Corporate Governance & Risk Management for State & Public Sector Organisations
About Course
Overview
This Corporate Governance & Risk Management for State & Public Sector Organisations training course provides you with the latest tools & techniques to apply the corporate governance fundamentals in the public sector. It will assist your organization in having appropriate systems and structures to achieve a high level of organizational performance. It also provides all the participants with valuable to the implications and the benefits that arise from good governance standards and practices.
This training course is designed to present, discuss, and provide guidance on key governance principles, rules, best practice recommendations, and various issues pertinent to public-sector organizations. It will provide you with a guide of good governance, focusing on accountability, compliance, risk assessment, disclosure, and transparency requirements, to ensure that administration and reporting obligations impacting your organization are identified and addressed. As well, It is also designed to develop and enhance your skills and knowledge of risk management for the state & public sector.
This RTI Training Centre training course will equip the board of directors, senior executives, managers, and heads of departments to effectively discharge their staff and collective governance roles, responsibilities, and accountabilities, and lead the organization to mitigate their risk and ensure the success and sustainability through governance excellence and efficient risk management. It will support to implementation of them effectively and achieve critical stakeholder outcomes by acting appropriately and fairly. Effective management of risk is now recognized as a critical element of good governance and assurance arrangements in public service organizations and state agencies.
By the end of this Corporate Governance & Risk Management for State & Public Sector Organisations training course, participants will be able to:
- Define the nature, important components, and importance of governance, and how to achieve it for the state and public sectors
- Identify the requirements of good governance with relevant roles, responsibilities, and accountabilities within the state and public sector
- Establish, lead, and manage the specialist functions to meet the requirements of current corporate governance codes and standards, and manage the required change and development effectively for the state and public sector
- The role and responsibilities of the Board and those with whom they interact, and Management in implementing good governance principles
- Identify the types of risk for the state and public sectors with a potential impact on corporate governance
- Appreciate the role of risk management in the governance and management of an organization
- Conduct a Monitor program of risk management policy obligations and risk registers
This Corporate Governance & Risk Management for State & Public Sector training course will utilize a variety of proven techniques to ensure maximum understanding, comprehension, and retention of the information presented.
This RTI training course is highly interactive, involving delegates in the discussion, analysis of case studies, videos and exercises. Where appropriate, these will include real issues brought to the workshop by delegates.
This training course is of direct relevance to the public sector, and as a result,t the organizations will benefit greatly from their employees’ participation. The organization will gain from employees with:
- An understanding of the requirements of the Governance & Risk management of State Bodies and other relevant governance expectations
- Enabling the Boards and organizations to make well-informed and appropriate decisions
- It will help senior leaders to recognize the nature and components of effective integrated frameworks for good corporate governance
- Developing the risk management policy effectively
- Skills to evaluate performance and recommend actions to improve performance
- An ability to work independently and as valuable team members
This training course will personally benefit delegates by providing them with:
- Better understanding of the context and importance of the work you do
- Enriched governance and risk management knowledge and gain the latest tools, tips, and strategic thinking to lead your organization within the Public Sector
- Improved knowledge and skills to improve your effectiveness
- An ability to evaluate, analyze, and recommend action
- Increased self-confidence and motivation at work
- Greater job satisfaction in providing quality support to management
- Greater ability to supervise, develop, and motivate colleagues
- Knowledge to implement the structural, process, behavioural, compliance, risk, and performance imperatives needed within a robust accountability framework
- A familiarity with corporate governance requirements of public bodies and how good governance procedures can add to the effectiveness of organizations
This Corporate Governance & Risk Management for State & Public Sector Organisations training course is suitable for a wide range of professionals but will greatly benefit:
- Managers in the regulators, state and local government, and other key Stakeholders within the public sector
- Business Consultants and Professional Advisers to the public sector
- Members of Audit and Advisory Committees for public-sector organizations
- Risk and Compliance Managers
- Middle Managers who require a more in-depth understanding of the concept of governance & Risk Management for the state & Public Sector
- Senior Officials in national, provincial, and local government
- Staff who support the Board or with a responsibility for governance
- New or Aspiring Board Members
- Heads of Departments, Directors, Senior Managers, Managers, Company Secretaries, Accountants, and Finance Professionals responsible for Governance & Risk Management
- Executives and Senior Officials of state-owned companies, as well listed, non-listed organizations
Day One: Overview of Public Sector Governance
- An Overview of the International Governance Trends
- The Batho Pele Principles
- What is public sector governance?
- The Principles of Good Governance
- The Governance Framework
- The Reason Governance is Important
- The Similarities and Differences with the Private Sector
- Guidelines and Documentation
- Code of Practice for the Governance of State Bodies
Day Two: Establish Good Governance
- Approaches for Building Better Governance
- Processioning of the Right Decision: The Right People at the Right Time
- Reviewing Governance Arrangement
- Detection of Fraud and Anti-Corruption Measures
- Compliance Function in Your Organization
- The Role of a Board / Top Management
- Effective Processes
- Receiving Assurance
- The Audit Process & Audit Committee
Day Three: The Basic Building Blocks of Public Governance
- Tone at the Top
- An Ethical and Values-based Culture
- Establish an Appropriate Governance Committee Structure
- Relationships, Culture, and Communication between Departments and State Bodies
- Statement of Internal Financial Controls
- Contents of an External Assessment
- Clear Accountability Mechanisms
- Relationships with External Stakeholders
- Working Effectively Across Organizational Boundaries
Day Four: Comprehensive Risk Management, Compliance and Assurance Systems
- Identification of Risk, Prioritizing, Scoring, and Managing Risks
- Role of Risk Management
- Risk Management Principles and Process
- Risk Tolerance and Other Management Approaches
- Compliance Requirements and Decision-making Tools
- Implications for Governance and Controls
- Monitoring and Reporting
- Implications for the Audit and Governance Arrangements
- Comprehensive and Flexible Systems
Day Five: Strategic Planning, Performance Monitoring, and Evaluation
- Strategic Planning and Review Mechanisms
- Role of Board Committees
- Working of the Nomination, Remuneration, and Audit Committees
- Performance Monitoring and Evaluation
- Other Board Committees
- Holding Board Committees to Account
- Principles-based Rather than Rule-driven