Qualified Risk Director (QRD®): Directors’ Guide to ERM and ISO 31000
The role of the board of directors in enterprise-wide risk oversight has become increasingly challenging as expectations for board engagement are at all-time highs. Risk is a pervasive part of everyday business and organisational strategy. But the complexity of business transactions, technological advances, globalisation, speed of product cycles, and the overall pace of change have increased the volume and complexities of risks facing organisations over the last decade. With the benefit of hindsight, the global financial crises, swooning economies and the aftermath thereof, boards are becoming more aware of their responsibilities and challenges in overseeing the management of increasingly complex and interconnected risks that have the potential to devastate organisations overnight.
At the same time, boards and other market participants are receiving increased scrutiny by investors and regulators regarding their role in managing risks. Boards are being asked whether they actually understand the nature and scope of Enterprise Risk Management, how they could have done a better job in overseeing the management of their organisation’s risk exposures, and how properly implemented objective centric (not taxonomy) ERM processes and board oversight can prevent or minimise the impact of the various financial and other crisis on their organisation? This module guides Board Directors through the maze of considerations above against the backdrop of ISO 31000 – the only International Standard on Risk Management.
Register for this standalone training module or enroll in the full Qualified Risk Director (QRD®) Certification Program.