This interactive workshop provides a board-level introduction to risk governance, looking at the importance of understanding risk, exploring how your business can prepare for uncertainty, and examining the director’s role in managing risk.
Working through a scenario-based case study, you will have the chance to engage with the topic in a very practical way and analyse the situation using a sample risk assessment that prompts thought about different types of risk including governance, operational, financial, sector-specific, and external or emerging risks.
This applied approach will help you to understand how risk management supports both the planning and achievement of organisational strategy, and prompt discussion and appreciation of the responsibility that directors have for risk governance across the organisation.
By the time you have completed the session, you will be able to:
- Articulate some of the common risk areas for all businesses and organisations
- Identify the key principles that boards can use to evaluate risk and manage it in a way that best ensures the effective long term viability of the organisation
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