The Risk Behind Risk: The Cost of Compliance? by Neil Morling, CFO of EC Harris LLP www.CFOEvent.com

1. The Risk Behind Risk: The Cost of Compliance? The Celtic Manor Resort, Newport | July 2010 Neil Morling, CFO of EC Harris LLP

2. Introduction – Our Challenge Are we honestly capable of putting a precise figure on how much we are currently spending on compliance and risk? Have we strategically questioned the value to the business of this activity or is just a robotic response? This session aims to address the key benefits and the value of risk management rather than perceiving it as a function.

4. client insolvency

5. forex, interest rates

6. claims against poor performance etcand we have an array of well tested risk management strategies which fall within the normal categories of avoid, limit, control or transfer.

8. The tsunami in Japan

9. The volcanic eruption in IcelandAnswer: probably yes

11. Opportunity cost of senior management bogged down in tiered and hierarchical approval processes

13. Alternative strategies for business risk management

15. Alternative strategies for business risk management, again avoiding……

16. The true potential value of risk management, of course avoiding…….

17. Appendices