ICSA: The Governance Institute is considering the recent and forthcoming changes in the regulatory environment and how they will affect businesses at this year’s annual conference for governance, risk and compliance professionals. Taking place at the Sefton Hotel on 11 May 2016, the conference will also focus on the risks posed to business by the people they employ and how human behaviour influences business success.

Dan Elliot, Security Integration and Transition Consultant will be looking at the Isle of Man’s strategy to diversify the economy through investment in more e-commerce and digital currencies. He will highlight some of the governance implications and cyber security risks to be aware of when investing in new IT infrastructures, as well as providing an overview of some recent developments in regulation.

John Hurrell, Chief Executive, AIRMIC will explore how critical people issues can lead to major behavioural shortcomings which can expose organisations to significant risks.

Dennis Tourish, Professor of Leadership and Organisation Studies, Royal Holloway, University of London will consider the causes of dysfunctional leadership in organisations, what can be done to prevent it and how to produce more effective relationships between leaders and followers.

Other speakers and topics to be addressed include:

• Roxanne Oldham, Isle of Man Financial Services Authority, who will speak about regulatory changes to include Crowdfunding which is due to come into force in May 2016 and the Alternative Banking Regime. Roxanne will also consider the recent merger of the Financial Supervision Commission and the Insurance and Pensions Authority
• Peter Swabey, Research and Policy Director, ICSA who will consider the potential implications for businesses on the Isle of Man of the new Small Business Enterprise and Employment Act 2015 which requires UK companies to submit a register of Persons of Significant Control to Companies House, regulation which is designed to increase transparency around ownership and control
• Karen Ramsey, Isle of Man Government Cabinet Office who will take a look at the Isle of Man’s most recent MONEYVAL assessment, including areas of special interest and the chosen industries identified by the assessors for further evaluation in terms of their anti-money laundering measures
• Simon Osborne, Chief Executive, ICSA who will be discussing how after 125 years of existence ICSA continues to lead the way on promoting and developing best practice in governance

“As well as providing practical advice on governance issues such as board effectiveness and risk management, the conference is the perfect place to hear about updates on the latest changes in regulation relevant to those working in governance roles in the Isle of Man,” says Christine Clucas, ICSA Isle of Man Branch Chair.

Photo - Peter Swabey, Research & Policy Director, ICSA