Risk Management, PRMIA

Mr. Koenig, along with several other volunteers, formed PRMIA in 2002. Their vision was to solidly anchor the new association in ethical guidelines, transparency, testing standards, courses, and publications that would be better than anything offered by others in the risk profession and always committed to non-profit ideas of service.

Under Mr. Koenig's leadership and supported by volunteers, members, partners, and staff, PRMIA grew from 4,300 members at the end of its first year to an impressive 50,000 members today, spanning more than 180 countries. Throughout these six years, PRMIA has made a tremendous impact on the risk industry, offering the globally recognized Professional Risk Manager (PRM) certification program; providing the highest standard of risk education and training in partnership with leading universities around the world; and holding more than a thousand events throughout its chapter network. Mr. Koenig reached the goals he set out to achieve.

"I am truly honored to have been part of the group that worked to establish PRMIA in service to the risk profession around the world," said David R. Koenig. "This award is shared widely with all who are a part of PRMIA now and who were there at the very beginning."

At the end of September 2007, David stepped down from his professional roles with PRMIA but continues to be involved as a volunteer with the Education and Standards Committee and the Academic Advisory Council. He is now working privately as an advisor to Boards and Executives worldwide and is writing and editing various works on risk management and governance.

Says David Millar, PRMIA Chief Operating Officer, "On behalf of all PRMIA members, staff, and volunteers, we thank David for his contributions to PRMIA and to the risk industry. He played an instrumental role in PRMIA's growth, and his dedication and commitment have left PRMIA poised for continued success."

Past winners of the PRMIA Higher Standard Award include Nobel laureate Dr. Robert Merton of Harvard Business School and Prof. Carol Alexander, Chair of Financial Risk Management and Director of Research at the ICMA Centre, University of Reading.