Governance, Risk and Compliance
Governance, Risk and Compliance Management & Leadership
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Governance, Risk and Compliance
INTRODUCTION Compliance as a discipline was traditionally thought of as ensuring adherence to the many rules and regulations organisations face. But compliance is now about so much more: culture, ethics, advice – modern compliance really is at the heart of the business. Compliance is more than risk-reduction, it’s an ethical approach to business. As a professional in this field, you’ll set the standard for your employer, ensuring they’re ready for change - and agile enough to evolve. Compliance professionals not only navigate a complex regulatory environment but also add a key commercial perspective. They enable the right business to be conducted in the right way and help firms achieve success by using systems and controls to ensure effective risk management. Governance, Risk and Compliance training course includes discussions about board structure, committees, and their functions while covering the detailed process of managing risks as per the Committee of Sponsoring Organizations of the Treadway Commission (COSO) requirements. In addition, the course includes a discussion on internal controls that are used to respond to the risks in different areas of the corporation. Compliance is also covered per the latest developments.
OBJECTIVES At the end of the Governance, Risk and Compliance training course, you will be able to: Understand the concepts of governance, risk management and compliance (GRC) Understand the regulatory environment The reason for being governance is essential for effective regulatory compliance risk management Identify high-risk areas and compliance in your organization Apply Risk-based Approach The role of the compliance officer and his team Develop and implement a governance, risk management and compliance strategic plan Understand, define, and enhance organizational culture as it relates to performance, risk, and compliance Implement governance, risk management and compliance processes that are effective and efficient Using a risk-based audit approach
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Governance, Risk and Compliance
WHO SHOULD ATTEND ?
Governance, Risk and Compliance training course , is ideal for : 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
Day 1 Overview of governance, risk management, and internal controls Definition of corporate governance The scope of corporate governance Essential corporate governance principles Code of conduct The board of directors The audit committee Other committees
Stakeholders in Corporate Governance (CG) Stakeholders Shareholders rights Directors’ duties and rights Internal auditors and external auditors Risk-based decision making
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Governance, Risk and Compliance
CG failure effects The efficient board
Day 2 Functions of corporate governance Independence of the board Selection, remuneration, and evaluation of the board Analyzing the current company’s CG system Disclosure and transparency
Introduction to compliance
Definition of compliance Importance of compliance Practical examples of compliance Risks of compliance
Day 3 Enterprise Risk Management Risk perception Why should we care about risk? Internal environment changes External environment changes
Risk Management areas Strategic Operations Reporting Financial Health and safety
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Governance, Risk and Compliance
Day 4
Risk management process per COSO guidelines
Internal environment Objectives setting Event identification Risk assessment Risk response Control activities Information and communication Risk monitoring
Day 5 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
IN-HOUSE TRAINING LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
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Governance, Risk and Compliance
CONTACT INFO
DOCUMENTATION High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
LONDON 47 – 49 Park Royal Road NW10 7LQ, London T: +44 (0) 20 80 900 464 E: info@lpcentre.com
CERTIFICATES Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
DUBAI Office 501 Clover Bay Tower, Business Bay
SCHEDULE Our Course timings commence at 09:00 and conclude at 13:00, followed by lunch on a daily basis.
T: +971 4 421 4616
KUALA LUMPUR No. 03-06-05,
REGISTRATION & PAYMENT
UOA Business Park, Jalan Pengaturcara U1/51A,
Please complete the registration form on the course
Section U1,
page & return it to us indicating your preferred mode
Kawasan Perindustrian Temasaya,
of payment. For Further Information, please get in touch with us.
40150 Shah Alam, Selangor T: +60 19-305 5694
CANCELLATION AND REFUND POLICY Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days’ notice is given then we will be unable to refund or cancel the booking unless on medical grounds. For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT www.lpcentre.com We are committed to picking up and dropping off the participants from the airport to the hotel and back.
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