant to be a a a a centre of thought leadership that innovation and excellence spring from the collective cross- pollination of of ideas and continued embrace of of the exploratory posture In closing Nyangintsimbi stated that the ease with which DUT leadership actively supports initiatives when presented for consideration including meaningful input provided with the aim of enhancing the impact of such initiatives constitutes a a a a trend very few organisations could attempt to parallel Simangele Zuma
IRMSA IRMSA acknowledged DUT DUT DUT for the the phenomenal role played in in in promoting risk management Giving out the the the the award to DUT DUT DUT IRMSA IRMSA noted that DUT DUT DUT embarked on on a a a a a a a a journey of deepening the the the risk culture within the the the organisation 46 DURBAN UNIVERSITY OF TECHNOLOGY