Advanced Governance, Risk and Compliance (GRC)

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Why Attend

Corporate governance and risk management are critical topics that are 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 controlling risks effectively and organizing the relationship between a company and its stakeholders. 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 structures, committees, and their functions while covering the detailed process of managing risks as per the Committee of Sponsoring Organizations (COSO) of the Treadway Commission requirements in comparison to ISO standards. In addition, this course includes a module on compliance as per the ISO standards that cover the latest developments in this area.

Course Methodology

This course is built on presentations by the instructor and the participants and includes exercises and case studies to be discussed during the training sessions.

Course Objectives

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

  • Advise on developing a board structure that includes executives, non-executives and independent members with varied experience
  • Assist in formulating committees and establishing committee requirements
  • Promote the proposal of policies for the company that need board approval
  • Support the creation of a successful risk management function based on COSO and ISO recommendations
  • Contribute to establishing a better compliance in the organization by utilizing ISO requirements

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, employees in GRC departments and department heads.

Target Competencies

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  • Advising on the structure of the board of directors
  • Establishing board committees
  • Advancing board policies
  • Improving risk management functions
  • Expanding compliance functions

Location:

South Africa

Training Dates:

Each course starts every Monday of each week. Please book your training on a date that is a Monday.

Course Duration:

Unit Standard:

NQF Level:

Number of Credits:


Course Fees

Note: Please fill in the online application form on the left or bottom if this page to receive a quotation with detailed pricing from AATICD.

How to Apply:

To Apply Simply Fill in the Online Enquiries / Applications form on the Right Sidebar or Bottom of this website https://www.aaticd.co.za

NB:

When filling the online application form; please take note of your desired Training Month, Duration in Weeks and Training Session. This will give us the exact dates you will be attending your classes.

Also note that Tuition Fees must be paid upfront on or before training start date. This is to ensure that all resources are made availabe for you before you start. You will not be allowed into training if fees are not paid and verified.

Also note that Tuition Fees Cancellations must be made 14 business working days before the starting date of training. This will allow us to do a 50% refund of the total amount paid. If cancellations are made thereafter note that no refund will be made to delegates.

Tuition Fees include teas and lunch as well as either a laptop or tablet which a delegate will take home free of charge.

Tuition Fee DOES NOT include Accommodation, Dinners and other Extra Curricular Activities or Incidentals. Delegates are expected to fund this on their own. AATICD will not be held accountable for any incidents to delegates.

In-House Trainings are also available for 3 or more delegates for any duration. Please consult with our Administration for such In-House training bookings.

Course Outline

  • The board of directors
    • Shareholders’ rights and duties
    • Stakeholders definition
    • Directors’ duties
    • Risks of governance failures
    • The efficient board
    • CMA definitions on board membership
    • CMA on non-independence of board members
  • Board committees
    • Ethics and CSR committee
    • Nomination committee
    • Remuneration committee
    • Governance committee
    • Risk and compliance committee
    • Executive committee
    • Audit committee
    • Investment committee
  • Policies approved by the board
    • Anti-discrimination
    • Anti-harassment and anti-bullying
    • Anti-fraud and anti-corruption
    • Conflict of interest
    • Nomination, succession planning, and remuneration policy
    • Risk management and compliance policy
    • Financial reporting and audit policy
    • Investments and asset management policy
  • Risk management
    • Risk management definitions
    • Risk management process
    • ISO 31000 risk management principles, framework, and process
    • ISO 31000 risk management process
    • COSO ERM process
    • Risk response = 4 Ts
    • Control activities
    • Internal audit role in assessing risk management
    • IIA definitions
    • IIA guidance
    • IIA standard 2120
    • Internal audit assessment of risk management
    • Internal audit engagement approach
    • Risk management categories
  • Compliance success factors
    • Definition of compliance
    • ISO 19600 compliance management
    • Implementing a compliance program
    • Causes of compliance program failing
    • Results of compliance failures