Good Governance in Risk Management -A Regulatory Perspective

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Governance. The Framework of Authority within which Objectives of the Mandate are pursued.Risk Management operates within this frame work.Governance as a regulatory process by which Regulations are implemented (or not implemented) to form vital interactions between stake holders in the Maritime In

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Good Governance in Risk Management -A Regulatory Perspective

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1. Good Governance in Risk Management -A Regulatory Perspective Dr. Ravi K. Sishta Master Mariner Head of Maritime Facilitation Abu Dhabi Department of Transport (Maritime Sector)

2. Governance The Framework of Authority within which Objectives of the Mandate are pursued. Risk Management operates within this frame work. Governance as a regulatory process by which Regulations are implemented (or not implemented) to form vital interactions between stake holders in the Maritime Industry. From the local condition of Authority that flows from the Regulatory-Port Authority-Port Manager in line with risk. From the local condition of Authority that flows from the Regulatory-Port Authority-Port Manager in line with risk.

3. Stake Holders in Governance Government Port Authority Terminal Operators Ship Owners Cargo Owners Port Security Logistic Service Provider Each of these stake holders have a Mandate to perform (KPI’s), and in doing so generates risk in complex multiplicity. The instrument of the Regulatory regimen deals with this complex multiplicity of risk.Each of these stake holders have a Mandate to perform (KPI’s), and in doing so generates risk in complex multiplicity. The instrument of the Regulatory regimen deals with this complex multiplicity of risk.

4. Good Governance Consensus Oriented Participatory Rule of Law Effective & efficient Accountable Transparent Responsive Equitable All players on board Cross functional Regulations based upon Law Workable Responsibilities for roles Feedback with reasons and opportunities for appeal. Should serve the larger picture. Should be fair along the lines of natural justice.All players on board Cross functional Regulations based upon Law Workable Responsibilities for roles Feedback with reasons and opportunities for appeal. Should serve the larger picture. Should be fair along the lines of natural justice.

5. Risk Management A process of Evaluating the potential impact of risk events upon the perception of a system. Example: A departure from routine Pilotage. An immobilized engine calls for a fresh approach if the Pilotage system is to be perceived as being safe. Does an alternative system exist. Mostly it does. The awareness that it has to be used NOW is generally diluted by the concerns of the very “present” such as getting over ‘with it’ and of course constant routine practices that now need to be revised.Example: A departure from routine Pilotage. An immobilized engine calls for a fresh approach if the Pilotage system is to be perceived as being safe. Does an alternative system exist. Mostly it does. The awareness that it has to be used NOW is generally diluted by the concerns of the very “present” such as getting over ‘with it’ and of course constant routine practices that now need to be revised.

6. Risk Event The awareness of a specific circumstance that significantly alters the well-being of an Authority. The example of a fallen beam into the hold with the resultant loss of life. The event apexes to the Port AuthorityThe example of a fallen beam into the hold with the resultant loss of life. The event apexes to the Port Authority

7. Risk Events in Governance Health Safety Environment As applies to the Maritime Industry. Dock workers and their PSE Marine: Towage safety. Bollard Pull-Stability-Chain of Command. Port Ops: Safe Cargo Handling, Intercarting and Warehousing. Environment: Ships Compliance with MARPOL provision on shipboard Waste, Discharge and Treanment. Oil pollution. As applies to the Maritime Industry. Dock workers and their PSE Marine: Towage safety. Bollard Pull-Stability-Chain of Command. Port Ops: Safe Cargo Handling, Intercarting and Warehousing. Environment: Ships Compliance with MARPOL provision on shipboard Waste, Discharge and Treanment. Oil pollution.

8. Instruments in Managing Risk Events Regulatory Disincentives/Incentives Audits Cross Functionary Participation Regulatory: Priorities in line with Policy. Deterrents : Stiffness in line with frequency of occurrence. Audits: Do we get what we see? X-Functionary Participation from The Insurance industry. From here on speak about expectations.Regulatory: Priorities in line with Policy. Deterrents : Stiffness in line with frequency of occurrence. Audits: Do we get what we see? X-Functionary Participation from The Insurance industry. From here on speak about expectations.

9. Cross Functionary Participation Underwriters and Classification Societies Classification Societies and Exclusive Surveys Institute of London Underwrites and Ship Inspections. P & I Clubs and Flag Administrations in the issuance of Safe Manning Certificates. The reference is CCMM and their recommendations to be elaborated upon as per the above bullet points. This turns into expectations from the Surveys and Marine Insurers that underwrite the risk.The reference is CCMM and their recommendations to be elaborated upon as per the above bullet points. This turns into expectations from the Surveys and Marine Insurers that underwrite the risk.

10. Last Slide!!! Questions???? Thank You for your Attention……

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