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.
Overview
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
Objectives
- Explain the importance of the board’s monitoring role including CEO and senior management oversight
- Explain the importance of compliance and risk management in governance
- Develop a governance framework for managing compliance obligations and mitigating compliance risk
- Apply risk management principles to a governance framework
- Support the development and maintenance of a risk governance framework
Audience
This course is suitable for finance professionals who need to understand corporate governance in detail.
