Course Summary
Learn how to effectively engage board members in risk governance to promote a culture of risk management within your organization in this comprehensive course.Key Learning Points
- Understand the role of the board in risk governance and how to engage them effectively
- Develop a risk management framework and identify key risk indicators
- Learn how to implement risk management processes and communicate risk information to stakeholders
Related Topics for further study
- Risk Governance
- Board Engagement
- Risk Management Framework
- Key Risk Indicators
- Stakeholder Communication
Learning Outcomes
- Develop a risk management framework tailored to your organization's specific needs
- Engage board members effectively in risk governance
- Implement risk management processes and communicate risk information to stakeholders
Prerequisites or good to have knowledge before taking this course
- Basic understanding of risk management
- Familiarity with organizational governance structures
Course Difficulty Level
IntermediateCourse Format
- Self-paced
- Online
- Video Lectures
Similar Courses
- Enterprise Risk Management
- Risk Management for Small Businesses
Related Education Paths
Notable People in This Field
- Johnathan Mun
- Carol Fox
Related Books
Description
All organisations must grapple with fundamental issues at the heart of governance: who are our stakeholders? What are their objectives? How can we ensure these objectives are met as effectively as possible? How can we ensure all legitimate stakeholders are treated fairly? Via structured learning activities (video lectures, quizzes, discussion prompts and written assessments) this course will teach you how to address these questions and how a sound governance structure and comprehensive risk management framework can support you and your organisation in achieving its objectives. You will consider contemporary ethical issues and devise practical responses to them, and finally, you’ll discover that your future ‘influencing’ challenge will be to encourage all members of your organisation to understand their role in serving your organisation’s stakeholders.
Knowledge
- Analyse governance structures for ensuring that an organisation meets its objectives.
- Apply a risk management framework, having regard to the business context, including the identification of appropriate risk management solutions.
- Identify and respond effectively to ethical issues.
Outline
- Risk management framework
- Course welcome and introduction
- Week 1 outline
- Video 1.1 Introducing risk management
- Video 1.2a The risk management process
- Video 1.3a Behavioural bias: Overconfidence (Do trivia quiz before watching this video)
- Learning activities and assessment
- Trivia quiz (Do this quiz before watching Video 1.3a)
- Explore further resources 1
- Week 1 quiz
- Foreign exchange risk
- Week 2 outline
- Video 2.1a Introducing Larry's Luxury Food and Wine
- Video 2.1b Risk assessment: Identifying risk
- Video 2.2a Looking at historical data
- Video 2.2b Risk analysis and evaluation with Monte Carlo simulation
- Video 2.2c Log returns for beginners
- Introduction to FX risk: Risk management criteria
- I​ntroduction to FX risks: Types
- I​ntroduction to FX risks: Derivatives
- Explore further resources 2
- Introduction
- Monte Carlo simulation
- Computing random numbers
- Parameter estimates
- Practice exercises 2a
- Practice exercise 2b
- Recall 2: Foreign exchange risk
- Week 2 quiz
- Governance
- Week 3 outline
- Video 3.1 Incentive conflicts s
- Video 3.2 Board influence
- Video 3.3 Shareholder influence
- Become a Global MBA learner
- The governance glossary
- Explore further resources 1
- Recall 3: Governance overview
- Week 3 quiz
- Risk governance and culture
- Week 4 outline
- Video 4.1a Treatment: Capital structure
- Video 4.1b Treatment: Operational strategies
- Video 4.2a Risk governance
- Video 4.2b Three lines of defence
- Explore further resources 4
- Practice exercises 4
- Week 4 quiz
- Operational risks
- Week 5 outline
- Video 5.1a Root cause analysis
- Video 5.1b Analysing risk events
- Video 5.2 Subjective risk assessment
- Explore further resources 5
- Practice
- Recall 5
- Week 5 quiz
- Misconduct risk
- Week 6 outline
- Video 6.1 Workplace misconduct: Individual factors
- Video 6.2a Workplace environment and misconduct
- Video 6.3 A practical approach to misconduct
- Course wrap-up
- Explore further resources 6
- Recall 6
- Week 6 quiz
Summary of User Reviews
Learn about risk governance and engaging the board in this comprehensive course on Coursera. Users have given this course high ratings and find it to be informative and engaging. One key aspect that many users thought was good is the course's focus on practical applications and real-world scenarios.Pros from User Reviews
- Informative and engaging course
- Focus on practical applications and real-world scenarios
- Well-structured and easy to follow
- Course materials are well-presented and comprehensive
- Great instructors with extensive knowledge and experience
Cons from User Reviews
- Some users found the course to be too basic or repetitive
- Course content may not be relevant to all industries
- Limited interaction with instructors and other students
- Some technical issues with the platform
- Not enough case studies or examples
Professor Elizabeth Sheedy
4.8 Raiting
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