Introduction

The recent decade of compliance and governance violations committed by Fortune 500 enterprises is indeed alarming. Most notably, big firms such as Volkswagen, Wells Fargo Bank, Toyota, Meta Platforms, Theranos, Wirecard and the entire banking industry had led many to question the lack of both governance and compliance in the workplace. Many questions had been asked by regulators, shareholders and by members of the general public who were puzzled by their behaviours.

Global businesses increasingly rely on technology and digital information for their operations. Risks related to digitalised services have been escalated to the Board of Directors’ (BOD) agenda. As a result, many corporations need to improve their cybersecurity practices and resilience to succeed in this new environment.

Compliance and governance start at the top management including the Board of Directors (BoDs) level. Both BoDs and top management must emphasise standards of honesty and integrity and in which they must lead by example to instil the right corporate culture. Failure to consider the impact of its actions on its shareholders, customers, employees and the markets may result in significant adverse publicity and reputational damage, even if no laws has been broken.

This 1-day workshop will focus on the few essential skills and awareness that a risk or compliance or governance manager needs. You'll learn how each of these skill sets impacts a manager's ability to effectively lead his or her employees.

(Face-to-face training with safe distancing and precautionary measures undertaken at our hotel venues which are certified SG Clean. We will continue to adopt a small class size for all our courses)

Course Details:

 

Outline

I. Introduction to Compliance & Governance & Latest Happenings

  • What is Compliance and Governance about?
  • Recognise the inter-relationship of Compliance and Governance to Strategic Planning
  • Issues on Financial Crime, Cybersecurity on data integrity and banking secrecy
  • Integrate Compliance and Governance with Enterprise Risk Management (ERM)

 

II. Built and Align GRC Framework to Strategic Planning to Combat Digital Challenges

  • Structure a Holistic GRC framework at strategic/BOD level
  • Identify the organisation’s strategic objectives
  • Categories the GRC risks at strategic or BOD level
  • Balance risk appetite with risk capacity at strategic planning level
  • Formation of a GRC framework

 

III. Case Study

  • Participants will study a classical case study on how the GRC Framework was misaligned to corporate strategy caused by digital disruption during the strategic planning process. They will identify key lessons learnt while drawing references to current global economic situation leading to best practices being formed and adopted for the formation of GRC Framework.

Outline

IV. The BOD Oversight for Effective Governance, Risk and Compliance (GRC) controls

  • GRC Oversight by BOD
  • GRC Oversight Perspective – Top Down, Bottom Up and Middle Approaches
  • Setup GRC Roles and Responsibilities of BOD, CEO and Exco

 

V. Infer Behavioural Finance on GRC in Digitalised World

  • Top Management behaviour in strategic decision making
  • The importance of behavioural finance and how it affects strategic decision
  • What can we learn from “market history”?
  • Impact on behavioural finance in the organisation

 

VI. Implement GRC Framework into GRC Processes

  • 6 Steps approach from Framework into Processes to combat digital challenges
  • Handle Stakeholders’ expectation and influence from digital world
  • Best practice and sharing of past failures in execution of GRC processes
  • Implement of GRC Framework

 

VII. Case Study

  • Participants will apply behavioural finance techniques on real-world case scenarios and understanding its impact on top management’s strategy selection and decision making, impacted by behavioural bias, coupled with digital disruption and challenges. Participants will be able to drawn concrete lessons learnt resulting in ability to rationalise the making better decision.

Objectives

  • Align GRC to your corporate strategy for holistic strategic planning
  • Learnt the importance of governance, risk and compliance arena in an organisation
  • Apply behavioural finance techniques to identify compliance and governance misconduct
  • Formulate the GRC Framework

Methodology

  • Instructor-led facilitation using video-based learning, caselets & exhibits, case studies & group discussions.

 

Who Should Attend

  • HR Executives & Managers, Risk Managers, Internal & External Auditors, Compliance Managers, Internal Controllers, Accountants, CEOs

 

Benefits of Attending This Course

  • Increase awareness of GRC to working professionals
  • Able to identify potential misalignment in the use of resources to achieve the corporate strategy
  • Setup of GRC Framework

 

What Questions this Training Program Provides Answers To:

  • Increase awareness of GRC to working professionals
  • Able to identify potential misalignment in the use of resources to achieve the corporate strategy
  • Setup of GRC Framework

Trainer

Christopher Goh is a professional with over 20 years of extensive banking experience in risk management, design thinking, compliance, strategic planning and behavioural finance, particularly in enterprise risk management where he spent more than 15 years in this area, as a pioneer in risk management, since 1989.

Prior to being a full-time corporate trainer and consultant, he held the title of Chief Risk Officer for Asia Pacific and established holistic enterprise risk management and compliance framework, which includes compliance and governance, and spearheaded the implementation enterprise risk management process for 3 International banks in Asia Pacific.

Christopher had conducted many in-house corporate seminars for the past 18 years, training international bankers and non-bankers from Asia Pacific regions, Middle East regions, West, Central and South African nations, Moscow and Ulaanbaatar (Mongolia). He had since travelled to over 38 cities to conduct workshops and consultancies globally.

His seminars and consultancy works are mainly focused on Governance, Risk and Compliance, Design Thinking for Bankers and Non-bankers, Enterprise Risk Management, Setting KPIs with Enterprise Balanced Scorecard, Organisational Development Audit/Assessment, Compliance Risk Management, Operational Risk and Compliance Management, and Transforming Strategy into Business Results.

He had published over 20 Risk Management, Strategy and Technopreneurship articles. He had co- authored 3 books published in 2017 namely “Design Thinking for Management, Leadership and Technopreneurship”, “Technopreneurship” and “Design Thinking for Enterprise Risk Management”.

Christopher holds a DBA, D. Phil, MBA and an Advanced Certificate in Training and Assessment (ACTA). He is also an Adjunct Visiting Faculty to some foreign universities on a yearly basis on banking certification courses and/or EMBA courses.

Administrative Details:

Scheduled Date

• 20 September 2022  (1st Run)

Duration / Venue

• 9 am - 5 pm

• Hotel seminar room

 

Certification

A Certificate of Attendance will be awarded at the end of the workshop.

Cost

• S$ 450 per participant

• S$ 400 per participant for 2 or more participants from the same organisation

Refreshments

• Coffee & tea with snacks during the morning and afternoon breaks

• Lunch will be provided

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