2019CorporateGovernance

MODULE 5: RISK GOVERNANCE AND CONTROL ENVIRONMENT FOR COMPANIES
01:00 – 02:30pm
Purpose:To explain the importance and role of management control environment in supporting Corporate
Governance
Outline:
• Introduction to risk governance and the 3 lines of
defense framework
• Risk governance in Indonesia
• Recipe for the development of a risk governance
framework at a company
• Role of the CRO
• Risk management related roles and responsibilities
• Introduction to Management control
• Key elements of management control – Internal audit,
External audit, Compliance, Internal controls
• Role of ‘Internal Controls’ at a company – Key
components of Internal controls
• Internal audit and Corporate governance
• Introduction to the Compliance function
• External audit
• Planning and monitoring function
Outcomes:
Coffee Break 02:30 – 02:45 pm
• Understand the key functionaries of a
company’s risk governance framework
• Understand the considerations in
developing the risk governance structure
• Understand the implementation steps
• Understand the key concepts involved in
the 3 lines of defense framework
• Understand the role of the CRO and the
reporting lines of the CRO
• Understand risk management related roles
and responsibilities
• Understand the key elements of
management control and their role in
Corporate governance
• Understand the components of internal
controls and its framework
• Understand the role Risk management
plays in Internal controls
Corporate Governance Program Descriptors www.ifc.org/corporategovernance
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