Governance, risk and compliance

Program Goals

• Understanding risk management, its application and context within the organization.
• Understanding how risks are identified, assessed and managed
• Supporting strategies, business strategies, operational strategies, and enterprise project strategies.
• Appreciating the importance of the risk management process
• Providing a brief overview of traditional global processes, guidelines and standards
• Explaining how to use structured thinking and critical thinking to solve risk management problems
• Explaining how to develop and evaluate risk management alternatives to support better risk management decisions
• Explaining why risk management is one of the primary elements used in achieving business goals and KPIs
• Communicating effective risk management features to your team

Program themes

The first theme:

• The intellectual framework for the concept of corporate governance
• Objectives and concepts
• Principles and rules of corporate governance
• The added value of organizational governance: How do we benefit from governance and how does it work?
• Principles of the Organization of Economic Cooperation and Development (OECD) governance.
• The importance of governance for the organization and investors.

The second theme:

• Risk management: key principles, concepts, definitions and objectives.
• The cycle and steps of the risk management process.
• Types and divisions of risk management.
• Risk Control Self-Assessment.
• Self-assessment methodology for risk management.
• Basic risk indicators.

The third theme:

• Key performance indicators.
• Business Continuity Plan – Contingency Plan and the difference between them.
• The role of the internal audit department in the success of governance.
• Internal audit department: responsibilities, tasks and goals.
• The modern thought of internal auditing: internal audit from a risk perspective.
• The role of the Compliance Department in the success of governance.

The fourth theme:

• Governance Committees.
• Audit Committee – terms of reference and tasks.
• The role of audit committees in supporting the implementation of organizational governance.
• Risk Management Committee.
• Nomination and Remuneration Committee.
• Social responsibility of organizations.

The Fifth theme:

• Challenges and difficulties in implementing governance.
• External parties and organizational governance.
• External auditing.
• Insider parties and organizational governance.
• Internal Auditing.

Target group

• Board members and chief financial officers
• Senior management directors, executives, finance directors, and financial controllers
• Accounting, finance and legal advisors’ staff
• Company secretaries, attorneys, and external and internal auditors
• Human resource managers
• Compliance, governance and risk management departments staff and department heads.