Tata Steel wins award for best risk management practice

Tata Steel has bagged a prestigious award for best risk management practice in the category of metals and mining.

The award was presented to Tata Steel at the third India Risk Management Awards, 2017 held on March 27 in Mumbai for its sincere efforts and constant endeavour towards becoming a risk-intelligent organisation, a company release said today.

Koushik Chatterjee, GED (Finance, Corporate and Europe), Tata Steel and Samita Shah, Group Head, Corporate Finance and Risk Management, Tata Steel received the award on behalf of the organisation from Nassim Nicholas Taleb, author of The Black Swan and an expert risk analyst.

This marks an important landmark in the journey of Tata Steel's Enterprise Risk Management (ERM) and its continuous endeavour towards becoming a risk-intelligent organisation, the release said.

India Risk Management Awards recognises companies that have significantly added to the understanding and practice of Risk Management and have created best-in-class risk management practices and capabilities across business categories.

Tata Steel formally adopted ERM in 2013, with an aim to become a risk-intelligent organisation that supports informed decision making and proactively prepares itself the company to handle unforeseen scenarios, the release added.

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