Risk in the Boardroom

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Course Overview

In an era of increasing concerns regarding reputational risk and with companies under greater scrutiny by their stakeholders (including regulators), boardroom competency in the area of risk management is now seen as a core skill.

As part of their role Non-Executive Directors (NEDs) in particular should exercise independent oversight by positively challenging and asking tough questions about executive decisions. It is no coincidence that two of the key criteria the Financial Conduct Authority (‘FCA’) applies in considering the suitability of candidates for NED roles are independent judgement and the relevant skills to challenge executives. More and more, this involves understanding and shaping the organisation’s risk culture enabling the board to examine how risks are managed and decisions are made in order to meet and exceed strategic objectives.

The IRM’s Risk in the Boardroom, which we offer as a one-day course, gives you a practical overview of what board members and stakeholders need to know about managing business risk and how it is a key element of good corporate governance. It demonstrates the importance of risk management as a regular, strategically-focused activity – and not merely a compliance-driven add-on.

Suitable for all board members and those who support the board, extensive prior knowledge of the subject is not a prerequisite for this course. You will be guided by an experienced risk professional who has both sat on and advised boards on corporate governance, and helped companies to enhance their risk management systems.

In interactive workshop sessions we cover:

• the latest trends and developments, particularly those relating to strategic risk management
• a step-by-step walkthrough of risk management, including identification, managing, monitoring and reporting - from a board perspective
• reference to the relevant frameworks and guides
• an appreciation of concepts such as risk appetite, risk culture and the ‘extended enterprise’ – based on IRM studies of these areas.

You will improve your ability to:

• promote risk management as a key element of good governance
• dentify, measure and assess the critical business risks
• determine the strength of the control environment
• make (or question) decisions based on appropriate risk treatment

You will leave the course understanding:

• why risk needs more attention
• how to bridge the gap between a ‘top down’ (board) and a ‘bottom up’ (operational) approach
• make the link between risk and assurance needs, with the potential to use ‘assurance mapping’ and other related techniques
• how technology can be used to better enable risk management

Back at your organisation you will:

• provide better risk leadership and be the key sponsor of activity in this field
• take an enterprise-wide, strategic approach to risk management
• review and proactively challenge your organisation’s current process
• benchmark your approach to recognised standards
• develop the knowledge to help you ensure that risk management is on a cycle of continuous improvement
• benefit from access to the latest IRM knowledge

Course Dates

* The above prices exclude UK VAT at 20%. If applicable, this will automatically be added when you book on to the course.

 For all enquiries please contact the training team on +44 (0)20 7709 9808 or at training@theirm.org

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Who should take this course

• Executive Board Directors.
• Non-Executive Directors.
• Board Trustees.
• Company Secretaries.
• Heads of Department.
• Senior Managers.
• Chief Risk Officers.
• Risk Directors.
• Risk Managers.
• Compliance Managers.

Learn about

• The risk management process from a board perspective.
• Concepts such as risk appetite, risk culture and the ‘extended enterprise’ – based on IRM studies of these areas.
• Promoting risk management as a key element of good governance.
• Identifying, measuring and assessing critical business risks.