Board Governance, Risk and Compliance Training

Why Attend

This comprehensive 5-day course is designed to equip board members and professionals with the knowledge and skills necessary to understand and effectively manage governance, risk, and compliance within their organizations.

Description

This comprehensive 5-day course is designed to equip board members and professionals with the knowledge and skills necessary to understand and effectively manage governance, risk, and compliance within their organizations.

Throughout this training, we will delve into the essential concepts and practices of governance, risk management, and compliance. We will explore the critical role of the board in overseeing and guiding these areas, ensuring that organizations operate ethically, adhere to legal requirements, and effectively manage risks.

Course Objectives

By the end of this program, you will:

1. Gain a solid understanding of Governance, Risk, and Compliance (GRC) and its importance for organizational success.
2. Understand the fundamental principles of corporate governance, including board structures, roles, and responsibilities.
3. Familiarize yourself with key governance guidelines, frameworks, and standards, enabling you to align your organization's practices with recognized best practices.
4. Develop a comprehensive understanding of the risk management process, from risk identification and assessment to mitigation and monitoring.
5. Acquire knowledge about compliance management, including relevant legislation, such as the Companies Act , and develop skills to implement effective compliance programs.
6. Learn from real-world case studies and engage in interactive discussions to apply the concepts learned in practical scenarios.
7. Obtain practical tools and strategies to enhance governance, risk management, and compliance practices within your organization.

The Course Content

Day 1: Introduction to Governance, Risk, and Compliance

• Understanding the Basics: Defining Governance, Risk, and Compliance (GRC)
• Importance of GRC for Organizations
• Role and Responsibilities of the Board in GRC
• Key Benefits of Effective GRC Practices
• Introduction to the Training Program and Learning Objectives

Day 2: Corporate Governance

• Fundamentals of Corporate Governance
• Board Structures and Composition
• Board Roles and Responsibilities
• Board Committees and Their Functions (e.g., Audit Committee, Nominating and Governance Committee)
• Best Practices in Corporate Governance
• Case Studies and Interactive Discussions

Day 3: Governance Guidelines, Frameworks, and Standards

• Overview of Major Governance Guidelines and Codes (e.g., King IV Report, OECD Principles)
• Frameworks for Effective Governance (e.g., COSO ERM, ISO 31000)
• Understanding Governance Standards and Their Application
• Aligning Governance Practices with Organizational Goals
• Assessing and Enhancing Governance Performance

Day 4: Risk Management

• Introduction to Risk Management
• Key Elements of Risk Management Process
• Identifying and Assessing Risks
• Risk Mitigation Strategies and Controls
• Monitoring and Reporting on Risks
• Integrating Risk Management with GRC Frameworks
• Case Studies and Practical Exercises

Day 5: Compliance Management and Relevant Legislation

• Overview of Compliance Management
• Understanding the Companies Act  and Its Impact
• Key Compliance Requirements and Obligations
• Developing and Implementing an Effective Compliance Program
• Compliance Monitoring and Reporting
• Ensuring Ethical Conduct and Preventing Fraud
• Case Studies and Best Practices in Compliance Management

Who is this Training Course for?

This course on Board Governance, Risk, and Compliance is designed for a specific target audience, which typically includes:

1. Board Members: The training program aims to equip board members with the knowledge and skills necessary to fulfill their responsibilities effectively. It will enhance their understanding of governance principles, risk management practices, and compliance obligations, enabling them to make informed decisions and provide strategic guidance to the organization.
2. Senior Executives and C-Suite Leaders: The course is beneficial for senior executives and leaders within an organization. It will help them comprehend the complexities of governance, risk, and compliance and enable them to align their strategic goals with GRC frameworks.
3. Risk and Compliance Professionals: Individuals working in risk management, compliance, and audit functions will find this course valuable in expanding their knowledge of best practices and gaining insights into the board's perspective on GRC matters.
4. Legal and Compliance Officers: Legal and compliance officers responsible for ensuring adherence to relevant legislation, such as the Companies Act , will benefit from the course's focus on compliance management and understanding legal obligations.
5. Business Leaders and Managers: Business leaders and managers from various departments will find value in this training as it fosters an awareness of governance principles and risk considerations that impact decision-making across the organization.
6. Consultants and Advisors: Consultants and advisors providing GRC-related services to organizations can enhance their expertise and stay up-to-date with the latest trends and best practices through this training.

Overall, the course is suitable for professionals seeking to deepen their understanding of governance, risk, and compliance, and those who wish to contribute more effectively to their organizations' GRC initiatives. The content is designed to be accessible to participants with varying levels of experience in the field.