Finance, Risk Management & Corporate Governance

Course Introduction

Clearly, corporate governance is the basic framework from which effective risk management takes shape. Corporate governance elaborates the division of responsibility within the organisation for risk management and determines the means with which, at each level, risk management will be implemented. This training course will enable you to deal with one of the most difficult challenges in 21st century management. Evaluating the range of available risk management techniques and choosing the most appropriate action in each case are increasingly significant elements of managerial responsibility in today’s business environment. We cannot eliminate risk entirely, but our challenge is to identify the right risk to take and to minimise its potential negative impact. The training course will show you how to analyse and minimise risk; turn risk into opportunity; and manage uncertainty.
This training course is structured around the ISO 31000:2009 framework, principles and processes. It will also demonstrate how to develop internal control mechanisms and explain how to measure risk in terms of probability and potential impact, at the same time as ensuring that the organisation complies with increasingly strict international standards of corporate governance.

Objectives

By the end of the program, participants will be able to:

•Understand risk management and its application within an organisation
•Identify, evaluate and control risk in strategy and operations of your organisation
•Design and implement an effective risk management process
•Ensure that your organisation can meet the rising standards of corporate governance
•Communicate the characteristics of effective risk management to your teams

Target Audience

Daily Topics

Day 1:

❖Understanding Risk Management – Context and Application

•Creating a Robust Strategy – The foundation of your business
•Understanding the Difference between Strategic and Operational Risk
•Risk and Uncertainty: The Difference between the Two Terms
•Risk Aversion and Risk Tolerance – Project Selection and Prioritisation
•Using Quantitative and Qualitative Techniques in Assessing Risk
•The Concept of the Risk Management Cycle and How This Works

Day 2:

❖Identifying and Evaluating Risk

•The Principal Drivers of Risk in Contemporary Business
•Assessing Most Significant Categories of Risk for Business
•Global Processes, Guidelines and Standards in Risk Assessment
•The Relevance of ISO and the Professional Institutions
•Application of the Main Tools and Techniques in Managing Risk and Uncertainty
•Optimising a Risk Management Process

Day 3:

❖Understanding and Managing Specific Types of Risk (I)

•Strategic Risk – Deciding on the programme / project mix
•Incorporating Risk Analysis into Business Development Decisions
•Contingency Planning and Understanding Risk Exposure
•Operational Risk – Coping with variance and divergence from plan
•Managing Complexity in Contemporary Business Structures
•Managing Risk Associated with Alliances and Joint Ventures

Day 4:

❖Understanding and Managing Specific Types of Risk (II)

•Financial Risk – Capital market dynamics, exchange rate exposure
•Risks Associated with Different Forms of Corporate Capital Structure
•Risks Associated with Management of Cash Flow / Credit
•Legal Risk – The Requirements of Corporate Governance
•Risks Associated with Intellectual Property Law
•Product Liability / Litigation / Reputational Risk

Day 5:

❖Embedding Risk Management into the Corporate Culture

•Latest Developments in the Field of Risk Management
•A Structured Approach to Implementing Risk Management
•Designing / Developing a Risk Management Process for Your Own Organisation
•Implementing and Embedding a Risk Management Culture in Your Organisation

For Registration, Course Outline & more information please contact

NAYEL Training Centre 

T: +971 4 379 7245 | M: +971 50 249 6876 | WhatsApp: +971 50 249 6876

Email [email protected]