Course Code: HRM 2133
260 Course Visits
Advanced Governance, Risk Management & Compliance (GRC)
Course Sector:
HR Strategy and Training
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Introduction
Training course introducion / brief

Corporate governance and risk management are critical topics that have recently started attracting more attention in business schools and among legislatures, with this trend only increasing. While there are different models for corporate governance and risk management, all of them aim at organizing the relation between company and stakeholders and controlling risks effectively.  What is more important is the fact that 'Governance, Risk Management, Compliance and Effective Internal Controls' are all part of one system. Unfortunately, not all companies have this avant-garde look towards this system. This course includes discussions about board structure, committees and their functions while covering the detailed process of managing risks as per the Committee of Sponsoring Organizations of the Treadway Commission (COSO) requirements. In addition, the course includes a discussion on internal controls that are used to respond to the risks in different areas of the corporation. Compliance is also covered per latest developments.

Course Objectives
At the end of the training 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
Course Audience
Who is this course for, and can benefit the most
HR Professionals, mid level and senior level managers etc.
Course Outline
The course aims and learning outcomes

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
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Over all rating
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Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY

Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).

At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.

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