Governance, Risk and Compliance (GRC)|Online

Overview

Why Attend

Corporate governance and risk management are critical topics that have recently started attracting more attention in business schools and among legislatures, with this trend only increasing. While there are different corporate governance and risk management models, they all aim to organize the relationship between the company and stakeholders and effectively control risks. What is more important is that 'Governance, Risk Management, Compliance, and Effective Internal Controls' are all part of one system. Unfortunately, not all companies have this avant-garde look towards this system. This course includes discussions about board structure, committees, and their functions while covering the detailed process of managing risks as per the Committee of Sponsoring Organizations of the Treadway Commission (COSO) requirements. In addition, the course includes a discussion on internal controls that are used to respond to the risks in different areas of the corporation. Compliance is also covered per the latest developments.

Course Methodology

The course is built on presentations by the instructor and the participants and includes exercises and case studies to be discussed in the training.

Course Objectives

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

Define corporate governance and its relation to risk management and internal controls
Explain the roles and responsibilities of the various stakeholders in a private or public organization
List the functions of corporate governance and differentiate between the various models
Identify the areas of risk management and changes in its internal and external environments
Determine the proper controls to be implemented in various business cycles

Target Audience

Board members, chief financial officers, senior management, directors, finance managers, financial controllers, accounting, and finance personnel. The course also benefits legal counsels, corporate legal advisors, corporate secretaries, lawyers, external and internal auditors, HR managers, and department heads.

Target Competencies

Structuring the board of directors
Analyzing board committees
Improving risk monitoring and control
Assessing and analyzing risks
Controlling risks
Reporting risks
Advising on the GRC system

Course Outline

Governance, Risk and Compliance (GRC)
- Introduction to GRC
- Corporate governance principles
- Corporate Governance Benefits
- Implementing and enforcing the code of conduct
- Independence of the board
- The stakeholders
Building Efficient Governance
- Directors’ duties and rights
- Causes of governance failure
- The efficient board
- Selection and remuneration of the board
- Evaluation of the board
- Analyzing corporate governance
- Communicating and implementing corporate governance
Risks in the Corporate Environment
- Introduction to risk management
- Risk management definitions
- Internal environment analysis
- External environment analysis
- Benefits of risk management
Risk Management Process
- Internal environment
- Objectives
- Risk identification
- Risk assessment
- Risk controls
- Risk monitoring
- Communication
- Risk categories
Compliance Success Factors
- Definition of compliance
- Compliance Implementation
- ISO guidance on compliance
- Risks of compliance failure

Schedule & Fees

2026 Schedule & Fees

20 - 24 Sep, 2026

English
Virtual Learning

Per participant USD 1,300

20 - 24 Sep, 2026

Arabic
Virtual Learning

Per participant USD 1,300

22 - 26 Nov, 2026

English
Virtual Learning

Per participant USD 1,300

22 - 26 Nov, 2026

Arabic
Virtual Learning

Per participant USD 1,300

20 - 24 Dec, 2026

Arabic
Virtual Learning

Per participant USD 1,300

20 - 24 Dec, 2026

English
Virtual Learning

Per participant USD 1,300

2027 Schedule & Fees

21 - 25 Feb, 2027

English
Virtual Learning

Per participant USD 1,300

21 - 25 Feb, 2027

Arabic
Virtual Learning

Per participant USD 1,300

21 - 25 Mar, 2027

English
Virtual Learning

Per participant USD 1,300

21 - 25 Mar, 2027

Arabic
Virtual Learning

Per participant USD 1,300

23 - 27 May, 2027

Arabic
Virtual Learning

Per participant USD 1,300

23 - 27 May, 2027

English
Virtual Learning

Per participant USD 1,300

20 - 24 Jun, 2027

English
Virtual Learning

Per participant USD 1,300

20 - 24 Jun, 2027

Arabic
Virtual Learning

Per participant USD 1,300

22 - 26 Aug, 2027

English
Virtual Learning

Per participant USD 1,300

22 - 26 Aug, 2027

Arabic
Virtual Learning

Per participant USD 1,300

19 - 23 Sep, 2027

Arabic
Virtual Learning

Per participant USD 1,300

19 - 23 Sep, 2027

English
Virtual Learning

Per participant USD 1,300

21 - 25 Nov, 2027

English
Virtual Learning

Per participant USD 1,300

21 - 25 Nov, 2027

Arabic
Virtual Learning

Per participant USD 1,300

19 - 23 Dec, 2027

English
Virtual Learning

Per participant USD 1,300

19 - 23 Dec, 2027

Arabic
Virtual Learning

Per participant USD 1,300