Overview

 

This course is designed to equip participants with the essential skills and knowledge to implement and manage effective Governance, Risk Management, and Compliance (GRC) frameworks in their organizations. It focuses on integrating these three critical components to ensure strategic alignment, mitigate risks, and adhere to regulatory requirements. Through practical exercises and real-world case studies, participants will learn to develop policies, assess risks, and foster a culture of accountability and compliance.

 

Objectives

 

By the end of this course, participants will:

1. Understand the fundamental principles of Governance, Risk Management, and Compliance.

2. Learn how to design and implement an integrated GRC framework.

3. Gain skills to identify, assess, and manage organizational risks.

4. Understand regulatory requirements and best practices for compliance.

5. Align governance strategies with organizational objectives and stakeholder expectations.

6. Foster a culture of accountability, ethical behavior, and operational excellence.

    

Target Audience

 

This course is ideal for:

• Compliance officers and risk management professionals.

• Executives and managers involved in governance and strategic decision-making.

• Internal auditors and corporate governance professionals.

• Legal advisors and regulatory affairs specialists.

• Professionals in organizations aiming to strengthen their GRC frameworks.

   

Content

 

1. Introduction to Governance, Risk Management, and Compliance (GRC)

   • Definitions and interconnections between GRC components.

   • Importance of GRC in modern organizations.

   • Key challenges and benefits of integrating GRC practices.

      

2. Corporate Governance Principles

   • Roles and responsibilities of boards and executives.

   • Building a strong governance structure.

   • Ethical leadership and decision-making.

      

3. Risk Management Frameworks

   • Identifying, assessing, and prioritizing risks.

   • Developing risk response strategies: Avoid, mitigate, transfer, or accept.

   • Monitoring and reporting on risk exposures.

   • Tools and techniques for effective risk management (e.g., SWOT, risk matrix).

      

4. Compliance Management

   • Understanding regulatory landscapes and compliance obligations.

   • Designing and implementing compliance programs.

   • Best practices for policy development and enforcement.

   • Ensuring adherence to international standards (e.g., ISO 31000, COSO).

      

5. Integration of GRC Frameworks

   • Steps to create a unified GRC approach.

   • Aligning GRC activities with organizational objectives.

   • Utilizing technology for GRC integration and automation.

      

6. Monitoring, Reporting, and Continuous Improvement

   • Developing Key Performance Indicators (KPIs) for GRC success.

   • Regular audits and reviews for compliance and risk management.

   • Adapting GRC practices in response to emerging risks and regulations.

      

7. Case Studies and Practical Applications

   • Analyzing real-world GRC successes and failures.

   • Group exercises on risk assessment and compliance planning.

   • Developing a GRC strategy tailored to organizational needs.