Introduction:
This training course offers a valuable opportunity for your institution to gain in-depth knowledge and apply the latest tools and techniques in the field of corporate governance and risk management in the public sector. The course aims to assist your institution in developing suitable systems and structures to achieve the highest level of organizational performance. This course is a significant opportunity for all participants as it provides them with tangible value by introducing them to the standards and practices of good governance. The program is designed intensively and practically to deliver the fundamental concepts of corporate governance, rules, and best practice recommendations. It also addresses issues related to public sector institutions. This course will provide you with guidance on core governance principles and focus on matters concerning accountability, compliance, risk assessment, disclosure, and transparency requirements. It will help you identify and effectively address management and reporting commitments that impact your institution. Furthermore, the program aims to develop and enhance your skills and knowledge in risk management for state institutions and the public sector. Thanks to this training program, you will receive effective tools and practices for efficiently fulfilling individual and collective governance and accountability roles. The program will also help you lead the organization in risk mitigation and ensure success and sustainability by achieving excellence in governance and effective risk management. You will also learn how to support the effective implementation of these actions and achieve crucial results for stakeholders by acting appropriately and fairly.
Objectives:
- Define governance and its essential components.
- Recognize the importance of governance in the state and public sectors.
- Specify the requirements of sound governance in the state and public sector, clarify the roles and responsibilities related to governance, and provide appropriate accountability mechanisms for officials and employees.
- Establish, lead, and manage specialized functions.
- Identify and manage risks.
- Recognize the compliance management program.
Outline:
- Program introduction, objectives, and components.
- Overview of governance trends.
- What is public sector governance?
- Principles of good governance.
- Governance framework and its significance.
- Similarities and differences with the private sector.
- Guidelines and documents.
- Code of Conduct for State Authorities.
- The right decision: the right people at the right time.
- Governance arrangements review.
- Detecting fraud and anti-corruption measures.
- The compliance function.
- Role of the board/senior management.
- Obtaining assurance.
- Auditing process and audit committee.
- Ethical culture and values.
- Establishing suitable governance committee structures.
- Relationships, culture, and communication between departments and government agencies.
- Internal financial controls statement.
- External assessment contents.
- Clear accountability mechanisms.
- Relationships with external stakeholders.
- Effective cross-boundary work.
- Risk identification, prioritization, recording points, and risk management.
- Role and principles of risk management.
- Compliance requirements and decision-making tools.
- Consequences of governance and controls.
- Monitoring and reporting.
- Effects of governance review arrangements.
- Strategic planning mechanisms.
- Role of board committees.
- Nominations, remuneration, and audit committees.
- Performance monitoring and evaluation.
- Practical workshops and case studies.
- Evaluation and conclusion of the training program.