Qualified Risk Director (QRD®): Establishing an Empowered Board Risk Committee
Board Directors are often confused about the segregation of work and duties between the Board Audit Committee (BAC) and the Board Risk Management Committee (BRMC). This confusion is often exacerbated by the lack of understanding of the concepts of the 1st, 2nd, and 3rd lines of defence. It is critical that Board members understand the forces giving rise to the increasing best practice process relating to the establishment and functioning of the BRMC. This program guides the participants through the factors contributing to effective BRMC empowerment as well as effective terms of reference/BRMC charter. The programs also examines common BRMC pitfalls and potential overlaps between the BAC and BRMC and suggests practical solutions.
Register for this standalone training module or enroll in the full Qualified Risk Director (QRD®) Certification Program.