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Helping boards raise expectations of the risk management function
January 20 @ 10:00 am – 11:00 am EST
Description:
Enterprise risk management (ERM) has evolved dramatically over the past two decades, from a reactive, box-ticking process to a proactive, decision support framework that helps organizations navigate uncertainty and seize opportunities. While boards have a legal duty to ensure risks are managed, they often struggle to ask the right questions or evaluate the effectiveness of risk management.
To bridge this gap, IIA Norway’s Risk Management Network developed practical guidelines designed to empower boards to challenge and improve risk management. These guidelines are concise, jargon-free, and supported by clear explanations, making them an accessible and powerful governance tool. The guidelines are based on international principles, including the fiduciary duties of care and loyalty, as well as the duty to monitor. These are recognised principles in Western jurisdictions and incorporated into civil law.
In this webinar, three of the experts behind the guidelines will present key elements of the document and share practical suggestions on how boards, as well as second and third line functions, can use these questions to elevate risk management practices.
Learning objectives:
- Understand the key elements of a proactive ERM function.
- Recognize the board’s responsibilities for risk oversight.
- Participants will also receive access to the full guidelines, enabling them to challenge and improve the existing risk management structure within their organizations.
CPE credit(s): 1
Field of study: Management Services
Instructional delivery method: Group Internet Based
Level: Basic
Prerequisite: None
Advanced preparation: None
*Click here for more CPE information.
