The Strategic Risk Oversight Program

Toronto, ONMay 6, 2014

This workshop addresses the increasing expectations placed on board directors as they undertake their oversight role of an organization’s risk management function. It will provide practical tools and perspectives that directors need to guide their company’s strategy within an environment of unparalleled uncertainty.

The Role of the Board in Strategy and Risk Management

  • Develop the ability to analyze how critical assumptions affect the performance of the business strategy and impact the risk profile of the organization.
  • Gain the ability to understand the dynamic nature of an organization’s overall risk exposure.

Fundamentals of Risk Integration

  • Explore the various ERM frameworks and learn how to identify the most appropriate for your organization.
  • Understand how the integration of a risk framework into business practices can lead to the development of a risk-aware culture.

The Oversight of Risk Management Mandate

  • Learn how to identify and discuss the factors that determine the oversight responsibilities of a board and/or committee.
  • Discover how to establish a proper framework for engagement around risk policies and procedures, boundaries of responsibility, the need for collaboration with other committees, and board responsibilities.

Strategic Risk Oversight for Directors

  • Develop practical experience by challenging and assessing the content, inputs, and assumptions used to create risk reports.
  • Gain practical techniques that can be immediately applied in a risk oversight function.

During this one-day program, participants will have an opportunity to:

  • Develop skills needed to effectively evaluate and align their risk oversight to the organization’s strategy.
  • Learn how to create an effective governance structure for risk oversight.
  • Gain an understanding of various enterprise risk management frameworks.
  • Participate in an experiential learning session of scenarios and case study discussions.

Registration for this one-day program: $1,200 (HST exempt). The fee includes the entire day’s program, meals (except dinner), and all program materials.

Chartered Directors are eligible for 8 CPD hours for the SRO Program.

Comments from Participants of the SRO Program

“Learned excellent tools for risk and strategy ‘focus’  in the boardroom that can be taken back to my organization.”

“The practical problems and real life examples helped to anchor the lessons taught.”

“Engaging faculty from the business community with different perspectives and approaches to assessing risk and strategy.”

“All the faculty were engaging and well-informed. The presentations were interesting, thought provoking, and delivered in a refreshing way.”

What our graduates say?

“The Chartered Director program provided me with a solid foundation in governance which built my confidence to comprehensively serve as a director. The exceptional content and educational process enhanced my curiosity, courage and ability to ask the right questions on crown, non-profit and corporate boards.”

Victor T. Thomas, C.Dir., H.R.C.C.C., Vice Chair, SaskEnergy

“I thought the entire program was very well developed and comprehensive. You never know what to expect when you sign-up for these programs and this exceeded my expectations and was a great learning opportunity.”

James Scongack, C.Dir., Vice-President of Corporate Affairs, Bruce Power LP

“I found the Chartered Director Program to be an excellent forum to understand how strong governance complements effective management. The ability to create and execute an effective strategy is significantly enhanced by a robust process inclusive of board engagement where the right questions are asked and expected outcomes are identified. I truly enjoyed the setting which fostered a strong level of interaction that was supported by quality presentations and material. As CEO of a Shared Service Organization set to deliver benefits to its members, I see the advantage of having a number of our board members participating in this program.”

Tony Di Emanuele, MBA, C.Dir., President and CEO, Mohawk Shared Services

“I found the Directors College to be an excellent survey of the important matters of which a director must be aware in today’s corporate environment. The quality of the presentation and materials was first-rate and the perspectives gained were invaluable. I would highly recommend the Directors College.”

The Honourable John Manley, P.C., O.C., C.Dir., Former Deputy Prime Minister and Finance Minister

“The changes that impact corporate governance are establishing a pattern of increased accountability for the delivery of long-term value to customers, shareholders, employees and society. Proper corporate governance is now being defined to include knowledge of critical elements such as risk management and the measurement of strategic performance. At the end of the day, each board will be judged on its ability to effectively deliver value, rather than on its structure. The Directors College innovative program fills a unique and important gap in providing knowledge and insight as to how this expectation can be met. CMA Canada is pleased to be a sponsor of this timely initiative.”

Steve Vieweg, C.Dir., Director, Executive Development, I.H. Asper School of Business – University of Manitoba

“As an organization focused on educating corporate secretaries, the ICSA believes in furthering the potential of board members to better contribute to building effective governance structures. Given the key role of directors and corporate secretaries in applying proper boardroom practices, corporations need to ensure that these individuals meet a professional standard. The Directors College curriculum covers all the formal regulatory issues for directors and also addresses the informal skills of building effective and appropriate relationships with senior management. We see significant benefits to this program and ICSA is pleased to endorse it.”

Lynn Beauregard, President, Canadian Society of Corporate Secretaries

The Directors College has developed a director education program which goes well beyond the fundamentals to address the structures and the behavioural components of principle-based governance. I am proud to be associated with the Directors College and I am honoured to lend my name to the College’s graduate award.

Gilbert Bennett, Director and Former Chairman of the Board, Canadian Tire Corporation Limited

“Our strategy is to raise the horizons and potential of directors by deepening and enriching their knowledge and application of advanced skills. Increasing the effectiveness of existing directors and broadening the pool of potential directors will contribute to the professionalism of boards across Canada.”

David Beatty, Managing Director, Canadian Coalition for Good Governance