An Intensive 5-day Training Course
Governance Policy & Policy Enforcement
Understand, Enforce and Audit
CLASSROOM DATES
INTRODUCTION
This EuroMaTech training course will explain Governance Policy, Policy Enforcement and Governance tools of Risk Management, Compliance & Internal Audit and how to implement it practically and successfully.
The content is designed not only to provide an all-round advanced level exposure to critical areas of GRC, but also to attain and improve the concepts, roles, tools, added value and functions of the Governance environment tools within an organization such as Risk Management, Compliance and Internal Audit in order to achieve cooperation among these functions and improve their process and harmony.
This Governance Policy & Policy Enforcement training course will enable delegates to:
- Comprehend fundamental concepts of Governance Policy & Policy Enforcement
- Understand fundamental concepts of Corporate Governance, its guiding principles and elements
- Realize GRC Audit Approach: Identifying Risks and How to audit it
- Realize relationship among Risk Management, Internal Audit and Compliance
- Understand risk assessment, assimilate risk taxonomies and its classification
- Implement the New Approaches; Risk-based Compliance and Risk-based Approach
TRAINING OBJECTIVES
This EuroMaTech training course is structured to enhance full understanding of the ideologies, tools and methods of Governance policy, Policy Enforcement, Corporate Governance and its arms such as Risk Management, Compliance and Internal Audit in one training course.
At the end of this Governance Policy & Policy Enforcement training course, you will learn to:
- Understand The GRC (Governance, Risk, and Compliance) Perspective
- Follow fundamental concepts of Governance Policy & Policy Enforcement
- Audit Corporate Governance
- Improve alignment to mission, vision and values of the organization
- Align risk and compliance in context of your organization
- Handle professionally Risk Management, Internal Audit and Compliance relationship
- Link CG to organizational risk considerations, international frameworks and standards to provide an organizational specific risk focused entity
WHO SHOULD ATTEND?
This Governance Policy & Policy Enforcement course is suitable to a wide range of professionals in Governmental organizations and private entities of all diversified lines of business which are planning to apply proper governance within their culture and operations, but will greatly benefit:
- Directors / Aspiring Directors
- Board Secretaries / Board Consultants / Corporate Counsel
- Officers involved in the process of Corporate Governance
- C Suite Executives (CIO, CTO, CFO, CMO, CHRO)
- Officers-in-Charge of the Governance Framework Within the Organization
- Officers-in-Charge of Risk Management, Compliance & Internal Audit Functions
TRAINING METHODOLOGY
This EuroMaTech training course will cover active and extensive give-and-take discussions.
A variety of training methods to reach the participants will be applied in a diverse manner. A number of methods will include brainstorming, lecturing, exercises, group discussion and sharing experiences.
The resulting variety helps participants stay engaged throughout the course, feel challenged and draw quick wins for their development.
TRAINING SUMMARY
This Governance Policy and Policy Enforcement training course covers essential skills such as Policy Development & Understanding, Policy Implementation and Enforcement.
It will allow the participants to develop Enhanced Understanding, Improved Compliance and Decision-Making.
TRAINING OUTLINE
Day 1: What is a Corporate Governance Policy?
- Pre Course Questionnaire
- What are Corporate Governance Policies?
- What is the Purpose of Governance Policy?
- What Does a Governance Policy Do?
- What is the Difference Between Governance Framework and Policy?
- How to Write a Policy Framework?
- Step-by-Step Guide to Writing a Policy and Procedure Manual
Policy Enforcement – All you Need to Know About It
- What is Enforcement and Why is it Key to Effective Corporate Governance?
- Enforcement is More Than Regulations, Laws-on-the-Books or Voluntary Codes
- Why is Enforcement a General Problem of Development?
- What Negatively Affects the Effectiveness of Corporate Governance Mechanisms?
- How to Develop a Framework When Corporate Governance Rules are Not Enforced?
- The Corporate Governance Problem in Developing and Transition Economies
- What Can Be Done to Improve Corporate Governance Mechanisms in a Weak Enforcement Environment?
Day 2: Corporate Governance; What is it Exactly and How to Enforce it Practically?
- Corporate Governance; Definition, Concept, Rules, Principles and Added Value
- Barriers / Obstacles that Prevent Full Implementation of CG
- External & Internal Parties Involved in Governance Process
- Difference Between Executive and Non-Executive Board Members
- Board’s Committees; Roles and Responsibilities
- Role of Audit Committee / Risk Management Committee / Remuneration Committee
- Understanding Environmental, Social, and Governance (ESG) and its Importance
- Board Models: Passive Board, Certifying Board, Engaged Board, Intervening Board and Operating Board
Day 3: Roles and Borders of the Risk Management, Compliance & Internal Audit Functions under Appropriate Corporate Governance
- Fundamental Differences and Importance of its Convergence
- Overlapping: Healthy or Wasteful?
- Cooperation & Collaboration Among These Main Functions
- New Concept of Risk-based Compliance
- Risk Management Taxonomies; Concepts of Risk Appetite, Risk Tolerance, Risk Capacity, Risk Register, Control Systems and Reporting
- 10 Steps to Effective Enterprise Risk Management
- New Concept of Risk-Based Internal Audit
- Auditing the Corporate Governance Process
Day 4: Risk Management Taxonomies
- What is Enterprise Risk Management, its Universe, its Framework & Fundamental Concepts
- Risk Control Self-Assessment, Key Risk Indicators & Key Performance Indicators
- Business Continuity Plan vs. Disaster Recovery Plan
- Identifying Credit Risks / Identifying Financial Risks
- Identifying Operational Risks / Identifying Reputational Risks
- Identifying Legal Risks / Identifying Non-Compliance Risks
- Identifying Political Risks / Sovereign Risks / Country Risks
- Identifying Ethical Risks / Fraudulent Risks / Criminal Risks
- Group Work on Risk Taxonomies and Organizational Classification of Risks Between Two Teams
Day 5: GRC Audit Approach: Identifying Risks and How to Audit It
- Reviewing the Key Aspects of Governance in Each Internal Audit Assignment
- Align and Agree Purpose, Responsibility and Authority
- Acquire, Develop and Organize Resources
- Adopt and Communicate Cultural and Performance Expectations
- Assess and Improve Culture and Performance
- Post Course Questionnaire
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ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
