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Course Methodology

 

The course is built on presentations by the instructor and the participants and includes exercises and case studies to be discussed in the training.

 

 
Course Objectives

By the end of the course, participants will be able to:

 
  • Define corporate governance and its relation to risk management and internal controls
  • Discuss the roles and responsibilities of the various stakeholders in a private or public organization
  • List the functions of corporate governance and differentiate between the various models
  • Identify the areas of risk management and its internal and external environment changes
  • Identify the proper controls to be implemented in various business cycles
 
Target Audience

Board members, chief financial officers, senior management, directors, finance managers, financial controllers, accounting and finance personnel, legal counsel, corporate legal advisors, corporate secretaries, lawyers, external and internal auditors, HR managers, and department heads.

 
Target Competencies
  • Understanding the structure of the board of directors
  • Analyzing board committees
  • Improving risk monitoring and control
  • Assessing and analyzing risks
  • Controlling risks
  • Reporting risks
  • Advising on the GRC system
  • Overview of governance, risk management and internal controls
    • Definition of corporate governance
    • The scope of corporate governance
    • Essential corporate governance principles
    • Code of conduct
    • The board of directors
    • The audit committee
    • Other committees
  • Stakeholders in Corporate Governance (CG)
    • Stakeholders
    • Shareholders rights
    • Directors’ duties and rights
    • Internal auditors and external auditors
    • Risk based decision making
    • CG failure effects
    • The efficient board
  • Functions of corporate governance
    • Independence of the board
    • Selection, remuneration and evaluation of the board
    • Analyzing current company’s CG system
    • Disclosure and transparency
  • Introduction to compliance
    • Definition of compliance
    • Importance of compliance
    • Practical examples of compliance
    • Risks of compliance
  • Enterprise Risk Management
    • Risk perception
    • Why should we care about risk
    • Internal environment changes
    • External environment changes
  • Risk management areas
    • Strategic
    • Operations
    • Reporting
    • Financial
    • Health and safety
  • Risk management process per COSO guidelines
    • Internal environment
    • Objectives setting
    • Event identification
    • Risk assessment
    • Risk response
    • Control activities
    • Information and communication
    • Risk monitoring
  • Implementing controls in business cycles
    • Controls in purchase and payment cycle
    • Controls in inventory and costing cycle
    • Controls in HR and payroll cycle
    • Controls in sales and collection cycle
    • Controls in fixed assets life cycle

Schedule & Fees


Locations & Date
04/02/2024
08/02/2024
Doha
5500$
English
14/04/2024
18/04/2024
Turkey
5500$
English
08/09/2024
12/09/2024
London
5500$
English
03/11/2024
08/11/2024
Dubai
5500$
English

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