A one-day workshop
Every business faces risk.
The role of the board and senior management in understanding, responding to, and taking risks is a vital one for the success of a business.
This workshop is designed to improve understanding of risk and risk management, and to help board members use risk information and insights to make informed decisions.
learning objectives
- The role of the director in assessing the risks facing the business
- Oversight of the risk management process and the business’s internal control systems
- Evaluating risk, focusing on opportunities as well as potential negatives
- Making informed decisions based on a sound understanding of risks and opportunities
Expert trainer
Rachel is a highly experienced governance, risk and assurance specialist. She works with boards and senior teams to improve governance and risk management, recognising their core role in delivering value to organisations and stakeholders.
Session outline
This is an indicative agenda – a starting point for a conversation with you. Rachel would be happy to tailor it to your precise requirements.
1. Understanding risk
- Core concepts and jargon-busting
- Cause and consequence, describing risks
- Models for Enterprise Risk Management
2. Directors’ responsibilities
- Setting the risk appetite and culture of the business
- Putting a sound risk and control framework in place
- Risk at the heart of informed decision-making
- Questions that directors should be asking
3. Identifying and responding to risk
- Horizon and environmental scanning
- Top-down and bottom-up approaches to risk identification
- Understanding opportunities
- Where should the board get involved?
- Roles and responsibilities (board, senior management, committees)
4. Assurance
- How do we know what we think we know?
- Introducing assurance and sources of assurance
- How much assurance is enough?
- Action plans
5. Reporting and information
- Interpreting risk registers and reports
- Turning risk data into management information
- Driving risk themes in board reporting and the board agenda
