Introduction

This training course on Corporate Governance for Financial Institutions will cover key aspects of governance, focusing on tools such as Risk Management, Compliance, and Internal Audit. It aims to highlight their value, identify common obstacles, and offer practical strategies for successful implementation.

Designed for an advanced understanding of Governance, Risk, and Compliance (GRC), this course will delve into the concepts, roles, and functions of governance tools within an organization. Participants will learn how to foster collaboration among these functions to enhance processes and synergy.

Course Highlights

• Fundamental concepts and guiding principles of corporate governance
• The interplay between Risk Management, Internal Audit, and Compliance
• Risk assessment and classification frameworks
• A modern, risk-based approach to Compliance and Internal Audit
• Essential components for your organization to achieve principled performance

 Objectives

This course is structured to deepen your understanding of Corporate Governance, along with its components—Risk Management, Compliance, and Internal Audit.

By the end of the course, participants will be able to:

• Align with the organization’s mission, vision, and values
• Integrate risk and compliance into the organizational context
• Professionally manage the relationships among Risk Management, Internal Audit, and Compliance
• Relate Corporate Governance to organizational risk considerations and international standards
• Comprehend the GRC perspective

 Training Methodology

A variety of interactive training methods will be employed, including brainstorming sessions, lectures, exercises, group discussions, and shared experiences. This diverse approach ensures participant engagement, challenges them, and encourages practical takeaways for their development.

 Organizational Impact

This course provides current insights into corporate governance, risk management, internal audit, and compliance, particularly valuable for those aspiring to executive roles.

By the conclusion, participants will gain:

• -Understanding of key principles, benefits, and barriers to good governance
• Strategies for building an effective governance framework
• Clarity on the roles of the Board of Directors and Audit Committee
• Insights into managing governance across different business contexts

 Personal Impact

Attendees will leave with a renewed commitment to strong Corporate Governance as a driver for sustainable growth. They will view Risk and Compliance not merely as cost centers but as enablers of long-term value.

Upon completion, participants will achieve:

• Greater alignment among Corporate Governance components
• Enhanced understanding of organizational missions and values
• Skills to evaluate and audit Corporate Governance activities and controls
• Improved management of board governance committees
• Validated expertise in the Audit Committee’s capabilities

 Who Should Attend?

This course is ideal for professionals from governmental and private organizations aiming to implement effective governance practices, including:

• Directors and aspiring directors
• Board secretaries and consultants
• Corporate governance officers
• C-suite executives (CIO, CTO, CFO, CMO, CHRO, etc.)
• Officers responsible for Governance, Risk Management, Compliance, and Internal Audit

Course Outline

Day 1: Understanding Corporate Governance

• Definition, concepts, principles, and value of corporate governance
• Barriers to implementation
• Stakeholders in the governance process
• Roles of executive vs. non-executive board members
• Responsibilities of board committees
• Importance of Environmental, Social, and Governance (ESG) criteria
• Different board models and their implications

Day 2: Governance Challenges

• Risks associated with poor governance
• The role of strategic boards in sustainable growth
• Developing a strategic planning culture
• Cooperation among Risk Management, Compliance, and Internal Audit functions
• Implications for audit and governance arrangements

Day 3: Risk-Based Approaches

• Transitioning to risk-based internal auditing
• Methodologies for risk-based audits
• Understanding risk-based compliance
• Identifying money laundering, terrorist financing, and fraud risks
• Day 4: Enterprise Risk Management
• Overview of Enterprise Risk Management (ERM)
• Risk assessment and control measures
• Identifying various types of risks: credit, financial, operational, reputational, legal, and more

Day 5: Mitigating Risks and Crisis Management

• Classifying risks and establishing mitigation strategies
• The board’s role in crisis management
• Lessons learned from financial crises and pandemics

This comprehensive course equips participants with the tools and knowledge necessary for effective corporate governance in financial institutions.