Introduction

In today's dynamic and unpredictable business environment, effective risk-based corporate governance is paramount for safeguarding organizational value, ensuring resilience, and driving sustainable growth. Boards and senior leaders are increasingly challenged to navigate a myriad of evolving risks, from cybersecurity threats and climate impacts to regulatory complexities and reputational vulnerabilities. This comprehensive training course is meticulously designed to equip current and aspiring leaders with the essential frameworks and practical strategies to integrate risk considerations into their governance structures and champion proactive risk intelligence.

This 5-day intensive program will empower participants to cultivate a deep understanding of enterprise risk management (ERM), master strategic decision-making with a risk lens, and refine their ability to lead with foresight and accountability. You will learn to identify emerging threats, embed risk management into strategic planning, and foster a culture of risk awareness across the entire organization. By mastering these critical competencies, you will amplify your impact in the boardroom and confidently steer your company towards a secure and prosperous future.

Duration: 5 Days

Target Audience

• Senior Leaders and Executives
• Board Members and Directors
• Chief Risk Officers (CROs)
• Audit Committee Members
• Governance Professionals
• Compliance Officers
• Legal Counsel
• Internal and External Auditors
• Strategic Planning Leaders
• Consultants specializing in risk governance

Objectives

• Understand the core principles of risk-based corporate governance.
• Develop a strategic mindset for integrating risk management into all levels of governance.
• Master frameworks for identifying, assessing, and mitigating enterprise risks.
• Learn to effectively oversee risk appetite and risk tolerance.
• Cultivate skills in transparent risk reporting and communication to the board.
• Enhance decision-making processes with a strong risk lens.
• Understand the role of internal controls in a risk-based governance framework.
• Develop strategies for fostering a proactive, risk-aware organizational culture.
• Create a personalized action plan for enhancing risk-based governance.

Course Modules

Module 1: Foundations of Risk-Based Governance

• Defining risk-based corporate governance and its strategic imperative.
• Understanding the relationship between governance, risk management, and internal control.
• Exploring the benefits of a risk-centric approach to oversight.
• The evolving landscape of risks facing modern organizations.
• Case studies of governance failures due to inadequate risk integration.

Module 2: Enterprise Risk Management (ERM) Frameworks

• Overview of leading ERM frameworks (e.g., COSO ERM, ISO 31000).
• Techniques for identifying and categorizing various types of risks.
• Developing a robust risk assessment methodology.
• Understanding risk appetite, risk tolerance, and risk capacity.
• The role of risk committees and their mandate.

Module 3: Integrating Risk into Strategy and Decision-Making

• How risk intelligence informs strategic planning and goal setting.
• Techniques for evaluating strategic options through a risk lens.
• The board's role in challenging management's risk assumptions.
• Balancing risk-taking with value creation.
• Case studies of strategic decisions where risk integration was key.

Module 4: Risk Oversight and Internal Controls

• The board's role in overseeing the design and effectiveness of internal controls.
• Understanding the three lines of defense model in risk management.
• Developing robust risk reporting mechanisms from management to the board.
• Leveraging technology for continuous risk monitoring and control assurance.
• Ensuring compliance with relevant risk-related regulations.

Module 5: Emerging Risks and Future-Proofing Governance

• Identifying and assessing emerging risks (e.g., cybersecurity, climate change, geopolitical).
• The board's role in overseeing digital risks and data privacy.
• Strategies for building organizational resilience to unforeseen events.
• Understanding the impact of disruptive technologies on risk profiles.
• Preparing for future regulatory changes and stakeholder expectations.

Module 6: Risk Communication and Stakeholder Engagement

• Strategies for transparently communicating risk exposures to stakeholders.
• Tailoring risk reporting for different audiences (investors, regulators, employees).
• Managing reputational risks and maintaining public trust.
• The role of crisis communication in a risk-based governance framework.
• Engaging with stakeholders on risk appetite and mitigation efforts.

Module 7: Building a Risk-Aware Culture

• Strategies for embedding risk management principles throughout the organization.
• Fostering a culture of accountability for risk management at all levels.
• Encouraging open communication about risks and near misses.
• The role of leadership in modeling risk-aware behavior.
• Creating a personalized action plan for championing risk-based corporate governance.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.