Presented in association with

Corporate Governanace

Business Risk Management

The management of business risk has become of great importance due to the impact of regulatory compliance across the world. The London Stock Exchange requires compliance with the principles defined in the Turnbull report whilst American companies must comply with Sarbanes-Oxley. The British Government requires all of its departments to practice risk management and imposes the same requirement on local government, the NHS and housing associations. Even unlisted and not for profit organisations such as charities can benefit from an understanding of risk management. Not all companies will face the same risks, but an understanding of the nature of risk and how risks can be identified and categorised will be useful to any organisation. Simply identifying a risk is only part of the story. The management of the risk is of equal importance and the programme will discuss what techniques are available. The concepts of embedded monitors and early warning indicators will be introduced and how they fit into the overall risk management process. This programme is designed to introduce participants to the principles of risk in a non-mathematical and practical manner. The programme will be of benefit to anyone involved in compliance operations and to those involved in general business risk management.

PROGRAMME

THE NATURE OF RISK

• Background
• Probability
• Consequence
• Time scales
• Risk and business objectives
• Roles and responsibilities

RISK IDENTIFICATION

• Why categorise?
• Types of risk – financial, operational, compliance, safety, security and environmental risks
• Different risks, different scales?
• Roles and responsibilities

MANAGING RISK

• Inherent risk
• Residual risk
• Retained risk
• Decision process
• Mitigating actions
• Embedded monitors
• Early warning indicators
• Roles and responsibilities

REPORTING ON RISK

• Data collection
• Formatting
• Frequency
• Self certification
• Objective assurance
• Roles and responsibilities

SPEAKER

John Mitchell PhD, MBA, FBCS, FIIA, CISA, CFE, QiCA
Managing Director, LHS Business Control

13 May 2008	£560 + VAT
4 November 2008	£560 + VAT

1 day course 09.30-17.00

“An interesting introduction to a fascinating subject delivered in a lucid, anecdotal style”

Business Risk Management