course | Certified Governance, Risk and Compliance Professional With Exam

Introduction to Corporate Governance

• Governance Main concepts
• Governance Evolution and Background
• The three principles: Accountability, Fairness, Transparency

Stakeholder Theory of Corporate Governance

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• Internal and external stakeholders
• The shareholders and general assembly
• The board
• Board committee
• Internal auditor and compliance officer
• Other stakeholders
• The role of governance in stakeholders’ management

The Need for Compliance

• The function of compliance management
• Different types and levels of risks
• Internal and external compliance
• Internal auditing, risk management and compliance management.
• Compliance Statement
• Types of internal compliance at different levels
• Corporate governance context
• Regulatory and the risk of non-compliance
• Policies, procedures, supervision, and governance

Non-compliance Impact on Market and Business

• Loss of business, causes, and avoidance
• Loss of reputation, causes, and avoidance
• Loss of market share, causes, and avoidance
• Loss of trust, causes, and avoidance
• Indirect non-compliance impact on financial profit and loss

Compliance with Governance Policies and Procedures

• Compliance with the Code of conduct
• Compliance with the Code of ethics
• Compliance with the Conflict-of-interest policies
• Equality, diversity, and inclusion, the impact of non-compliance
• Non-compliance with Data protection
• Health and safety, the risk of non-compliance
• Risk management, compliance and conflict of interest
• The principal-agent problem
• Moral hazard and conflict of interests
• The causes of risks
• Professional risk
• The duty of the supervisory board to monitor risk management
• The COSO cube vs ISO 31000
• Legal basis of compliance management
• The CMS control loop

Governance, Risk & Compliance: Integrated Overall Concept

• The GRC framework
• GRC management
• Factors influencing GRC management
• The economic micro and macro influence
• Complexity of the business model
• Demands of the business environment
• Corporate culture & risk appetite
• The elements of the GRC strategy
•  The Risk Assessment of the Internal Audi
• Comparative analysis of GRC functions in risk assessment and monitoring
• Primary activities compliance
• Support activities compliance
• The monitoring of compliance management
• The GRC organization as the backbone of the GRC management model
• Acting on GRC functions at the unit level (micro level)
• The cooperation of GRC functions in management and control board (macro level)
• The GRC communication: medium of demand and promotion
• Instruments, goals and addresses of GRC communication

The IT Role in Corporate Governance

• The GRC technology as an efficiency driver in complex Context conditions
• The IT infrastructure as an efficiency driver of GRC management
• The impact of new artificial intelligence adoption on the IT governance part

Review and Feedback

• Review of key course learnings
• Future trends in GRS practices