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Governance, Risk and Compliance Masterclass

3 Day Training

Dates: 12 – 14 Mar / 21 – 23 May 2024
Locations: Johannesburg, South Africa
Platform: Available In-Class / Online

Price: Available on request

This is a Non-accredited Course

Course Introduction

This 3-day Masterclass on Governance, Risk & Compliance (GRC) is designed to provide delegates with the knowledge necessary to effectively design and enhance integrated GRC activities across your company. In addition to this, it equips participants with the tools and techniques to understand your company obligations, to mitigate risk and to have a proper structure in place on how to manage it when an issue arises. This Masterclass is an intensive and highly practical program which delivers tremendous value to your company and contributes to building an ethical culture, establishing acceptable standards of behaviour, and mitigating risk. Risk isn’t something that should be avoided. Rather, it’s an opportunity for organisational innovation, developing new competitive advantages, addressing exposures that can threaten an organisation and something that can be integrated into strategic planning. The GRC Masterclass enables participants to develop core operational skills, focusing on best practice and will provide executives at all levels with the skills in risk management, creating compliance culture, and strengthen relationships with key stakeholders.

Course Objectives

By the end of this Governance, Risk and Compliance Masterclass, participants will be able to:

  • Understand the concepts of governance, risk management and compliance (GRC)

  • Understand the regulatory environment.

  • Appreciate the reasons why governance is essential for effective regulatory compliance risk management.

  • Identify high-risk areas and compliance in your organization.

  • Apply Risk-based Approach.

  • Articulate the role of the compliance officer and his team.

  • Develop and implement a governance, risk management and compliance strategic plan.

  • Understand, define, and enhance organizational culture as it relates to performance, risk, and compliance.

  • Implement governance, risk management and compliance processes that are effective and efficient Use a risk-based audit approach.

Who should attend?

  • Executives and Board Members

  • Internal Auditors

  • Compliance Officers / Managers and their Deputies

  • Governance Professionals

  • Risk Managers

  • GRC Professionals

  • Legal Professionals

  • Regulatory Representatives

  • Company Secretaries

  • IT Professionals dealing with governance, risk management and compliance.

Training methodology

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Module 1 – Introduction Governance, Risk and Compliance (GRC)

  • An Overview of the Regulatory Environment

  • International Regulation

  • Know Your Regulator

  • Compliance Environment in South Africa

  • Compliance Function in Your Organisation

  • Compliance Risk Assessments

  • Fraud Risk Assessment

  • Organizational Risk Assessment

  • Compliance Gap Analysis

Module 2 – Corporate Governance

  • Definition of Corporate Governance

  • Objectives and outline of King IV

  • Fundamental Role and duties of the Governing Body

  • Promotion of Diversity

  • Composition of the governing body

  • Committees of the governing body

  • Chairing of the governing body

  • Regulatory requirements

  • Delegation to management

  • Performance evaluations

Module 3 – Risk Management

  • Introduction to Risk

  • Risk Scenario Components

  • Risk Assessment, Risk Treatment

  • Risk Management Process

  • Enterprise Risk Management

  • Risk Management Challenges

  • Risk Management – ISO 31000

  • COSO ERM

  • Enterprise Risk Management Components

  • Goals of an ERM Program

  • Common Challenges in ERM Implementation

Module 4 – Compliance Management

  • The Compliance Challenge

  • What is Compliance?

  • Conformity Assessment

  • The South African Regulatory Landscape

  • Frameworks and Standards Landscape

  • Compliance Framework

  • Australian Compliance Standard – AS 3806

  • Compliance Elements

  • Identifying Compliance Requirements

  • Developing Common Control

  • Mapping Controls

  • Compliance Implementation Approach

 

Module 5 – Governance, Risk Management and Compliance implementation

  • Concepts of the Model of ‘Governance’, ‘Risk’ and ‘Compliance’ (GRC)

  • Principles of Governance, Risk and Compliance

  • Governance, Risk Management and Compliance Roles and Responsibilities

  • Governance, Risk Management and Compliance Integrated Approaches and their Key Enablers

  • Role and Responsibilities of Board and Committees

  • Selective Best Practices

  • Building an Effective Model of Governance, Risk and Compliance in Your Organisation

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