Risk governance and prevention in a chaotic world
Boards and Risks
Risk governance and prevention in a chaotic world
The risks businesses are facing today are enormous: from geopolitical risks, to social evolution, to technological progress to growth risk to many others.High-quality risk knowledge helps the board to focus on the significant issues facing the organization and to provide adequate risk guidance.
Risk awareness and supervision are among the central duties of an effective board, yet despite this important risk mission, many boards do not have a systematic risk approach.
IMD’s Boards and Risks program is an opportunity for board members to develop this approach and to upgrade to best-in-class risk work while differentiating it from executive risk thinking.
Identify and assess your organization’s risks.
Analyze how strategic risk can be assessed and managed.
Gain techniques for setting risk appetite.
Access the risk behaviors of the board and management.
Our board programs are suitable for a wide range of board professionals including board members, chairpersons, board secretaries, aspiring board member and professionals working closely with boards.We also welcome family business members and teams.
Benefit from a complimentary profile assessment to see if this is the right program for you.
The program has been very impactful.Straight after completing it we were having conversations about the risk register, the risk matrix and mitigation plans.
The program showed me the importance of having conversations around the absolute fundamentals of risk and not overlooking these by assuming they’re in place.I now see how crucial it is to actually use governance as a tool to drive value creation and strategy, which is a significant change in mindset.
The more training you have on risks, the more you know how to make informed and well-balanced decisions if things head in the wrong direction.
Boards & Risks provides a heightened awareness of the risks to look out for as a board member; it broadens your knowledge of what you are responsible for.
Understanding risk from the Board’s standpoint, and managing expectations when it comes to risk has been a game-changer.
A board’s job is to manage risk, and the program helped us to structure risk in various categories in order to effectively implement risk mitigation.
Risk was the area where I felt I had the least knowledge and I really wanted to know how we should be working.The models were very relevant and applicable, and I went away with a lot of specific tools to do better.
Boards can tend to think about risk in a narrow way.
The frameworks broadened my perspective and helped me think about risk differently and turn it into opportunity.
– The governance of risk best practices
– Organizational wrongdoing & risk
– Supervisory versus management risk thinking
– Risk simulation
– Risk brainstorming
– Dealing with non-traditional risks
– Strategic risks
– Regime shifts & scenario thinking
– Latest approaches to risks and risk appetite
On completion of this program, you will be part of IMD’s board community.This network of board program alumni meets regularly – face-to-face and virtually – to exchange board experiences from different contexts and discuss the latest developments and trends in governance.You will be able to count on this valuable community of peers for advice and support far into the future.
Length: 2 days on campus.
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Your paths towards certified board excellence
IMD board diplomas
Your paths towards certified board excellence
Successful completion of this program takes you one step closer to joining IMD’s powerful alumni network.
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