Glen Frederick receives Donald M. Stuart Award at RIMS Canada conference

OTTAWA, Ontario—Glen Frederick, director of risk management client services-core government and crowns in the risk management branch of the government of British Columbia, was named the recipient of the 2011 Donald M. Stuart Award Monday at the annual RIMS Canada Conference in Ottawa, Ontario.

Presented annually since 1979, the Donald M. Stuart Award is Canada's highest risk management honor, recognizing contributions to the risk management profession.

A veteran of more than 25 years in risk management, Mr. Frederick's achievements include saving the British Columbia provincial government an estimated $1 billion Canadian ($1.02 billion) over the past seven years through the risk management program he oversees.

2010 Winter Olympics ERM program

In addition, the enterprise risk management program he and his staff crafted for the Vancouver organizing committee and International Olympic Committee to manage risks associated with the 2010 Winter Olympics was so successful, the IOC now requires that all future Olympics to use an ERM program based on similar methodology.

“Don Stuart was a true pioneer in risk management, and to have my name linked to his through this award is a little overwhelming,” Mr. Frederick said. He went on to liken his being given an award for risk management to “giving a kid an award for liking candy or puppies,” and said, “I firmly believe that sound risk management strategies are critical to the success of any type of entity.”

Mr. Frederick, who has a lengthy history of service to various Risk & Insurance Management Society Inc. activities, encouraged those attending this years RIMS Canada conference to become active in the organization as volunteers.