Governance – Modern Risk Oversight

How to support the modern Director to know what they “should know” and ensure that key mitigating controls to identified risks are working as planned  

Many directors are incorrectly assuming that the actual position of risk is the residual position of the risk, without any report on positive assurance. Furthermore, directors are often the last to know about emerging risks and only engaged when the issue becomes a crisis.

A recent Deloitte study found “with more than 35% of companies experiencing a value-killer event in the last decade, dealing with black swan (high-impact, low-probability events) and interdependent risks will remain a critical challenge.” 

This puts the oversight of emerging opportunity and risk items front and centre in effective, modern governance.

In this 4th session in our series on “Implementing the modern board pack” we explore the 3 best practice outcomes needed in the Modern approach to overseeing emerging and managing identified risks. 

Simon will unpack the distinction between governing emerging items and overseeing the management of identified risks in the operations 

Chapter 4 of the Modern Board Pack considers the modern oversight of risk and will assist both those preparing papers, those advising others who prepare papers and those who sit on boards to understand what should be included in the modern board report on risk oversight.

Topics in this series will explore how to implement each section of ‘The Modern Board Pack’:

• Implementing the Modern Board Pack
• Building Trust between Board and management  
• Developing your strategic cornerstones to a sustainable business
• Modern Risk oversight 
• Risk appetite and measuring key performance
• The Power of Measurement to Embed Modern Governance

Learning Outcomes:

This session will cover:

•    Tools to monitor and understand the changing environment and trigger Governing Body discussion around the “issue” not the “calendar” so that the Governing Body operates well in the “should” mindset. 

•    Adopt systematic oversight of the management of the key identified risks.

•    How to embed a system of positive assurance in your governance process to provide a line of sight regarding policy adherence

Suited to:

Company Secretaries, Company Directors, CEOs, Advisors

This On Demand includes: 

• a recording of the webinar Event which can be viewed multiple times
• a PDF of the presenter’s PowerPoint
• a verbatim Transcript
• any supporting documentation
• a CPD Certificate after successful completion of the Knowledge Quiz