Practical Risk for Company Directors Course
Unlock the Power of Effective Risk Oversight
Understanding and managing risk is more crucial than ever for company directors.
Researched and compiled by the team at Better Boards, our on-demand risk course has been designed to equip you with practical knowledge and tools to confidently conduct effective risk oversight in your role as a director.
Course content encompasses all concepts in the ISO 31000:2018 Risk Management guidelines, and provides tools and solutions that are applicable to board members of all types of organisations, associations and committees with a risk oversight role.
Almost all other courses available are focused on risk at the management level, rather than board level (even when looking at the board and risk!), this course is built specifically to focus on the oversight of organisational risk from the perspective of the board.
Course Overview
Get acquainted with the course structure and objectives.
Key aspects of risk and the fundamentals of risk management processes.
1.2 Identifying RisksLearn how to identify various types of risk using effective tools.
1.3 Risk Oversight- Differentiate between risk appetite and risk tolerance.
- Set risk criteria and familiarise yourself with essential risk terminology.
Explore risk analysis methods and tools tailored for board use.
Board's Role in Risk Management- Define the distinct roles of individual directors versus the board as a whole.
- Understand governance in relation to risk management.
Delve into board accountability, the function of risk committees, and the consequences of poor risk management. Navigate compliance and regulatory body expectations.
Identify characteristics of a proactive risk culture and assess your organization's current state.
Continuous ImprovementImplement strategies for ongoing enhancement of risk management practices.
Risk Treatment & Monitoring- Learn about risk treatment options, benchmarks, and developing a robust risk framework.
- Master the art of risk reporting and escalation.
Utilize risk data to enhance board discussions and decision-making processes.
Effective Risk ReportingDiscover key components of risk reports, including types and best practices for report writing.
Strategic Alignment- Link risk information with organizational strategy using tools like the SMART model.
- Gain insights into maintaining a comprehensive risk register.
Enhance collaboration with risk committees to optimize risk management efforts.
Transforming Risks into Opportunities- Distinguish between upside and downside risks.
- Learn strategies to turn potential risks into growth opportunities.
Identify emerging risks and stay ahead with proactive measures.
Recap key terminology and access valuable tools to support your director role.
Summarise key learnings and solidify your understanding.
Additional Resources- Receive a Quick Guide Factsheet PDF: "17 Things to Know About Risk Management."
- Access a comprehensive terminology list PDF for ongoing reference.
What You’ll Get Out of This Course
By enrolling in this course, you will gain a comprehensive understanding of risk oversight from a board-level perspective.
You’ll learn how to effectively exercise risk oversight from the boardroom, grasping the key aspects of risk and the fundamentals of risk management processes.
You’ll be equipped to identify, assess, treat and monitor various types of risk using effective tools, differentiate between risk appetite and risk tolerance, and set appropriate risk criteria.
The course will empower you to:
- Enhance Board Decision-Making: Utilise risk data to improve board discussions and strategic decisions.
- Cultivate a Positive Risk Culture: Implement strategies to foster a proactive risk culture within your organisation.
- Improve Risk Reporting: Master the art of risk reporting and escalation, and discover best practices for report writing.
- Transform Risks into Opportunities: Learn strategies to turn potential risks into growth opportunities.
- Stay Ahead of Emerging Risks: Identify and prepare for future risks with proactive measures.
You’ll also gain access to essential tools and resources, including a comprehensive terminology list for ongoing reference.
By the end of the course, you’ll have solidified your understanding of risk oversight and be ready to lead your organisation confidently into the future.
How to Access the Course
Practical Risk for Company Directors is delivered via BoardWise, the leading on-demand director professional development platform. Sign up to BoardWise to gain immediate access to the full course.
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