Strategic Governance, Risk And Compliance

This aim of this course is to prepare existing and future board members, executives and senior managers for participation in governance, risk and compliance (GRC) best-practice.

Participants might be future Chief Risk Officers (CROs), CFOs, Chief Compliance Officers (CCOs), Corporate Secretaries and other executive and non-executive board-members, as well as future participants in related GRC functions.

In particular, we focus on how GRC has evolved from a lose grouping of siloed, compartmentalized and often disparate or amorphous areas to a comprehensive function with the express purpose of supporting strategy formation and execution.

In contrast to traditional GRC, modern “strategic” GRC, as discussed in the course, takes its shape from its successful adoption by leading firms (e.g., Apple, Amazon, Santander, etc.) where it has been value-enhancing. Using lectures, exercises and case studies, the course addresses both ideal structural models as well as common GRC challenges.

Course prerequisites: Attendees should have some familiarity with basic corporate governance; however, concepts will be addressed at both the rudimentary and advanced levels.

Who should attend: Senior managers, executives and board members

Course Highlights:

• Understanding the business case for GRC
• Role of Governance, Risk and Compliance in increasing value by enhancing performance
• Measuring GRC using Key Performance Indicators (KPIs)
• How GRC can be shaped to support common strategic initiatives (e.g., digital transformation, M&A, corporate investment, innovation, etc.)
• Gauging Risk Culture, including reticence, resistance, ignorance and pushback
• Implementing GRC along COSO ERM and best-practice lines
• Distinguishing KPIs and Key Risk Indicators (KRIs)
• Developing an Engagement Process for stakeholders
• The CRO, CCO and Corporate Secretary Roles in GRC
• Ownership in GRC
• Challenges to Effective GRC: Conduct Risk, Weak Risk Culture, Bias at the Board- and Committee-Levels