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.
Corporate governance functions
Enterprise risk management
Areas of risk management
Implementation of controls in business cycles