Training Course Introduction
In light of the increasing challenges faced by organizations across various sectors, sound Governance, Risk Management, and Compliance (GRC) practices have become essential pillars for ensuring business sustainability and strengthening trust among investors and stakeholders. This specialized course provides participants with a comprehensive framework to understand the latest practices and standards in governance, risk management, and compliance. It enables them to make strategic decisions that support organizational goals and minimize potential risks.
General Objective
This course aims to equip participants with the knowledge and skills necessary to develop and implement integrated GRC strategies aligned with global best practices. The ultimate goal is to ensure legal and regulatory compliance, enhance operational efficiency, and build institutional trust.
Course Objectives
- Understand the fundamentals of GRC and the interrelation between governance, risk, and compliance in today’s business environment.
- Analyze and assess risks using advanced risk management tools and techniques.
- Design and implement corporate governance frameworks in accordance with international standards such as COSO, ISO 31000, and OECD principles.
- Achieve regulatory compliance in line with legal requirements and global standards (e.g., SOX, GDPR, IFRS).
- Develop internal audit and control systems to ensure compliance and mitigate risks.
- Promote ethics, transparency, and integrity as core elements of governance frameworks.
- Utilize technology and digital transformation in GRC (e.g., e-governance and digital compliance management).
- Apply best practices in anti-corruption and fraud prevention within organizations.
- Analyze real-world case studies of successful GRC implementation in global institutions.
- Develop effective strategies for crisis and emergency management to ensure business continuity.
Target Audience
- Board Members
- Executive Directors, Risk and Compliance Managers
- Internal Auditors and Review Officers
- Legal Advisors and Compliance Officers
- Governance and Strategy Managers
- Financial and Banking Sector Compliance Officials
- Professionals responsible for regulatory compliance within organizations
Course Outline
Day 1: Introduction to GRC – Philosophy and Importance
- Definition of Governance, Risk Management, and Compliance (GRC)
- Importance of GRC in modern organizations
- The interaction between governance, risk, and compliance
- International standards and regulations affecting GRC
Day 2: Corporate Governance Frameworks
- Concept of governance and its role in sustainability
- Roles and responsibilities of the Board and Executive Management
- Governance standards and frameworks (OECD, COSO, IFC)
- Impact of good governance on financial and operational performance
Day 3: Enterprise Risk Management (ERM)
- Understanding risk and its importance
- Identifying types of risks (operational, financial, legal, strategic)
- ISO 31000 framework for risk management
- Risk assessment and response techniques
Day 4: Regulatory Compliance and International Standards
- The role of compliance in the modern business environment
- Laws and regulatory frameworks (GDPR, SOX, IFRS)
- Building and implementing effective compliance programs
- Leveraging technology to enhance compliance
Day 5: Internal Control and Audit Systems
- Importance of internal control systems
- COSO Framework for building robust controls
- Internal audit roles and responsibilities
- Using data analytics in auditing and control processes
Day 6: Anti-Corruption and Fraud Prevention
- Understanding corruption and its various forms
- Anti-corruption standards (ISO 37001, FCPA, UK Bribery Act)
- Developing strategies to prevent fraud and bribery
- Role of technology in fraud detection
Day 7: Role of Technology and Digital Transformation in GRC
- Digital transformation and its impact on GRC
- Technology solutions for managing compliance and risk
- Cybersecurity and its role in compliance and data governance
- Case studies on technology integration in GRC
Day 8: Business Continuity and Crisis Management
- Concept and importance of business continuity
- Crisis management strategies based on ISO 22301
- Role of governance in crisis response
- Case studies of crisis management in major organizations
Day 9: Practical Application of GRC Systems
- Review of success and failure cases in GRC implementation
- How to design a comprehensive GRC strategy for a real organization
- Practical exercise: Developing a GRC plan for a sample institution
Day 10: Developing Integrated GRC Strategies
- Designing a customized governance framework
- Aligning risk management with strategic goals
- Integrating compliance into operational processes
- Regulatory gap analysis and identifying improvement areas
- Performance evaluation and continuous GRC improvement
- Key Performance Indicators (KPIs) in GRC
- Final workshop and recommendations presentation