Leverage Regulatory Compliance Requirements to Create Value with Risk Management

Synopsis

Recent corporate collapses and crises have highlighted the weaknesses of existing internal controls and risk management systems triggering strong industry and Regulatory initiatives to raise the standard organisations need to reach in dealing with risk issues.  The concept of compliance means that organizations must follow the rules and regulations of business conduct in each and every country they have operations. There are so many regulatory requirements in global economy that ensuring compliance has become a real challenge for organizations all over the world.

This workshop provides Risk professionals and Compliance Officers and Managers with the knowledge and skills that will help them understand the extent to which organisations and their public officers are exposed to the ever-increasing regulatory environment, how to identify the risk and compliance issues that have the most significance for you and how to integrate and leverage a compliance management programme within the ERM system of your organisation.

Learning Objectives: How you will benefit

• Define the meaning of compliance for your organisation and be capable of developing an organisational response to its demands
• Know what drives your compliance exposure both at home and abroad; internally and externally
• Identify the risks and consequences of non-compliance on the license to operate of an organization
• Appreciate fully the relationship between corporate governance, risk management and compliance (GRC)
• Understand the respective role and responsibilities of the Board of Directors and of the Management in regulatory compliance
• Understand the limitations and risks of ‘NARROW’ Compliance
• Understand the implications of regulatory requirement such as Sarbanes Oxley for corporate accountability and ethical behaviour
• learn how to develop an effective corporate compliance programme tailored to your own organisation’s needs
• Ensure full integration within your ERM system to optimise the organisational structure for both compliance and proactive risk management.

Workshop Outline

• Types of compliance risks
• Analyzing statutory liability exposures
• Regulatory Compliance and Risk Management. Definitions, roles and responsibilities
• Compliance risk management tools and activities
• The role of the board of directors, the supervisors, the internal and external auditors
• The new international landscape and the interaction among regulations
• Compliance culture: Why it is important, and how to communicate the regulatory obligations
• Policies, Workplace Ethics, Risk and Compliance
• Integrating corporate governance and compliance into risk management
• Designing an Implementing an enterprise wide Risk and Compliance Program
• Ongoing compliance reviews and risk assessments for continuing compliance with laws and regulations