A Board should promote the long-term sustainable success of a company by identifying opportunities to create and preserve value, and establishing oversight for the identification and mitigation of risks. Whilst risk-taking is a fundamental driving force in business, the cost of risk management failures is still often underestimated – there remains a cultural challenge in some organisations in getting business leaders to engage fully with risk management. With ESG issues continually on the rise, every organisation and Board needs to be aware of the risks associated with poor governance and/or an inability to grasp opportunities to improve its environmental and social credentials with all stakeholders. This context presents a challenge for risk professionals moving from backstage to the spotlight.
By the end of the module, you will be able to:
identify the latest trends and thinking in ESG and the important links between effective ESG practice and reputation and business success
identify current practice & recent trends in corporate governance
determine the most effective means of engaging Boards with risk management (inc ESG risk reporting) and the skills and behaviours required to do so successfully