Description
OVERVIEW
Corporate risk taking and the monitoring of corporate risk remain top of mind for boards of directors, investors, legislators and the media.
Major institutional shareholders and proxy advisory firms increasingly evaluate risk oversight matters when considering withhold votes in uncontested director elections and routinely engage companies on risk-related topics.
This focus on risk management has also led to increased scrutiny of compensation arrangements throughout the organization that have the potential for incentivizing excessive risk taking.
Risk management is no longer simply a business and operational responsibility of management. It has also become a governance issue that is squarely within the oversight responsibility of the board.
All organizations must grapple with fundamental issues at the heart of governance: who are our stakeholders? What are their objectives?
How can we ensure these objectives are met as effectively as possible? How can we ensure all legitimate stakeholders are treated fairly?
Via organised learning activities (video lectures, quizzes, discussion prompts and written assessments) this course will teach you how to address these questions and how a sound governance structure and comprehensive risk management framework can support you and your organisation in achieving its objectives.
You will consider contemporary ethical issues and devise practical responses to them, and finally, you’ll discover that your future ‘influencing’ challenge will be to encourage all members of your organisation to understand their role in serving your organization’s stakeholders.
BENEFITS
- Analyze governance structures for ensuring that an organisation meets its objectives.
- Apply a risk management framework, having regard to the business context, including the identification of appropriate risk management solutions.
- Identify and respond effectively to ethical issues.
AGENDA
Governance overview
- Models of Corporate Governance
- Accountability of leaders,
- Protection of stakeholder interests
- Setting of objectives
- Risk management Essentials
- Contemporary governance challenges
The distinction between risk oversight and risk management
A lesson from Wells Fargo on risk oversight
The strong institutional investor focus on risk matters
Tone at the top and corporate culture
Fiduciary duties, legal and regulatory frameworks and third-party guidance on best practices
Specific recommendations for improving risk oversight
Legal compliance programs
Special considerations regarding Cybersecurity matters
Special considerations pertaining to Environmental, Social and Governance (ESG) risks; and
Anticipating future risks.
Risk management framework
Misconduct risk
WHO CAN ATTEND:
Board of Directors in every organisation [ private & public]
TRAINING METHODOLOGY:
A highly interactive format, where all delegates will be encouraged to engage and participate, share and gain from each other’s knowledge and experience. The lectures will rely on a bullet-based slide presentation enriched by group discussions around case studies, videos and checklists wherever applicable.
Through a multiple-instructional setting, the goal is to achieve the learning objectives by means of virtual technologies that match personal learning styles and by the inclusion of non-linear learning that aims at the development of just-in-time skills of adult learners.
At the same time and in order to allow participants maximum flexibility of scheduling, the learning will be conducted in an allochronic manner. Using a state-of-the-art training architecture, RMA will combine self-learning with assessments and online discussions.
The pedagogics – adapted explicitly to professionals in full-time work – will help train participants through several experiences: absorb (read); do (activity); intermingle (socialize); mirror (relate to one’s own reality).
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DURATION: 5 Days [ 5 Hours each day]
VENUE: Virtual or Onsite
PARTICIPATION FEE: N200,000 only.
DATE[TBC]: Send enquiry to: info@theriskacademy.org or call: 08021003297;07034248767;09071941111
