Certificate in Advanced Governance, Risk and Compliance (GRC)|Online

Overview

Why Attend

Corporate governance and risk management are critical topics attracting more attention in business schools and legislative bodies in public and private organizations. While there are different corporate governance and risk management models, all aim to control risks effectively and organize the relationship between a company and its stakeholders. What is more important is that governance, risk management, compliance, and adequate internal controls are all part of one system. Unfortunately, not all companies have this avant-garde approach toward this system. This course includes discussions about board structures, committees, and their functions while covering the detailed process of managing risks per the Committee of Sponsoring Organizations (COSO) of the Treadway Commission requirements compared to ISO standards. In addition, this course includes a module on compliance per the ISO standards that covers the latest developments in this area.

Course Methodology

This course is built on presentations by the instructor and the participants and includes exercises and case studies to be discussed during the training sessions.

Course Objectives

By the end of the course, participants will be able to:

Advise on developing a board structure that includes executives, non-executives, and independent members with varied experience
Obtain knowledge of the roles of committees on board of directors
Assist in establishing the policies to be approved by the board
Support the creation of a successful risk management function based on COSO
Contribute to advancing compliance in the organization by utilizing ISO requirements

Target Audience

Board members, chief financial officers, senior management, directors, finance managers, financial controllers, accounting and finance personnel, legal counsel, corporate legal advisors, corporate secretaries, lawyers, external and internal auditors, HR managers, employees in GRC departments, and department heads.

Target Competencies

Advising on the GRC system
Advising on the structure of the board of directors
Establishing board committees
Advancing board policies
Improving risk management functions
Expanding compliance functions

Course Outline

The Board of Directors
- Stakeholders' definition
- Directors' duties
- Risks of governance failures
- The efficient board
- Capital Market Authority (CMA) definitions on board membership
- CMA on non-independence of board members

Board Committees
- Audit committee
- Nomination committee
- Remuneration committee
- Risk and compliance committee
- Ethics and CSR committee
- Governance committee
- Executive committee
- Investment committee
Policies Approved by the Board
- Anti-discrimination
- Anti-harassment and anti-bullying
- Anti-fraud and anti-corruption
- Conflict of interest
- Nomination, succession planning, and remuneration
- Risk management and compliance
- Financial reporting and audit
- Investments and asset management
Risk Management
- Risk management definitions
- Risk management process
- COSO ERM process
- Control activities
- Institute of Internal Auditors (IIA) on control activities
- Risk management categories
- Fraud Risk
Compliance Success Factors
- Definition of compliance
- Implementing a compliance program
- ISO 19600 compliance management
- Causes of compliance program failing
- Results of compliance failures

Schedule & Fees

2026 Schedule & Fees

11 - 15 Oct, 2026

English
Virtual Learning

Per participant USD 1,300

11 - 15 Oct, 2026

Arabic
Virtual Learning

Per participant USD 1,300

29 Nov - 3 Dec, 2026

Arabic
Virtual Learning

Per participant USD 1,300

29 Nov - 3 Dec, 2026

English
Virtual Learning

Per participant USD 1,300

2027 Schedule & Fees

10 - 14 Jan, 2027

English
Virtual Learning

Per participant USD 1,300

10 - 14 Jan, 2027

Arabic
Virtual Learning

Per participant USD 1,300

28 Feb - 4 Mar, 2027

English
Virtual Learning

Per participant USD 1,300

28 Feb - 4 Mar, 2027

Arabic
Virtual Learning

Per participant USD 1,300

11 - 15 Apr, 2027

Arabic
Virtual Learning

Per participant USD 1,300

11 - 15 Apr, 2027

English
Virtual Learning

Per participant USD 1,300

30 May - 3 Jun, 2027

English
Virtual Learning

Per participant USD 1,300

30 May - 3 Jun, 2027

Arabic
Virtual Learning

Per participant USD 1,300

11 - 15 Jul, 2027

English
Virtual Learning

Per participant USD 1,300

11 - 15 Jul, 2027

Arabic
Virtual Learning

Per participant USD 1,300

29 Aug - 2 Sep, 2027

Arabic
Virtual Learning

Per participant USD 1,300

29 Aug - 2 Sep, 2027

English
Virtual Learning

Per participant USD 1,300

10 - 14 Oct, 2027

English
Virtual Learning

Per participant USD 1,300

10 - 14 Oct, 2027

Arabic
Virtual Learning

Per participant USD 1,300

28 Nov - 2 Dec, 2027

English
Virtual Learning

Per participant USD 1,300

28 Nov - 2 Dec, 2027

Arabic
Virtual Learning

Per participant USD 1,300