Workshop on Advanced Certificate Governance, Risk, and Compliance (GRC) Event, 27.Jan.2025

Introduction

Governance and risk management are important topics that have recently begun to attract more attention in business colleges and among legislative bodies, and with the increase of this trend. There are various models of corporate governance and risk management, all of which aim to regulate the relationship between the company and its stakeholders and effectively manage financial risks. Most importantly, “effective governance, risk management, compliance and internal control” are all part of a single system. Unfortunately, not all companies have an advanced view of this system.

This workshop includes discussions on the structure of the Board and Committees and their functions with coverage of the detailed process of risk management as per the requirements of the Committee of Sponsoring Organizations of the Treadway Committee (COSO). In addition, the risk management workshop includes a discussion on the internal controls used to respond to risks in different areas of the company. Compliance is also covered according to the latest developments.

Objectives of Workshop Advanced Governance, Risk and Compliance (GRC)

• Definition of corporate governance and its relationship to risk management and internal controls
• Discuss the roles and responsibilities of the various stakeholders in the private or public organization
• Develop a list of corporate governance functions and differentiate between the different models
• Determine areas of risk management and changes in the internal and external environment
• Determine the appropriate controls to be implemented in the various business cycles

Workshop Advanced Governance, Risk and Compliance (GRC) Outlines

Day 1: An overview of governance and the importance of risk management and internal control

• What is governance? Definition of corporate governance
• Scope of corporate governance
• Basic corporate governance principles
• Code of Conduct
• Board of Directors
• Review Committee
• Other committees

Day 2: Stakeholders in Corporate Governance (CG)

• Stakeholders
• Shareholders' equity
• Duties and rights of directors
• Internal and external auditors
• Decision making based on risk
• Effects of CG failure
• Effective painting

Corporate governance functions

• Board independence
• Selection, reward and evaluation of the board of directors
• Analysis of the current corporate governance system
• Disclosure and transparency

Day 3: Introduction to Compliance

• Definition of compliance
• The importance of compliance
• Practical examples of compliance
• Compliance risk

Enterprise risk management

• Risk perception
• What are the objectives of risk management?
• Why should we care about risks?
• Changes in the internal environment
• Changes in the external environment

Areas of risk management

• Risk management strategy
• Operations and risk management plan
• Reporting and reports
• Financial issues
• Health and safety

Day 4: Risk management process according to COSO guidelines

• Indoor environment
• Setting goals
• Event identification
• Risk assessment
• Risk response
• Control activities
• Information and contact
• Risk control

Implementation of controls in business cycles

• Controls in the purchase and payment cycle
• Controls in cycle inventory and cost
• Controls in human resources and payroll cycle
• Controls in the sales and collection cycle
• Controls in the life cycle of fixed assets

Day 5: The final workshop

• How to apply this in work and organization; What works and what doesn't? And why?
• Best practices and latest updates
• Case studies, success stories and failure stories
• Modern application through information technology, software and/or mobile applications
• Post the three most recent book titles in this field

About the book attached to the workshop:

The phrase “Corporate Governance” describes “the framework of rules, relationships, systems and processes through which power and control are exercised within companies. It includes the mechanisms by which companies are held accountable and those that are controlled by them.” Corporate governance is the broad term used to describe the processes, customs, policies, laws, and institutions that direct organizations and companies in the way they conduct themselves or manage and control their operations. Works to achieve the goal of the organization and manages the relationship between stakeholders including the board of directors and shareholders.

Corporate governance means directing the organization in the desired direction by identifying ways to make effective strategic decisions and making assessments. It also deals with the accountability of individuals through a mechanism that reduces the problem of the chief agent in the organization. Corporate governance has a wide scope. It includes both social and institutional aspects. Corporate governance encourages creating a trustworthy ethical environment and overcoming the challenges facing the company in the event of potential risks. In other words, the core of corporate governance is transparency, disclosure, accountability and integrity. It must be borne in mind that mere legislation does not guarantee good governance. Good governance stems from ethical business practices even in the absence of legislation.

Good corporate governance enhances investor confidence, which is critical to the ability of listed entities to compete for capital. Good corporate governance is essential for developing added value for stakeholders because it ensures transparency that ensures strong and balanced economic development. This also ensures that the interests of all shareholders (majority as well as minority shareholders) are protected. It ensures that all shareholders fully exercise their rights and that their rights are fully recognized by the organization. On the other hand, even if companies do not rely mainly on foreign sources of capital, adhering to good corporate governance practices helps improve the confidence of local investors, enhances the role of insurance and risk management, reduces the cost of capital, enables good performance of financial markets and ultimately leads To stabilize more funding sources.

Corporate governance, corporate risk management, leadership and governance courses are among the best training courses, as they are:

• A reference in a master's thesis in corporate risk management, majoring in corporate risk management
• At the rank of professional certificate in risk management
• One of the pillars of decision-making by the members of the Board of Directors
• The framework of processes and systems and a primary factor in achieving strategic goals

Training methodology

With the Blackbird Training Center, our training methodology deals with methods aimed at designing and successfully implementing training. Prior to each training program, we solicit the input of your training needs so that our trainers and coaches can approach and outline accordingly. This may also include the use of coaching, mentoring, role-playing, films, videos, and case studies. Our training programs are led by:

• Individual Training Needs Assessment (TNA)
• Customer context-based delivery
• Mini-workshops and educational activities
• Competency-based training programmes

Why BlackBird Training Center?

• Respect your training needs well. Therefore, we have a training consultant to help you choose the right training for you. We are flexible enough to modify the training program to suit your organization and the required depth of training.
• We are available all over the world at any time. Our resources and business network are huge. In this sense, we are able to adapt to your personal preferences.
• In every workshop, we also provide a training reference book (not just PowerPoint material)
• Our certificates have obtained verification code online. You can check your mobile phone camera anytime and forever. All you need is internet access and a mobile phone.
• We have a rich list of carefully selected training topics. Although the topics cover all fields and sectors, we keep updating it to keep track of new training topics and trends.