Course Methodology
The course is built on presentations by the instructor and the participants and includes exercises and case studies to be discussed in the training.
Course Objectives
By the end of the course, participants will be able to:
- Define corporate governance and its relation to risk management and internal controls
- Explain the roles and responsibilities of the various stakeholders in a private or public organization
- List the functions of corporate governance and differentiate between the various models
- Identify the areas of risk management and changes in its internal and external environments
- Determine the proper controls to be implemented in various business cycles
Target Audience
Board members, chief financial officers, senior management, directors, finance managers, financial controllers, accounting, and finance personnel. The course also benefits legal counsels, corporate legal advisors, corporate secretaries, lawyers, external and internal auditors, HR managers, and department heads.
Target Competencies
- Structuring the board of directors
- Analyzing board committees
- Improving risk monitoring and control
- Assessing and analyzing risks
- Controlling risks
- Reporting risks
- Advising on the GRC system
Governance, Risk and Compliance (GRC)
- Introduction to GRC
- Corporate governance principles
- Corporate Governance Benefits
- Implementing and enforcing the code of conduct
- Independence of the board
- The stakeholders
Building Efficient Governance
- Directors’ duties and rights
- Causes of governance failure
- The efficient board
- Selection and remuneration of the board
- Evaluation of the board
- Analyzing corporate governance
- Communicating and implementing corporate governance
Risks in the Corporate Environment
- Introduction to risk management
- Risk management definitions
- Internal environment analysis
- External environment analysis
- Benefits of risk management
Risk Management Process
- Internal environment
- Objectives
- Risk identification
- Risk assessment
- Risk controls
- Risk monitoring
- Communication
- Risk categories
Compliance Success Factors
- Definition of compliance
- Compliance Implementation
- ISO guidance on compliance
- Risks of compliance failure
