CPA Australia and ASSOCHAM partner for global summit on the Future of Business Resilience & Risk Mitigation
As part of CPA Australia’s vision to drive partnerships and knowledge sharing in the region, the event brought together policymakers, business leaders and financial experts to explore cutting-edge strategies for building risk-resilient, future-ready businesses.
With the rapid evolution of technology and an ever-changing risk landscape, the summit fostered a dialogue among key stakeholders about innovation and risk management and leveraging technology to develop actionable strategies for business growth.
The summit featured distinguished speakers and guests including Dr. S. Selvakumar, Principal Secretary, Commerce and Industry Department, Government of Karnataka; CA Dr. Ashok Haldia, Chairman, ASSOCHAM National Task Force for Accounting Standards, Sustainability Accounting and Integrated Financial, Reporting and Former Secretary, Institute of Chartered Accountants of India (ICAI); S Sampathraman, Chairman and Managing Director, DPK Engineers, and Past Chairman, Karnataka State Development Council.
Dr. S. Selvakumar, Principal Secretary of the Ministry of Commerce and Industry, emphasized the urgent need for skill development in his address, stating, “Focusing on skill development is critical to ensure our talent remains resilient and capable of mitigating business risks.”
In a keynote address to the invited guests, Gavan Ord, Lead for Business Policy at CPA Australia, noted that as per a recent survey by the organisation in the Asia Pacific region, “India is leading the AI adoption trend in the region”, Gavan added to his keynote.
Mr. Rakesh Rajan, Chief Digital Officer, Reserve Bank Innovation Hub spoke on the survey insights presented by Mr. Gavan, specifically talking about growing AI adoption in India, he stated, “India is a vast country and is doing well in terms of AI adoption. In the banking sector, there is vast amount of data and by using AI and Machine Learning we can identify transactional patterns and behaviour of customers to mitigate risks.”
The summit included insightful sessions on how to balance innovation and security for building risk-resilient businesses, and critical role that leadership play in digital transformation and risk governance.
The session on the transformative role of AI and digital tools in reshaping risk management and driving business growth was moderated by Mr. B S Shantharaju, Chaiman of the Board and independent Director, Re- Sustainability Ltd. It featured insights from experts such as Mr. Rakesh Ranjan, Chief Digital Officer, Reserve Bank Innovation Hub, Prof. Padmini Srinivasan, Chairperson, Centre of Corporate Governance, and Sustainability, Indian Institute of Management-Bangalore.
The session on leadership’s critical role in navigating digital transformation while addressing cybersecurity and operational risks was moderated by CA Dr. Ashok Haldia, Chairman, ASSOCHAM National Task Force for Accounting Standards. The panel included perspectives from Mr. Hersh Shah, Ms. Jyotsna Belliappa, Founder, BlueSky Sustainable Business, and other luminaries.
The summit underscores CPA Australia’s vision to collaborate with industry, governments, and professionals to share knowledge, identify industry trends and empower professionals.
CPA Australia is committed to supporting business professionals globally by providing the tools, expertise, and networks they need to navigate challenges, embrace opportunities, and shape a limitless future.
