An essential part of good corporate governance is the ability of a board to ensure there are good quality internal controls in place. This process is aligned but distinct from internal audit. Another key part of any business is a clear understanding of the risks which that business is prepared to take. Again, this is part of the role of the board and is key to good corporate governance. These topics are examined from an international perspective

The case study in this module looks at the collapse of Carillion in 2018.

Session content

• The distinction between internal control and internal audit
• Some global perspectives of how companies achieve good internal control
• Identifying assessing and managing risk from a board’s perspective 
• The importance of stakeholder engagement as part of corporate governance
• A case study of Carillion and an appreciation of some of the corporate governance failings

Learning outcomes

Having attended this course, delegates will:

• Understand how internal controls are implemented in different jurisdictions
• Appreciate how important risk is to any organisation and the key part boards play in assessing and managing risk
• Realise the increasing role of stakeholders in the development of corporate governance
• See the correlation between corporate failure and poor corporate governance 

Those working in financial and professional services in a senior capacity – Non-Executive Directors, Executive Directors, Senior Managers, Senior Governance Professionals, Company Secretaries – as well as those looking to build a better appreciation of the demands placed on directors and boards in the dispatch of their legal, contractual and fiduciary duties.