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?
The three lines model, and how it assists in achievement of objectives
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.
Internal audit - The role of the combined assurance in the business continuity process and how it assists the Board in making key decisions.
- Lectures 9
- Quizzes 0
- Duration 16 CPD points
- Skill level All levels
- Language English
- Students 160
- Certificate Yes
- Assessments Self
KING IV requirements and the role of the Board
The three lines model and achievement of objectives
Business impact of COVID