Business continuity and risk management during a time of crisis

(3 reviews)
R1,234.00
A large percentage of companies don’t risk assess their PURPOSE/strategic plans/objectives in any serious way. What will it take to convince CEOs/Boards to integrate ERM and strategic planning? The evidence is clear - few companies apply formal risk assessment during their strategic planning process. NCS/AICPA annual “Risk Oversight” survey continues to report low integration of strategic planning and ERM. Two McKinsey partners, authors of “STRATEGIC PLANNING BEYOND THE HOCKEY STICK”, report few companies risk assess strategic plans being presented to Boards for approval. Why is this? I think the biggest single reason is simple – a lot of CEOs still don’t think they need formal risk/certainty assessment during the strategic planning process. Most boards don't expect or demand it......"Tim Leech"
R1,234.00

Winston Churchill said: “Never let a good crisis go to waste”

In normal circumstances the Board Of Directors is the link between capital investors, who have the most to lose, and those who are employed to manage and create value for the investors. A Board's responsibilities will include determining the long term goals of the company, providing leadership to achieve these goals, ensuring that the management of the business is effective and also to report to shareholders on its performance to date. How does this change in a time of crisis?

Course content

The three lines model, and how it assists in achievement of objectives

  • KING IV requirements

  • The COSO ERM model

  • Providing leadership in risk management - empowering management to make decisions.

  • Risk Assessment – the new normal, focussing on solvency and liquidity

  • Business continuity plan development - standards and guidelines and risk management strategy - plan, respond and rebuild.

  • The role of the combined assurance in the business continuity process and how it assists the Board in making key decisions.

Course Features

  • Lectures 9
  • Quizzes 0
  • Duration 16 CPD points
  • Skill level All levels
  • Language English
  • Students 163
  • Certificate Yes
  • Assessments Self

    2 Comments

  1. Pieter Engelbrecht
    October 26, 2021
    Reply

    Excellent presentation with clear focus on the responsibilities of the Board, the value of combined assurance and the ongoing monitoring capacity of risk management. Thank you for this course

  2. Rendani Makhado
    October 26, 2021
    Reply

    It was a value for money course. Thank you. We underestimate the importance of combined assurance.

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