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  • RIMS Acquires Risk Manager of the Year Award Program from Crain Communications Inc.

    NEW YORK (September 26, 2016) — RIMS, the risk management society™, is proud to announce the acquisition of the Risk Manager of the Year Award, an award program that was formerly administered by Crain Communications Inc.’s Business Insurance magazine. Moving forward, the Society will administer the nomination process and programming for both the Risk Manager of the Year Award and Risk Management Honor Roll that are scheduled to be presented at RIMS 2017 Annual Conference & Exhibition in Philadelphia.

    The Risk Manager of the Year program was initiated in 1977 and the Risk Management Honor Roll was added in 1981. Since their inception, the two honors have been bestowed in collaboration with RIMS in an effort to raise the profile of the risk management profession and the outstanding programs practitioners have implemented within their organizations.

    “As the volatility and complexity of today’s risks continue to intensify, business leaders have increased their expectations of the risk management function,” said RIMS CEO Mary Roth. “The Risk Manager of Year program showcases the risk community’s ingenuity and the unquestionable value that strong risk management adds to an organization. RIMS is thrilled to be able to continue the tradition and recognize outstanding practitioners and the dynamic programs they have created.”

    Any full-time professional who administers risk management programs for a corporate, nonprofit institution or government entity is eligible for submission in the Risk Manager of the Year program. The nominations are judged by an independent panel representing prior honorees and other risk management and insurance industry leaders.

    RIMS is currently developing a web presence for the Risk Manager of the Year Award program that will contain additional information about the honor and an updated nomination form.

  • Risk Management's Role in Mergers & Acquisitions

    Risk practitioners' role in an M&A extends beyond uncovering financial savings. This report reviews the importance of understanding the strategy behind the deal, developing and maintaining productive relationships with stakeholders, effective processes for exchanging information and red flags.

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