Implementing A Sustainable Business Risk Management Programme

Product Description

The publication of the Turnbull report in 1999 represented a landmark in the development of the concept of corporate governance. Building on the previous reports of Cadbury (1992), Greenbury (1995) & Hampel (1998) the "combined code" introduced the concept of risk management to the governance of enterprises, not-for-profit organisations & government departments.

The management of business risk has increased in importance due to the requirements of regulatory compliance across the world. The London Stock exchange requires compliance with the principles defined in the Turnbull report whilst American companies must comply with Sarbanes-Oxley. The British Government requires all of its departments to practice risk management & imposes the same requirement on Local Government, the National Health Service & Housing Associations. Even unlisted & not-for-profit organisations can benefit from implementing & maintaining an effective risk management programme.

Many companies have introduced a risk management process only to find that lack of commitment has meant that at best the implementation is patchy & at worse it actually detracts from the effective management of the enterprise. Indeed, like many other projects the goal is seen as implementation in order to meet a regulatory requirement, rather than value added sustainability. This course will deal with the practicalities of introducing a sustainable risk management programme regardless of the type of enterprise, or the business sector. Not all companies will face the same risks & simply identifying a risk is only part of the story. The management of the risk is of equal importance & the course will discuss what techniques are available. The concepts of embedded monitors & early warning indicators will be discussed with regard to their place in the overall risk management process.

This course does not require any understanding of mathematical techniques & will be of benefit to anyone responsible for compliance operations & those requiring to implement a business risk management programme.

This training may be available onsite; please contact us if you are interested.