Course Objectives
Corporate governance and risk management are critical topics attracting more attention in business schools and legislative bodies in public and private organizations. While there are different corporate governance and risk management models, all aim to control risks effectively and organize the relationship between a company and its stakeholders. What is more important is that governance, risk management, compliance, and adequate internal controls are all part of one system. Unfortunately, not all companies have this avant-garde approach toward this system. This course includes discussions about board structures, committees, and their functions while covering the detailed process of managing risks per the Committee of Sponsoring Organizations (COSO) of the Treadway Commission requirements compared to ISO standards. In addition, this course includes a module on compliance per the ISO standards that covers the latest developments in this area. By the end of the course, participants will be able to:
- Advise on developing a board structure that includes executives, non-executives, and independent members with varied experience
- Obtain knowledge of the roles of committees on board of directors
- Assist in establishing the policies to be approved by the board
- Support the creation of a successful risk management function based on COSO
- Contribute to advancing compliance in the organization by utilizing ISO requirements
Management, Leadership and Development
