Governance, Risk Management and Compliance (GRC)

Start Date End Date Venue Fees (US $)
05 Jul 2026 Dubai, UAE $ 3,900 Register
29 Nov 2026 Riyadh, KSA $ 3,900 Register

Governance, Risk Management and Compliance (GRC)

Introduction

Corporate governance and risk management are critical topics that are attracting more attention in business schools and among legislatures, with this trend only increasing. While there are different models for corporate governance and risk management, all of them aim at controlling risks effectively and organizing the relationship between a company and its stakeholders. What is more important is the fact 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 structures, committees, and their functions while covering the detailed process of managing risks as per the Committee of Sponsoring Organizations (COSO) of the Treadway Commission requirements in comparison to ISO standards. In addition, this course includes a module on compliance as per the ISO standards that cover the latest developments in this area.

Objectives

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

    • Advice on developing a board structure that includes executives, non-executives, and independent members with varied experience
    • Assist in formulating committees and establishing committee requirements
    • Promote the proposal of policies for the company that need board approval
    • Support the creation of a successful risk management function based on COSO and ISO recommendations
    • Contribute to establishing better compliance in the organization by utilizing ISO requirements

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

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

Day 1: The Board of Directors

  • Shareholders' rights and duties
  • Stakeholders definition
  • Directors' duties
  • Risks of governance failures
  • The efficient board
  • CMA definitions on board membership
  • CMA on non-independence of board members

Day 2: Board Committees

  • Ethics and CSR committee
  • Nomination committee
  • Remuneration committee
  • Governance committee
  • Risk and compliance committee
  • Executive committee
  • Audit committee
  • Investment committee

Day 3: 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 policy
  • Risk management and compliance policy
  • Financial reporting and audit policy
  • Investments and asset management policy

Day 4: Risk Management

  • Risk management definitions
  • Risk management process
  • ISO 31000 risk management principles, framework, and process
  • ISO 31000 risk management process
  • COSO ERM process
  • Risk response = 4 Ts
  • Control activities
  • Internal audit role in assessing risk management
  • IIA definitions
  • IIA guidance
  • IIA standard 2120
  • Internal audit assessment of risk management
  • Internal audit engagement approach
  • Risk management categories

Day 5: Compliance success factors

  • Definition of compliance
  • ISO 19600 compliance management
  • Implementing a compliance program
  • Causes of compliance program failing
  • Results of compliance failures

Accreditation

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