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 Advanced Certificate Governance Risk and Compliance GRC I1805 QR Code
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Advanced Certificate Governance, Risk and Compliance (GRC)



Corporate/Public governance and risk management are critical There is increasing attention being paid to corporate governance and risk management in business schools and among legislators.

There are different models for corporate governance and risk management, all of which aim to organize the relationship between stakeholders. between the organisation and stakeholders and controlling risks effectively. Governance, Risk Management, Compliance, and Effective Internal Controls' are all part of one system. And this is an important fact that, Unfortunately, not all companies have this avant-garde look towards this system.

This course includes discussions about board structure, committees, and their functions. It covers the process of managing risks in accordance with the Committee of Sponsoring Organizations of the Treadway Commission (COSO) requirements.

In addition, the course includes a discussion on internal controls. Those controls are used to respond to the risks in different areas of the corporation. Compliance is also covered per the latest developments.

Course Objectives

At the end of this course the participants will be able to:

  • Define corporate/public governance and its connection to risk management and internal controls
  • Discuss the roles and responsibilities of the various stakeholders in a private or public company.
  • List the functions of corporate/public governance and identify the difference between the various models
  • Identify the key areas of risk management and its external and internal environment changes
  • Identify the correct controls to be implemented in a private or public sector company.

Targeted Audience

  • Executives and Board Members
  • Internal Auditors
  • Compliance Officers / Managers and their Deputies
  • Governance Professionals
  • Risk Managers
  • GRC Professionals
  • Legal Professionals
  • Regulatory Representatives
  • Company Secretaries
  • IT Professionals dealing with governance, risk management and compliance
  • Managers responsible for governance, risk management and compliance activities

Course Outline

Unit 1: Overview of governance, risk management, and internal controls

  • Definition of corporate/public governance
  • The scope of corporate/public governance
  • Essential corporate/public governance principles
  • Code of conduct
  • The board of directors
  • The audit committee
  • Other committees

Unit 2: Stakeholders in Corporate/Public 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/public governance

  • Independence of the board
  • Selection, compensation, and evaluation of the board
  • Analyzing the current system of the organisation
  • Disclosure and transparency

Unit 3: Introduction to compliance

  • Definition of compliance
  • Importance of compliance
  • Practical examples of compliance
  • Risks of compliance

Enterprise Risk Management

  • Risk perception
  • Why should you pay attention to risk?
  • Internal environment changes
  • External environment changes

Risk Management areas

  • Strategic area
  • Operations Processes
  • Reporting and reporting lines
  • Financial Risk management
  • Health and safety of the organisation

Unit 4: 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 the 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

Unit 5: Closing Workshop

  • Apply it at work! What works and doesn’t? How? And Why?
  • Best Practices and latest updates
  • Case studies, success stories as well as failure stories
  • Modern application through IT, software programs, and/or mobile applications
  • Share top and recent 3 book titles in this field

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