Introduction
This comprehensive training course on Corporate Governance & Risk Management for State & Public Sector Entities is designed to equip participants with modern tools and techniques necessary for implementing effective corporate governance principles within the public sector. The course aims to enhance organizational effectiveness by establishing robust governance systems and structures. Participants will gain a deep understanding of the implications and benefits of adhering to high standards of governance practices.
Course Objectives
- Understand and articulate the core aspects and importance of governance in the state and public sector.
- Identify and implement the elements of effective governance, including roles, responsibilities, and accountability.
- Develop and manage specialized functions that comply with the latest corporate governance codes and standards, effectively managing change within the organization.
- Understand the roles and responsibilities of boards and management in fostering governance principles.
- Recognize various risks associated with corporate governance and understand the role of risk management.
- Implement and monitor a risk management policy and maintain risk registers.
Target Audience
- Managers and officials in regulatory bodies, local government, and public sector stakeholders.
- Business consultants and professional advisors specializing in public sector governance.
- Members of Audit and Advisory Committees.
- Risk and Compliance Managers.
- Middle managers who need a comprehensive understanding of governance and risk management.
- Senior officials in national, provincial, and local government.
- Board support staff and those responsible for governance.
- New or aspiring board members.
- Senior executives from state-owned and private entities concerned with governance and risk management.
Course Outline
Day 1: Overview of Public Sector Governance
- Introduction to global governance trends and the Batho Pele Principles.
- Definition and principles of public sector governance.
- Governance frameworks and their importance.
- Comparison with private sector governance, guidelines, and documentation.
- Codes of practice for state bodies governance.
Day 2: Establishing Effective Governance
- Strategies for building better governance structures.
- Optimal decision-making processes.
- Review and fraud detection techniques.
- Role of compliance and top management in governance.
- Effective assurance and audit processes.
Day 3: Foundations of Public Sector Governance
- Establishing leadership and ethical foundations.
- Developing a culture based on values.
- Structuring appropriate governance committees.
- Enhancing inter-departmental communication.
- Accountability mechanisms and engagement with external stakeholders.
Day 4: Integrated Risk Management, Compliance, and Assurance
- Risk identification, prioritization, and management techniques.
- Understanding the role of risk management in governance.
- Adhering to risk management standards and processes.
- Compliance requirements and their implications for governance.
Day 5: Strategic Planning, Performance Monitoring, and Evaluation
- Implementing strategic planning and review mechanisms.
- Role and functions of board committees.
- Performance monitoring, evaluation, and accountability of board committees.
- Emphasizing a principles-based approach to governance.
