Risk Management for Directors and Officers

This webinar will discuss leading and emerging risk management practices and show how your organization’s risk management capabilities can be improved. It will present proven techniques that you can use to assess and improve your risk management design and operating effectiveness.

Why Should You Attend:

Organizations are exposed to governance, compliance and ethical risks daily. Coupled with the current economic, regulatory and social climate, these risks have propelled corporate governance, compliance management and integrity to a top business priority. More than ever, the business community perceives the need not only to articulate the principles of good governance, compliance, risk management, and ethics - but also to integrate these concepts into the fabric of day-to-day business - and use them to drive better performance.

In this session, we will discuss leading and emerging risk management practices and demonstrate how to improve your organization's risk management capabilities. The speaker will present proven techniques and tools that you can use to assess and improve your risk management design and operating effectiveness. Participants will be provided an audit framework that they can use and also resources that you will find useful.

Areas Covered in the Webinar:

PART 1 - Risk Management Capabilities

• Business drivers and need to focus on the organizational strategic direction
• Attributes of an effective risk management program
• Fundamentals
• The risk management “fan' pictorial
• The OCEG management framework

Advanced practices

• Board Risk Oversight (NACD)
• The ISO 31000 risk management standard

PART 2 - Assessing Risk Management

• Audit framework (general audit steps)
• Audits - planning, scope, objectives, testing
• Audit reports, audit opinions, audit risk assessments

PART 3 - Tools and Techniques

• Board Risk Oversight - NACD
• The Board 20 Questions Risk Management - CICA
• COSO ERM Framework - COSO
• Management reporting of risk program and risk program plans/results
• Emerging practices - ISO 31000
• Recent research efforts - CICA, Risk Oversight, etc

Part 4 - Resource Summaries

• NACD
• CICA
• IIA
• ISACA
• ISO31000
• COSO
• Frameworks
• Leading web site resources

Who Will Benefit:

• Board Members
• Executive Management with oversight responsibilities for risk management
• Risk Managers
• Chief Audit Executives
• Internal Auditors
• CEOs, CFOs, Chief Legal Counsel