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 sustainability 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.
This module will include:
• Good governance practice and corporate governance trends and their impact on business.
• Approaches for embedding risk management effectively as part of corporate governance.
• Latest thinking on sustainability issues that should concern every organisation.