An Interactive 10-Day Training Course
The 10-Day Corporate, Risk Management & Compliance
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Modules
This training course is split into two modules:
Module I - Corporate Management & Control
Module II - Risk Management, Control & Compliance (Corporate Governance)
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.
Training Outline
Module 1: Corporate Management & Control
DAY 1: Introduction to Corporate Management & Control
- Overview of corporate management and control
- Definition and importance
- Key principles and objectives
- Corporate governance frameworks
- Global best practices (e.g., OECD Principles of Corporate Governance)
- Regional and country-specific frameworks (e.g., UK Corporate Governance Code, King IV Report in South Africa)
- Legal and regulatory landscape
- Companies Act and securities regulations in various jurisdictions
- Industry-specific regulations (e.g., EU Gas Directive, Nigerian Oil and Gas Industry Content Development Act)
- Board of directors and management responsibilities
- Roles and duties
- Composition and structure
- Effective decision-making processes
DAY 2: Risk Management and Internal Control
- Risk management framework
- Identification, assessment, and mitigation of risks
- Enterprise Risk Management (ERM) concepts and standards (e.g., COSO ERM Framework, ISO 31000)
- Internal control systems
- Design and implementation of effective controls
- Monitoring and testing of controls
- Sarbanes-Oxley Act (SOX) and its impact on internal control requirements
- Compliance management
- Compliance with laws, regulations, and industry standards
- Anti-bribery and corruption laws (e.g., UK Bribery Act, U.S. Foreign Corrupt Practices Act)
- Money laundering and terrorist financing prevention (e.g., EU Anti-Money Laundering Directives)
DAY 3: Financial Management and Reporting
- Financial management principles
- Financial planning and budgeting
- Capital structure and financing decisions
- Working capital management
- Financial reporting and disclosure
- International Financial Reporting Standards (IFRS)
- Regional and country-specific accounting standards (e.g., UK GAAP, IFRS as adopted by the EU)
- Transparency and disclosure requirements (e.g., EU Non-Financial Reporting Directive)
- Auditing and assurance
- Internal and external audit processes
- Auditor independence and rotation requirements
- Audit committee responsibilities
- Financial analysis and performance metrics
- Key financial ratios and indicators
- Benchmarking and industry comparisons
DAY 4: Sustainability and Corporate Social Responsibility (CSR)
- Sustainability reporting frameworks
- Global Reporting Initiative (GRI) Standards
- Sustainability Accounting Standards Board (SASB) Standards
- Task Force on Climate-related Financial Disclosures (TCFD) recommendations
- Environmental, Social, and Governance (ESG) factors
- Integration of ESG considerations into decision-making
- ESG disclosure requirements (e.g., EU Sustainable Finance Disclosure Regulation)
- Corporate social responsibility initiatives
- Stakeholder engagement and community relations
- Human rights and labour practices
- Supply chain management and responsible sourcing
- Sustainability in the oil and gas industry
- Industry-specific sustainability challenges and opportunities
- International Petroleum Industry Environmental Conservation Association (IPIECA) guidance
DAY 5: Emerging Trends and Practical Application
- Emerging trends in corporate management and control
- Digitalization and technology-driven governance
- Cybersecurity and data privacy considerations
- Blockchain and its potential applications in governance and compliance
- Action planning and implementation
- Developing personalized action plans for improving corporate management and control in participants' organizations
- Strategies for overcoming challenges and barriers to implementation
- Course review and wrap-up
- Key takeaways and lessons learned
- Next steps and resources for continued learning and development
Module 2: Risk Management, Control & Compliance (Corporate Governance)
DAY 6: Understanding Risk Management – Context and Application
- Creating a Robust Strategy – The foundation of your business
- Understanding the Difference between Strategic and Operational Risk
- Risk and Uncertainty: The Difference between the Two Terms
- Risk Aversion and Risk Tolerance – Project Selection and Prioristisation
- Using Quantitative and Qualitative Techniques in Assessing Risk
- The Concept of the Risk Management Cycle and How This Works
DAY 7: Identifying and Evaluating Risk
- The Principal Drivers of Risk in Contemporary Business
- Assessing Most Significant Categories of Risk for Business
- Global Processes, Guidelines and Standards in Risk Assessment
- The Relevance of ISO and the Professional Institutions
- Application of the Main Tools and Techniques in Managing Risk and Uncertainty
- Optimising a Risk Management Process
DAY 8: Understanding and Managing Specific Types of Risk (I)
- Strategic Risk – Deciding on the programme / project mix
- Incorporating Risk Analysis into Business Development Decisions
- Contingency Planning and Understanding Risk Exposure
- Operational Risk – Coping with variance and divergence from plan
- Managing Complexity in Contemporary Business Structures
- Managing Risk Associated with Alliances and Joint Ventures
DAY 9: Understanding and Managing Specific Types of Risk (II)
- Financial Risk – Capital market dynamics, exchange rate exposure
- Risks Associated with Different Forms of Corporate Capital Structure
- Risks Associated with Management of Cash Flow / Credit
- Legal Risk – The Requirements of Corporate Governance
- Risks Associated with Intellectual Property Law
- Product Liability / Litigation / Reputational Risk
DAY 10: Embedding Risk Management into the Corporate Culture
- Latest Developments in the Field of Risk Management
- A Structured Approach to Implementing Risk Management
- Designing / Developing a Risk Management Process for Your Own Organisation
- Implementing and Embedding a Risk Management Culture in Your Organisation
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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