Protecht Risk for Boards
Product Description
How boards can discharge their oversight responsibilities while understanding ‘what good looks like’.
Board members play a critical role in ensuring sustainable success in their organisation – which can only be achieved through intelligent risk taking and effective governance.
Who should do this training?
In this course, David Tattam, Chief Research and Content Officer at Protecht, provides directors and board members the knowledge and skills to both work with and provide challenge to executive management on the effectiveness of risk frameworks, processes and culture within their organisation.
The course distinguishes between the oversight responsibilities of the board and the day-to-day practices of management, enabling boards to discharge their oversight responsibilities while understanding ‘what good looks like’.
Course Outline
In this course, you’ll learn:
1. Who is responsible for risk management?
- Everyone as a risk manager
- Corporate Governance Guidance
- The 3 Lines Model
- Roles across the Organisation
- Roles and Responsibilities of the Board
2. The value of risk management
- Risk perceptions
- Redefining risk management as outcome management
- Benefits of risk management to the Board
3. Understanding risks
- Components of risk
- The importance of a consistent approach
- Applying risk taxonomies at Board level
4. Understanding controls
- Board accountability for the internal control framework
- How controls modify risk
5. Risk management frameworks
- Informal and formal risk management
- The ISO 31000 risk management process
- The Risk and Reward pyramid
6. Board risk management processes
- Assurance over the Enterprise Risk Management Framework
- Assurance over the Internal Control Framework
- Link to organisational risk processes
7. Board risk appetite
- Definition of risk appetite
- Benefits of risk appetite
- Developing the Risk Appetite Statement
- Setting appetite for outcomes and risks
- Risk and control ownership
8. Organisational risk management processes
- Risk and control self-assessment
- Risk metrics
- Incident management
- Controls assurance
- Issues and actions
- Compliance
- Risk in change
9. Risk reporting
- Purpose of board risk reporting
- Data structure
- Types of risk reports
10. Cadence of risk management
- The dynamism of risk
- Alignment with Board meetings
- Alignment with strategy and change
11. Risk culture and behaviours
- Importance of risk culture
- Measuring culture
- Essential skills and actions of the Board
Course expectations
- Watch 18 videos
- Answer 5 knowledge questions
- Answer 10 quiz questions
Timings
- 3 hours of video content
- 3.5-4 hours for the whole course
Cost
- $429.00 inclusive of GST payable by credit card on registration. For purchases for more than 10 people please use the contact form or call 1800 676 011 to speak with one of our Account Managers.
