Course description
Rcademy’s Corporate Governance & Risk Management for State & Public Sector Organisations course will provide participants with the techniques and tools they need to apply the fundamentals of corporate governance in their public sector engagement. As an organization, this training course will help you develop and maintain the appropriate structures and systems needed to achieve top-notch organizational performance. This training course will also walk participants through a robust engagement of good governance practices and standards.
How does risk management relate to corporate governance?
While many try to distinguish and treat them separately, corporate governance also entails effective determination, identification, and management of risks. Indeed, the responsibility to manage risks falls within the corporate governance structure in every sector – state or public.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
The Certificate in Corporate Governance and Risk Management for State and Public Sector Organisations by Rcademy is open to professionals in the state and public sector. Nevertheless, it will be best suited for the following:
- Regulatorsin both local and state government
- Stakeholdersin the public sector
- Regulatory managers
- Public sector business consultants
- Public sector professional advisers
- Membersof public sector advisory and audit committee
- Risk managers
- Compliance managers
- Other managersrequire a deep understanding of the public and state sectors’ risk and governance management concepts
- Local, provincial, and national government senior officials
- Staffwith a governance responsibility
- Aspiring and new board members
- Companies’ secretaries, managers, accountants, directors, financial professionals, senior managers, heads of departments, and others responsible for the management of risk and governance
- Senior officials and executives of the non-listed organization and state-owned companies
Outcome / Qualification etc.
After taking Rcademy’s course on Corporate Governance & Risk Management for State & Public Sector Organisations, participants should be able to:
- Explain the nature, components, and significance of governance, including how to leverage it within the public and state sectors
- Pinpoint good governance requirements, relevant roles, its responsibilities, including accountabilities in the public and state sector
- Manage leads and establish specialist functions that meet the standards and codes of corporate governance
- Manage the development and required changes effectively for the public and state sector
- Understand the board’s responsibilities and roles and those they interact with
- Understand the board’s management in the implementation of the principles of good governance
- Pinpoint risk areas for public and state sectors that
- will potentially impact corporate governance
- Appreciate risk management role in the management and governance of the organization
Training Course Content
Module 1: Overview of the Governance of the Public Sector
- Public sector governance: Definition and concept
- Functions and responsibilities
- Significance
- International governance trends
- Principles of Bathos Pele
Module 2: Corporate Governance
- Principles – Responsibility – Accountability – Transparency – Fairness – Hard work/diligence – Independence – Social responsibility
- Pillars – Transparency & accountability – Leadership – Assurance – Stakeholder management
- The framework of good governance – Board of directors – Executive management – Internal auditors – External auditors
- Importance of governance
- Documentation and guidelines – Governance documents – Statutes – Corporate law
- State body’s governance practice code
Module 3: Establishing Corporate Governance
- Approaches to establishing better governance
- Establishing structures and processes
- Human resources management
- Choosing the right human and material resources – Roles and responsibilities
- Oversight and supervision
- Governance arrangement reviewing
Module 4: Managing Corporate Governance
- Organization and compliance function
- Internal Control
- Risk management
- Financial management – Budgeting – Revenue reporting – Expenditure control – Audit process – Audit committees
- Employees management
- Stakeholder and consumer management
Module 5: Public Governance and Common Building Blocks
- Board of Directors structuring
- Leadership – Criteria – Qualities – Skills needed – Responsibilities – Expectations
- Talent recruitment strategies
- Value-based and ethical culture
- Establishing structures of various governance committees
- State bodies and department
Module 6: Culture, Relationships & Communication Between States Bodies and Department
- Internal financial controls statement
- External assessment mechanisms
- Accountability mechanisms
- External stakeholders and establishing relationships
- Effectively working and organizational boundaries
- Effective communication implementation and oversight
Module 7: Risk Management, Assurance, and Compliance Systems
- Risk concept and defining what is a risk (Before) – Identification – Reporting – Documenting – Prioritizing – Evaluation – Selection and elimination
- Risk management (After) – Reacting – Mitigation – Monitoring – Control – Prevention
- Risk management structure
- Role of every personnel
- Processes and principles of risk management
- Case study approaches to managing risks
Module 8: Security in Corporate Governance
- Concept of security
- Identification and management – Assets – Liabilities – Vulnerabilities
- Managing security – Structure – Postings – Personnel and personnel training – Tools needed for effective security – Supervision and routine checks
- Cybersecurity
- Safe rooms
- Preventing and managing breaches
- Case studies
Module 9: Evaluation, Performance Monitoring, and Strategic Planning
- Review mechanisms and strategic planning
- Board committees role
- Audit committees, remuneration, and nomination workings
- Evaluation and performance monitoring
- Alternative board committees
- Principle-based or rule-driven?
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...