It is important for finance professionals to understand monitoring, compliance and risk management from a board perspective if they are to support the board in establishing effective accountability, which is the primary purpose of the conformance role of the board. This course covers the conformance components of boards – to provide accountability and monitoring and supervising. You will explore the board’s role in monitoring, CEO and senior management oversight, compliance and risk management.
Key topics:
- External focus – provide accountability
- ensuring external accountabilities are met, e.g. to stakeholders, funders, regulators
- meeting audit and reporting requirements
- Internal focus – monitoring and supervising
- appointing and rewarding the CEO
- senior management oversight
- monitoring key performance indicators
- monitoring key financial and budgetary controls
- making sure there are adequate internal controls in place
- managing risks
