Risk Management Issues For The Board Of Directors

Following the recent financial crisis, much attention has been paid to risk management as the crisis revealed that present risk management frameworks turned out insufficient to avoid or even ward against the economic upheaval. Sound knowledge about how to optimize risk management is vital for the success and survival of all firms.

This webinar is about how the top management can identify the largest business risks as well as monitor them. We will discuss ways in which the largest risks (both financial non-financial) can be controlled and mitigated. In short the training will deal with how the risk management function can be transformed from a pure cost center into a profit center that provides the company with added value. Attendees will learn how risk management can even be used to reduce large potential loss of goodwill in the media and among the people (e.g. the recent BP oil spill accident).

You will also learn to analyze the costs and benefits of various risk management initiatives by defining Key Risk Indicators (KRIs). We will discuss how to report the largest risks to the board and how to design a framework for your companys overall risk management policy. This webinar will be invaluable for current and potential top managers.

Areas Covered in the Seminar:

- Dealing effectively with financial risks.
- Identifying non financial risks.
- Implementing risk mitigation strategies.
- Measuring the changes in the firms overall risk profile.
- Reporting of risk management.
- Identifying Key Risk Indicators.

Who Will Benefit:

This webinar will benefit current and potential Board of Directors and Top Managers in listed firms worldwide, regardless of industry.Furthermore, it will benefit

- Business lawyers
- Auditors and
- Business consultants that frequently interact with top management

Instructor Profile:

Kersi Porbunderwalla, for the past 15 years Kersi has gathered an in depth knowledge, experience and background in structuring and developing the objectives to achieve a state-of-the-art Corporate Governance, Risk management and Compliance (GRC) programs for several International companies like ExxonMobil, IBM, Volvo, Shell, BP etc. His initial decade long experience in accounting and finance is instrumental in analyzing and identifying key control weaknesses and the ability to see the bigger Governance scenario of a company.

Caspar Rose, is currently professor of corporate governance at Copenhagen Business School (CBS). He holds a background in law as well as in finance where he combines the use of quantitative methods with a detailed legal analysis. Caspar Rose has worked as legal advisor for the Confederation of Danish Industries (Dansk Industri) as well as chief analyst in Danske Bank. He has published extensively in international scientific journals. Caspar Rose has also served a consultant for a number of large Danish listed companies. His core competences include; remuneration systems, board evaluation, risk management, M&As and managerial liability.