Corporate Training
Blue Ocean offers a wide array of bespoke corporate training solutions for organizations to enable their employees to become specialists in their industry. We offer over 600+ corporate training programs catering to a wide range of industries across government, semi-government and private organizations. The courses are designed to deliver strategic insights and learning for building high potential teams that can drive actionable strategies for their organizations. Our corporate programs are flexible and can be tailored to suit customers’ specific needs, helping teams unleash their maximum potential for organizational benefits.
Governance, Risk Management and Compliance
Course Objectives
By the end of the 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 Outline
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
Course Objectives
By the end of the 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 Outline
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