An Intensive 5-day Training Course
Strategy Governance for Board
Deriving benefit from Strong Corporate Governance
This Strategy Governance for Board training course is intended for board directors and senior managers who wish to grapple with good governance and strategic leadership. Sound governance is more than a ‘nice to have’, it delivers better results and outcomes as well as ensuring that regulatory demands are met. Good governance dictates the rules by which management and employees carry out the organizations activities. It requires risks to be assessed, procedures to be complied with and an impartial audit function to ensure compliance and deliver improvements.
The course highlights the importance of good governance practices for Boards and their relationship with risk management, compliance, and audit. To uphold the pillars of good governance requires sound policies and procedures combined with a supporting leadership culture cascaded throughout the organization. Delegates attending this course will learn about theory and good practice. Through case study examples, the practices of excellent organizations will be reviewed. There will be ample opportunity to examine the hard and soft skills needed by leaders in implementing sound strategic governance practices.
This Oxford Management Centre training course will highlight:
- Key principles of Corporate Governance
- Enterprise Risk Management embedded in Governance
- Cooperation between risk, compliance, and internal audit
- The Board’s role and responsibilities
- Delivery of 21st Century Aims and Objectives
At the end of this Oxford Management Centre training course, you will learn to:
- Demonstrate how the pillars of good governance are achieved
- Understand the elements of Enterprise Risk Management
- Appreciate the importance of links between risk management, compliance, and internal audit
- Recognize the functions and roles held by the Board
- Show how strategy and delivery of key objectives are fundamental to sound governance
This training course utilizes a range of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. It includes discussions, case studies, presentations and exercises. The course leader will make extensive use of real-life case examples. Each session allows you to develop your skills and apply them to your organization.
What will your organization gain from employees completing this training course?
- Stronger corporate governance
- More robust risk management practices
- Audit and compliance functions working in tandem for organizational improvement
- Better relationships with key stakeholders
- Recognition of the value of Non-Executive Directors
- Understanding of how strategy and sustainable objectives form part of corporate governance
Participants will be able to further develop their personal management skills by being:
- Greater understanding of the pillars of corporate governance
- Deeper knowledge of enterprise risk management
- Recognition of the value for linking risk management, compliance, and internal audit
- Greater clarity of the board’s roles and responsibilities, and any sub-committees
- Understanding how strategy forms a key part of governance
- The value of strong corporate governance in meeting regulations and delivering benefits
Who Should Attend?
The course is intended for senior staff. It is suitable for a wide range of professionals but will greatly benefit:
- Directors and Senior Executives responsible for strategy development and implementation
- Managers and Leaders of marketing, research, operations, HR, finance functions
- Managers in the planning function
- Specialists in risk management, control, and corporate compliance
- Managers in the internal audit function
Key Principles of Good Governance
- Why is corporate governance a must, not “nice to have”?
- What are the main requirements of a sound governance?
- What are the OECD’s important principles of governance?
- What are the most important Governance Committees?
- What are the obstacles and barriers to implement effective governance?
- The benefits of sound governance
Enterprise Risk Management (ERM) embedded in Corporate Governance Culture
- Fundamental Concepts of Enterprise Risk Management
- Risk Measurement, Risk Standards, Risk Identification and Evaluation
- ERM steps: Identification, Assessment, Mitigation, Monitoring, and Reposting
- Operational, financial, liquidity, legal, systemic, fraudulent, and non-compliance risks
- Risk Control Self-Assessment (RCSA) and Heat Map
- Risk Appetite Framework (RAF)- Risk Appetite Statement (RAS)
Strengthening the Relationship between Risk Management, Compliance & Internal Audit
- Fundamental Differences and the Need for Convergence
- Overlapping: Healthy or Wasteful?
- New Trends in Audit: Risk-based Internal Audit
- How and why audit units move into Risk-based Audit programs?
- Risk-based Compliance: Definition, Responsibilities and Goals
- Risk Appetite: Balancing opportunities & threats
Board Leadership in delivering sound Governance
- Roles and Responsibilities of Board Members
- The role of Non-Executive Directors
- Managing stakeholder relationships
- Developing a strategic planning culture
- Challenging, questioning, learning – driving strategy
- Soft skills are the hardest
Organizational Aims, Sustainable Outcomes, Challenging Convention
- 21st Century challenges
- Balancing People, Planet & Profit
- Building blocks for success: People, Process & Technology
- Using the Balanced Scorecard to support Strategic objectives
- How sustainable is your Business?
- Personal Action Planning
Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.