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Description

While COVID-19 and political disruptions pose ongoing threats, they have also accelerated and exposed other existing hazards. Cybersecurity vulnerabilities, lack of emergency preparedness, supply chain disruption, reputation risk management in the digital age, and many other internal and external dangers are forcing boards to take a more proactive approach to risk oversight.

As the scope of risk oversight expands beyond strategic and operational risks, organizations are also encountering increasing shareholder and stakeholder engagement and activism, particularly in environmental, social and corporate governance. These developments require boards to be more proactive and engaged in overseeing risk management processes.

Developed in partnership with CPA Canada, and based on the CPA Canada’s: A Framework for Board Oversight of Enterprise Risk, Enterprise Risk Oversight for Directors will equip you with a greater awareness of the board’s role, including value creation, and how to engage in the risk oversight process constructively.

Understand how to better identify and address critical risks, how risks are interconnected and recognize the potential compounding effects of risks. Expert faculty will guide you through modern-day case studies and exercises where you will apply the concepts of the framework in circumstances that organizations may face today.

Who Should Participate?

  • The Board Oversight of Risk is ideal for boards of directors of all industry and organization types who want to improve their navigation of enterprise risk management oversight.

Key Benefits

  • After completing all components of the course, participants will:
    • Enhance awareness of the purpose and value of enterprise risk management.
    • Know how the board should effectively govern the oversight of an organization’s risk management.
    • Acquire a practical framework to oversee enterprise risk, specifically designed for boards of directors.
    • Implement this framework to ensure proactive risk management processes are in place and functioning effectively.
    • Determine why an organization’s risk appetite and culture are essential and how to oversee them successfully.
    • Understand how to identify and assess risks and assign accountabilities to mitigate corporate risk.
    • Apply proven risk mitigation techniques to manage emerging risks, such as ESG-related risks.
    Participants will obtain the knowledge and insights to fully comprehend the role of the board in enterprise risk management today. Participants will also develop their capacity to evaluate how risks interrelate and assess how this may impact the organization.

Format

This program uses a blended online learning structure that weaves together best practices in adult education with opportunities to engage with peers.

  • The structure includes:
    1. Independent online learning (five to six hours)This is a critical component of the course (and includes an e-learning module, videos, readings, and more). It introduces key concepts and will prepare participants for effective participation in the live session and ensure they are ready to apply learnings from the course to their board work. The required independent learning should be completed prior to the live session. It is meant to be completed at a pace that works best for each participant.

    2. Live, instructor-led session (approximately five hours)
      This instructor-led online session will focus on the application of concepts covered through independent learning. Attendance at the live session is required for successful course completion. The live session includes class discussions, breakout group discussions and exercises, Q & A with instructors and other experts, and live interactive panel discussions.

    3. Supplemental resources and tools
      Participants will receive supplemental resources to augment the required components of their independent learning packages

    4. Learning sustainment and engagement opportunities
      Following course completion, participants will be invited to join an Alumni Portal, becoming part of a community where they gain access to tools and resources to help apply course learnings in real-life settings. They will also have opportunities to engage in discussion forums with course peers to exchange questions, ideas and experiences and apply their newly acquired knowledge and skills.

Course Offerings

  •  
    City Course Application Deadline
    4 p.m. ET 
    Live session 
    10 am - 3pm ET 
    Online RSK003 November 1, 2022 November 22, 2022
    Online RSK004 January 05, 2023 January 26, 2023
    Online RSK005 May 03, 2023 May 24, 2023

Faculty


Participants will benefit from the collective knowledge, insights and guidance of a best-in-class teaching team with diverse experience across a variety of types of boards.
 

Robert (Bob) McFarlane, ICD.D Headshot
Judith Athaide, P. Eng, ICD.D, GCB.D Headshot

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