Risk Management Course & Corporate Governance

This risk management course provides a comprehensive overview of the theory and practice of risk management and corporate governance in a work setting.

Areas from within risk management and corporate governance which will be covered in this course include risk identification, assessment and risk planning; strategies for reducing risk; monitoring risks and implementing risk control. The interface between corporate governance and risk management is examined. This includes best practice in corporate governance and corporate responsibility; application of the ASX Corporate Governance Principles and Recommendations; internal controls; reporting; and remedying non-compliance.

This course provides tactics for building on opportunities, rather than viewing risk management as a negative part of your role. Examining both positive and negative risks, it considers risk assessment and management within commercial, government and not-for profit organisations.

We consider the context in which the risk exists; risk appetite; identifying, assessing and planning around risks; as well as techniques for treating and mitigating risks. This includes enabling an organisation to progress from naive and novice in their approach to risks/opportunities; to an organisation that is more mature and responsive in its approach to risk management. During the course, attention is given to the iterative steps in managing and capitalising on risk, whilst remaining compliant with strong corporate governance.

Corporate governance focuses on the system by which companies are directed and managed. Good corporate governance and corporate responsibility promotes investor confidence. It is more likely to arise when an organisation has a normalised / naturalised approach to risk management.

Objectives

Course objectives include:

• identifying and assessing the different types of risks facing an organisation - both positive and negative
• determining an organisation’s risk appetite and risk context
• implementing the risk management process, as per ISO31000:2018 which includes identifying, analysing, evaluating and treating risks, as well as communicating, reporting, monitoring and reviewing risk as an organisation matures in its risk profile
• managing and updating an organisation’s risk register
• identifying the scope and benefits of corporate governance for an organisation
• examining frameworks for good corporate governance and avenues for reporting, monitoring and managing risks
• implementing controls for achieving good levels of governance.

Outcomes

By the end of this course, you should be able to:

• apply both risk management and corporate governance frameworks and by so doing, adding value to organisations
• identify, assess and treat negative risks and positive risks (opportunities), within the risk framework of your organisation
• operate within the risk appetite of your organisation and develop a risk register to capture an organisation’s maturation in managing risk
• draw from corporate governance models; the Australian Corporations Act and ASX principles for ensuring corporate governance policies are enacted
• review internal controls and remedy weaknesses to ensure compliance with sound corporate governance principles.