This course introduces students to the wide range of concepts and techniques for identifying, managing and communicating risk in a holistic way that prioritizes appropriate responses. The unit takes a structured approach to the issue of risk management, strategy development and the implementation of systems and cultures likely to promote a risk aware organisation. It offers insights into how processes, technologies and techniques for managing risk can be used to benefit from upside risk and mitigate downside risk.
It offers perspectives on the role of the board and corporate governance processes in managing risk and discusses tools and techniques that can be employed by directors and senior managers to ensure appropriate allocation of resources and ensuring business success.
On completing the unit students will have a more profound understanding of the role of the board of corporate governance in risk management systems in order to meet the challenges facing organisations in the technology age.
Theme: What is risk and how can it be effectively managed?
INTRODUCTION TO RISK MANAGEMENT AND CORPORATE GOVERNANCE
RISK MANAGEMENT APPROACHES
RISK EVALUATION AND RESPONSE
The relationship between board, corporate governance, sustainability and risk management
RISK AND BUSINESS SUSTAINABILITY
Analyse risk requirements and demonstrate how these concepts relate to the integrity of management decisions (Applying)
Demonstrate how uncertainties, hazards and risks are assessed and quantified using industry recognised techniques (Analysing)
Research, discuss and report on safety, environmental issues and government regulations relating to risk management (Analysing)
Provide a critique of corporate governance processes and how well they address the needs of corporate social responsibility (Evaluating)
Evaluate a system solution for addressing the broad range of risks facing an organisation taking account of governance and culture (Evaluating)
Paul Hopkin「Fundamentals of Risk Management : Understanding, Evaluating and Implementing Effective Risk Management. Fourth Edition」Kogan Page Ltd.（2017）
Additional Resource Readings
Smartest guy in the room video
COSO ERM videos
Naomi Klein video