Botswana Accountancy College (BAC) held a ceremony to award 350 graduates with Enterprise Risk Management (ERM) Post Graduate Certificates. Organisational Development Expert Ms Bonang Kwape officiated the award ceremony which was also attended by industry leaders.
“It is always a proud moment for me when BAC answers Botswana’s human capital needs with fully relevant skills for the job market. It also gives me immense pleasure to note that today’s graduates are the 6th cohort leaving the College with enhanced knowledge and skills. The ERM programme itself is designed to enhance strategic management and governance in organisations. The programme adds real value to future careers of graduates and further studies in business and management,” said Mr Michael Lesolle, Executive Director of BAC.
In 2012 the Post Graduate Certificate in Enterprise Risk Management was introduced by BAC with the hope of bridging the skills gap in the Botswana economy with regards to the disciplines of enterprise risk management and governance. It was a matter of global consensus that the global economic meltdown was primarily caused by poor risk management and governance structures. In response BAC established a qualification, which would provide professional executives with the skills to develop and manage risk management frameworks in their organisations.
Ms Bonang Kwape, an Organisational Development Expert, commented, “In the increasingly technologically driven job market of today, challenges and risk merely evolve faster. It is exciting to see that BAC answers these challenges with practical and innovative ways, by equipping graduates with theoretical and practical experience. The ERM certified students graduating today can be expected to enhance their productivity through understanding, evaluating and implementing effective risk management in their organisations.”
The ERM programme which was launched in January 2012 with 150 students in Gaborone has shown tremendous growth in the three years since. Over 1500 graduates have completed the programme with an average enrolment of about 250 per cohort. This is a demonstration of how urgent the market and industry needed these skills, and a validation of the foresight shown by BAC’s management and product development structures.