The first quarter of this century has been particularly disruptive with significant adverse impacts across economies, society, and the environment globally. The future risk landscape heralds not only traditional, risks that we have been grappling with for decades (with limited success, but also wholly new, emerging, volatile, and fast moving geo-political, economic, ethical, technological, AI, environmental and societal risks which threaten our sustainability.
All entities, whether commercial, government or non-profit, must collaborate and engage more effectively and transparently with all stakeholders to pro-actively enable a better future across all sustainability dimensions. Governing bodies are working hard to redefine and elaborate meaningful, relevant organisational strategic purpose and the values that underpin performance. ESG is currently high on all agendas.
Good governance supports effective decision making within a clearly defined ethical and accountability framework, and excellent stakeholder engagement. Good governance achieves an appropriate balance between performance and compliance. To achieve this an organisation needs effective internal control. Rapid advances in digital technology, and newly emerging working norms and societal expectations are significantly changing the control landscape.
An effective Internal Audit function is essential and to gain optimal value for the organisation and the governance machinery. New forward-looking international internal audit standards will be a beacon for development so that internal audit functions can play their full role within an integrated assurance framework.
Includes complementary professional subscription with The Chartered Governance Institute.
This course is week two of The Governance Excellence Toolkit.
On completion, you will be able to:
- Understand the integrated concepts of governance, ethics, performance management, control, internal audit, and assurance and the standards and competencies expected for each, including structural, procedural and behavioural components
- Appreciate how to establish, lead and manage the specialist functions to meet current and emerging global standards
- Evaluate your function’s performance and compliance, and provide information and assurance as required in the accountability framework
- Engage effectively with your stakeholders
- Current and emerging concepts and standards of governance of organisations
- Effective stakeholder engagement
- Performance management
- Effectiveness of the control framework
- Effective internal audit and integrated assurance
All courses will be conducted entirely in English. A proficient level of both spoken and written English is required by all delegates so that they are able to fully benefit from the course and participate in our interactive style of training.