Corporate Governance, Risk Management, and Compliance
Introduction :
Corporate Governance, Risk Management, and Compliance GRC have become fundamental elements for achieving sustainability and organizational success. This training course aims to empower participants with an understanding of the integrated framework for governance, risk, and compliance, linking them to the organization s goals and strategy. Through the application of best practices and global standards such as COSO and ISO 31000, participants will enhance transparency, reduce operational risks, and ensure adherence to laws and regulations. Whether you are in senior management or responsible for auditing and control units, this course will provide you with the necessary tools to build an effective GRC system that supports your decision-making, fortifies your organization against future challenges, and boosts stakeholder and partner confidence.
Objectives :
- Understand the concept of GRC as an integrated framework in modern management.
- Comprehend the principles and foundations of corporate governance and international standards.
- Distinguish between types of risks and apply methodologies for risk assessment.
- Develop effective compliance systems ensuring legislative and regulatory adherence.
- Apply the COSO framework and ISO 31000 in risk management.
- Enhance institutional transparency and accountability through governance.
- Build emergency response plans and crisis mitigation strategies.
- Enable participants to integrate governance, risk, and compliance into the organization s strategy.
Target Audience :
- CEOs and Board members.
- Directors of general and strategic departments.
- Governance and legal compliance officers.
- Enterprise risk management officers.
- Quality auditors and internal audit officers.
- Financial consultants and certified accountants.
- Supervision and regulatory officers in public and private institutions.
Content Outlines :
Module 1: Introduction to Corporate Governance
- Definition and importance of governance in modern organizations.
- Basic principles of good governance.
- The role of the board of directors and specialized committees.
- Governance committee structures.
- Governance, social responsibility, and environmental accountability.
- Common challenges in implementing governance.
Module 2: Enterprise Risk Management According to the COSO Framework
- Concept of Enterprise Risk Management ERM .
- Components of the COSO risk management framework.
- Risk identification and assessment Qualitative/Quantitative .
- Risk response strategies.
- Integrating risk management into processes and decisions.
- Key Risk Indicators KRIs .
Module 3: Compliance Systems and Internal Controls
- Concept of regulatory and legal compliance.
- Building an effective compliance program.
- Internal policies and procedures for compliance.
- Work ethics and the role of organizational culture.
- The relationship between compliance and internal control.
- Early detection mechanisms for deviations.
Module 4: Integration of Governance, Risk, and Compliance GRC
- Risk management committee.
- Audit and compliance committee.
- Compensation committee.
- Other specialized committees.
- Building a unified GRC framework for the organization.
- Practical examples and models from successful organizations.
Module 5: Reporting and Stakeholder Management
- Governance and corporate transparency reports.
- Risk and compliance reports internal and external .
- Financial and non-financial disclosures related to GRC.
- Engaging with regulatory and legislative bodies.
- Building trust with investors and stakeholders.
- Using performance indicators to measure GRC effectiveness.