Board members are part-time overseers of full-time managers, so they often lack current, complete insight into the company's operations, finances and dangers. This board risk oversight webinar shows directors how to close that gap.
Most internal controls are designed for finance, compliance and legal staff, not for the board. You'll learn how to structure the board and its committees for effective risk oversight, where hidden dangers are most often found and which internal risks directors must watch.
The session also covers key risk indicators, risks from employees, systems, partners and suppliers, anti-corruption laws, IT risk and how to shape reporting and controls so the board gets the information it needs when it needs it.
WHY SHOULD YOU ATTEND?
Financial crises, scandals, pandemics and black swan events have caught many companies off guard. Independent directors spend little time inside the company, management has reasons to reassure them, and the information they see is often stale or hard to follow. Directors who miss warning signs may later have to explain why.
The session suits corporate, nonprofit, private and family firm board members, corporate secretaries, corporate counsel, and venture capital and private equity partners.
AREA COVERED
- How the board can ensure systems that support good risk oversight
- Shaping a board-based risk assessment process
- Judging the quality of the risk intelligence management provides
- Key risk indicators for your business
- Dangers from your employees and systems
- Designing board-friendly corporate controls
- Outside risks from partners, suppliers and anti-corruption laws
- IT risk and the board's oversight role
- Risks sitting around the board table
LEARNING OBJECTIVES
- Explain the board's role in company risk management
- Structure the board and its committees for risk oversight
- Identify the specific risk areas boards must monitor
- Assess the financial, legal and operational control information boards receive
- Make corporate controls more usable for the board
- Shape the board's own corporate monitoring tools
WHO WILL BENEFIT?
- Corporate board members
- Nonprofit corporate leaders
- Private and family firm board members
- Corporate secretaries.
- Corporate counsel
- Venture capital and private equity partners.
Financial crises, scandals, pandemics and black swan events have caught many companies off guard. Independent directors spend little time inside the company, management has reasons to reassure them, and the information they see is often stale or hard to follow. Directors who miss warning signs may later have to explain why.
The session suits corporate, nonprofit, private and family firm board members, corporate secretaries, corporate counsel, and venture capital and private equity partners.
- How the board can ensure systems that support good risk oversight
- Shaping a board-based risk assessment process
- Judging the quality of the risk intelligence management provides
- Key risk indicators for your business
- Dangers from your employees and systems
- Designing board-friendly corporate controls
- Outside risks from partners, suppliers and anti-corruption laws
- IT risk and the board's oversight role
- Risks sitting around the board table
- Explain the board's role in company risk management
- Structure the board and its committees for risk oversight
- Identify the specific risk areas boards must monitor
- Assess the financial, legal and operational control information boards receive
- Make corporate controls more usable for the board
- Shape the board's own corporate monitoring tools
- Corporate board members
- Nonprofit corporate leaders
- Private and family firm board members
- Corporate secretaries.
- Corporate counsel
- Venture capital and private equity partners.