Corporate governance and risk management

Upon completion you will be able to:

•    understand corporate governance concepts and the different approaches to governance in organisations operating in different sectors
•    appreciate the links between governance failings and current requirements
•    list key governance codes and requirements that exist within the UK and internationally
•    describe the key processes that are included in a risk management framework
•    appreciate the benefits of embedding risk management within an organisation and how this may be achieved
•    describe internal control frameworks and the links that exist between corporate governance, risk management and internal control
•    distinguish between the various roles that are essential for effective governance and risk management, including the roles of external parties.

Corporate governance concepts and approaches
•    definitions and terminology
•    stewardship, agency and stakeholder theories
•    voluntary and mandatory codes and requirements.

Corporate governance frameworks and codes
•    chronology of the development of corporate governance
•    example governance codes and guidance – UK and international.

Governance roles
•    role and composition of the board
•    board subcommittees
•    non-executive directors
•    role of management
•    monitoring and oversight functions
•    contributions from assurance providers
•    stakeholder involvement.

Organisational governance failures
•    case studies
•    themes in governance failures
•    reputation – importance and impact.

Risk management frameworks and standards
•    risk management concepts and terminology
•    example risk management frameworks and standards.

Risk management roles and responsibilities
•    role of the board
•    role of risk committees
•    risk management policy
•    role of management
•    role of functional experts
•    monitoring and oversight functions
•    contributions from assurance providers
•    stakeholder involvement.

The risk management process
•    risk identification methods and techniques
•    risk analysis and evaluation
•    risk appetite and risk-taking preferences
•    responding to risks.

Embedding risk management
•    objectives for embedding risk management
•    benefits of embedded risk management
•    tools and techniques for success.

Internal control frameworks
•    good practice control frameworks
•    relationships between governance, risk management and internal control.

Assurance concepts
•    subject matter for assurance
•    providers and recipients of assurance
•    internal audit’s assurance and advisory roles.

Governance and risk management trends
•    corporate social responsibility
•    influence of technology developments
•    stakeholder interests and engagement.

• Performance