Certificate in Advanced Governance, Risk and Compliance (GRC) - Virtual Learning

Certificate in Advanced Governance, Risk and Compliance (GRC) - Virtual Learning

Why Attend

Corporate governance and risk management are critical topics attracting more attention in business schools and legislative bodies in public and private organizations. While there are different corporate governance and risk management models, all aim to control risks effectively and organize the relationship between a company and its stakeholders. What is more important is that governance, risk management, compliance, and adequate internal controls are all part of one system. Unfortunately, not all companies have this avant-garde approach toward this system. This course includes discussions about board structures, committees, and their functions while covering the detailed process of managing risks per the Committee of Sponsoring Organizations (COSO) of the Treadway Commission requirements compared to ISO standards. In addition, this course includes a module on compliance per the ISO standards that covers the latest developments in this area.

Quick Enquiry Call Me Back
Course Methodology

This course is built on presentations by the instructor and the participants and includes exercises and case studies to be discussed during the training sessions.

Course Objectives

By the end of the course, participants will be able to:

  • Advise on developing a board structure that includes executives, non-executives, and independent members with varied experience
  • Obtain knowledge of the roles of committees on board of directors
  • Assist in establishing the policies to be approved by the board
  • Support the creation of a successful risk management function based on COSO
  • Contribute to advancing compliance in the organization by utilizing ISO requirements
Target Audience

Board members, chief financial officers, senior management, directors, finance managers, financial controllers, accounting and finance personnel, legal counsel, corporate legal advisors, corporate secretaries, lawyers, external and internal auditors, HR managers, employees in GRC departments, and department heads.

Target Competencies
  • Advising on the GRC system
  • Advising on the structure of the board of directors
  • Establishing board committees
  • Advancing board policies
  • Improving risk management functions
  • Expanding compliance functions
Course Outline
  • The Board of Directors
    • Stakeholders' definition
    • Directors' duties
    • Risks of governance failures
    • The efficient board
    • Capital Market Authority (CMA) definitions on board membership
    • CMA on non-independence of board members
  • Board Committees
    • Audit committee
    • Nomination committee
    • Remuneration committee
    • Risk and compliance committee
    • Ethics and CSR committee
    • Governance committee
    • Executive committee
    • Investment committee
  • Policies Approved by the Board
    • Anti-discrimination
    • Anti-harassment and anti-bullying
    • Anti-fraud and anti-corruption
    • Conflict of interest
    • Nomination, succession planning, and remuneration
    • Risk management and compliance
    • Financial reporting and audit
    • Investments and asset management
  • Risk Management
    • Risk management definitions
    • Risk management process
    • COSO ERM process
    • Control activities
    • Institute of Internal Auditors (IIA) on control activities
    • Risk management categories
    • Fraud Risk
  • Compliance Success Factors
    • Definition of compliance
    • Implementing a compliance program
    • ISO 19600 compliance management
    • Causes of compliance program failing
    • Results of compliance failures
MPC Certifications
Meirc Professional Certificate (MPC)

MPC certified courses by Meirc Training & Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an MPC course and successfully complete the test on the last day, will receive a Meirc Professional Certificate (MPC), in addition to the one they receive for full attendance. MPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

List of Certified Courses
Schedule & Fees