Risk management a priority

According to the 8th annual 'What Directors Think' survey recently released by PriceWaterhouseCoopers, directors are very focused on risk management, says Reuters.

Research by PriceWaterhouseCoopers found 69% believe their risk as a director has increased during the prior 12 months; a substantial jump from the 38% who answered so in 2008. Some 75% of directors surveyed also state that responsibility for risk management rests with the full board.

Catherine Bromilow, a partner in PricewaterhouseCoopers' corporate governance group, says: "Directors' focus on risk management is particularly timely, given our expectation that companies will have to provide new disclosures about their boards' risk oversight in upcoming proxy statements."

Following the Professional Development Programme it's been found that Uganda has a shortfall of over 1 500 accountants, states New Vision Online.

The Professional Development Programme aims to address areas of good governance, risk management, taxation, management, ICT, financial reporting, control and management, and implications of budget reports.

Gerald Kasanya, CEO of the Institute of Certified Public Accountants of Uganda, says: “Professional accounting is a key management area in the development of any business. Unfortunately, in Uganda we still lack in numbers but we are striving to ensure that it is increased to support this cardinal segment of human resource.”

McAfee has appointed Stuart McClure as senior vice-president and GM of its risk and compliance business unit, reports Business Wire.

In his new role, McClure will assume overall responsibility for the risk and compliance product line, including sales, engineering, product management, product marketing, strategy, quality assurance and customer support.

“The risk and compliance business unit was formed to accelerate McAfee's position in the rapidly growing governance, risk and compliance segment,” says McClure.