Managing Business Risks - One of the Private Boards Most Important Roles
Enterprise Risk Management
Training
Provided by Manufacturing Executive Institute
This workshop focuses on how the Board of Directors can help create an effective framework for risk assessment and management. The program demonstrates how to create a culture within your company that promotes understanding and awareness of risk issues, while at the same time maintaining a balanced perspective on risk management.
Related Jobs or Careers: Board of Directors, CFO, COO, Owner,
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Managing Business Risks - One of the Private Boards Most Important Roles Seminar Schedule
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Managing Business Risks - One of the Private Boards Most Important Roles
The primary objective of this workshop is to demonstrate how a private company's Board of Directors can help their company s management team identify and manage the wide array of risks that have become so pervasive in today s increasingly complex, litigious and rapidly changing world. The workshop will show participants how to create and implement an effective risk management program. Participants will learn how to:
- Work with management to set up an effective risk management
program
- Integrate risk management into the culture & operations of
your company
- Strike a balance between risk & return
- Evaluate the likelihood & potential costs of risk events
materializing
- Integrate risk management into your company s performance
management system
- Determine the costs of prevention or mitigation.
- Develop risk management practices that include a program to
continually evaluate & reevaluate enterprise risks.
This important workshop will specifically address these and several other complex and significant governance issues applying knowledge and techniques developed over many years of serving on Boards of Directors and various board committees and task forces. Topics to be addressed in this valuable program include:
- An overview of Enterprise Risk Management (ERM) balancing
risks & rewards.
- Know your business the art AND science of risk self
assessment.
- Taking a comprehensive view of risk management avoiding the
silo effect.
- Risk management tradeoffs costs vs. quality of information
and risks vs. potential rewards achieving balance in a
complex environment.
- Becoming the inquisitive director what don t you know? What
information is needed to ask better questions?
- The Willie Sutton approach to risk management go where the
money is.
- Peer Discussion... your company's risk management program -
are you assessing & managing risks effectively?
- The role of insurance coverage in a comprehensive risk
management program.
- Risk from a stakeholder perspective customers, vendors,
employees & shareholders.
- Being both a borrower and lender banking relationships &
credit risks.
- Listening to your lawyer why good legal advice is essential.
- Risk management, earnings volatility & enterprise value.
- Cultural impediments to successfully implementing a risk
management program & how to conquer them.
- Examples of risk hot spots that are readily manageable
environmental, health, safety, supplier & personnel issues.
www. mfgexecutive. com
- Work with management to set up an effective risk management
program
- Integrate risk management into the culture & operations of
your company
- Strike a balance between risk & return
- Evaluate the likelihood & potential costs of risk events
materializing
- Integrate risk management into your company s performance
management system
- Determine the costs of prevention or mitigation.
- Develop risk management practices that include a program to
continually evaluate & reevaluate enterprise risks.
This important workshop will specifically address these and several other complex and significant governance issues applying knowledge and techniques developed over many years of serving on Boards of Directors and various board committees and task forces. Topics to be addressed in this valuable program include:
- An overview of Enterprise Risk Management (ERM) balancing
risks & rewards.
- Know your business the art AND science of risk self
assessment.
- Taking a comprehensive view of risk management avoiding the
silo effect.
- Risk management tradeoffs costs vs. quality of information
and risks vs. potential rewards achieving balance in a
complex environment.
- Becoming the inquisitive director what don t you know? What
information is needed to ask better questions?
- The Willie Sutton approach to risk management go where the
money is.
- Peer Discussion... your company's risk management program -
are you assessing & managing risks effectively?
- The role of insurance coverage in a comprehensive risk
management program.
- Risk from a stakeholder perspective customers, vendors,
employees & shareholders.
- Being both a borrower and lender banking relationships &
credit risks.
- Listening to your lawyer why good legal advice is essential.
- Risk management, earnings volatility & enterprise value.
- Cultural impediments to successfully implementing a risk
management program & how to conquer them.
- Examples of risk hot spots that are readily manageable
environmental, health, safety, supplier & personnel issues.
www. mfgexecutive. com
About The Training Provider: Manufacturing Executive Institute
Manufacturing Executive Institute - MEI is a training and publishing organization dedicated to bringing revelant manufacturing and distribution industries knowledge to individuals who are interested in dramatically improving their company's performance. MEI delivers knowledge to these communities in three ways: 1. Live training programs 2. Web-based Training programs 3. Publications. Additional resources include Manufacturing...
