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Quest Training

Board Risk Oversight & Risk Committee Effectiveness Training Course

Strengthens how boards and risk committees oversee enterprise risk, from risk appetite and governance roles to challenging management risk reporting.

ESRM · Enterprise & Strategic Risk ManagementAll Levels#2765ClassroomEnglish , Arabic
Duration
5 Days
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Free substitution at any time · 30+ days' notice: full refund minus 10%. Cancellation policy

Sectors:Risk, Compliance & GovernanceCategories:Enterprise & Strategic Risk Management

Course Overview

This course focuses on strengthening board oversight of enterprise risks and improving the effectiveness of board risk committees. It addresses risk governance, oversight responsibilities, risk appetite, management reporting, and the evaluation of material risks that may affect organizational objectives, financial performance, and operational resilience. Participants examine committee mandates, meeting structures, escalation procedures, risk reporting, and the relationship between the board, risk committee, executive management, and risk function. Practical exercises focus on reviewing risk dashboards, evaluating committee performance, and developing an improvement plan for board-level risk oversight.

Learning Objectives

  • Define board responsibilities for enterprise risk oversight.
  • Clarify the mandate and authority of board risk committees.
  • Evaluate the effectiveness of risk committee structures and operating procedures.
  • Review risk appetite statements, risk tolerances, and escalation thresholds.
  • Assess the quality and relevance of risk reports presented to the board.
  • Strengthen oversight of strategic, financial, operational, compliance, and cyber risks.
  • Improve coordination between the board, risk committee, audit committee, and executive management.
  • Evaluate management responses to material risks and control weaknesses.
  • Establish performance indicators for risk committee effectiveness.
  • Develop a practical plan to strengthen board risk governance and oversight.

Who Should Attend

This course is designed for board members, risk committee members, audit committee members, chief executive officers, chief risk officers, chief financial officers, governance professionals, internal auditors, and senior executives responsible for enterprise risk management and board reporting. It is particularly relevant to government entities, banks, financial institutions, oil and gas companies, industrial organizations, and large corporations seeking to strengthen board accountability, improve committee performance, enhance risk transparency, and support informed strategic decisions.

Learning Outcomes

  • Define the scope of board-level risk oversight and committee responsibilities.
  • Evaluate whether risk committee mandates and governance arrangements are appropriate.
  • Review enterprise risk reports and identify material exposures requiring board attention.
  • Assess alignment between risk appetite, strategic objectives, and business decisions.
  • Identify weaknesses in risk escalation, reporting, and management accountability.
  • Improve the structure and effectiveness of risk committee meetings.
  • Evaluate management actions addressing significant risks and control deficiencies.
  • Establish measurable indicators for committee performance and oversight quality.
  • Strengthen coordination among board committees and executive management.
  • Prepare a risk committee effectiveness improvement plan with clear priorities and responsibilities.

Course Outline

Day 1

Board Risk Oversight and Governance Responsibilities

  • Principles of board accountability and enterprise risk governance.
  • The board's role in overseeing strategic objectives, risk exposure, and organizational resilience.
  • Distinguishing board oversight from executive and operational risk management.
  • Defining responsibilities across the board, risk committee, audit committee, and management.
  • Establishing governance arrangements, reporting lines, and escalation protocols.
  • Understanding the relationship between risk oversight and corporate strategy.
  • Practical exercise: Develop a governance responsibility matrix for board and committee risk oversight.
Day 2

Risk Committee Mandate, Structure, and Operating Effectiveness

  • Defining the committee charter, authority, scope, and responsibilities.
  • Establishing membership requirements, independence considerations, and relevant expertise.
  • Designing meeting schedules, agendas, and annual work plans.
  • Reviewing the quality of meeting papers and supporting risk information.
  • Managing follow-up actions, decisions, and unresolved risk issues.
  • Assessing the committee's access to risk leaders, subject-matter experts, and independent assurance.
  • Practical exercise: Evaluate a sample risk committee charter and meeting agenda, then recommend improvements.
Day 3

Risk Appetite, Risk Reporting, and Material Risk Review

  • Reviewing risk appetite statements, tolerances, and escalation thresholds.
  • Assessing strategic, financial, operational, regulatory, third-party, and cyber risks.
  • Interpreting risk dashboards, key risk indicators, and trend analysis.
  • Identifying material changes in risk exposure and emerging threats.
  • Evaluating risk aggregation, interdependencies, and concentration risks.
  • Challenging management assumptions and proposed risk responses.
  • Practical exercise: Review an executive risk dashboard and prepare questions and recommendations for a board risk committee.
Day 4

Committee Performance, Assurance, and Management Accountability

  • Evaluating risk committee effectiveness through structured performance reviews.
  • Assessing the quality of discussions, decisions, and challenge provided to management.
  • Monitoring overdue actions and recurring control weaknesses.
  • Reviewing the adequacy of management responses to significant risks.
  • Coordinating oversight with the audit committee and internal audit function.
  • Evaluating the use of independent assurance and specialist advice.
  • Establishing indicators for committee performance and oversight quality.
  • Practical exercise: Conduct a simulated committee effectiveness review and develop corrective actions.
Day 5

Strengthening Board Oversight and Implementation Planning

  • Identifying gaps in risk governance, reporting, and committee operations.
  • Improving the alignment between committee priorities and the organization's risk profile.
  • Developing a focused annual risk committee work plan.
  • Establishing reporting standards, escalation criteria, and follow-up mechanisms.
  • Defining responsibilities for implementing governance improvements.
  • Setting milestones and measures for monitoring progress.
  • Establishing periodic reviews and continuous improvement arrangements.
  • Final workshop: Prepare a board risk oversight improvement plan covering governance responsibilities, committee mandate, reporting requirements, priority risks, performance indicators, management accountability, and implementation milestones.

Upcoming Dates

Selected date

Paris · 15 – 19 Feb 2027 · Classroom

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CityDatesPrice per ParticipantEarly Bird
DammamScheduled
2 – 6 Nov 2026€4,200—
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CasablancaScheduled
2 – 6 Nov 2026€4,300—
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DohaScheduled
9 – 13 Nov 2026€4,400—
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DubaiScheduled
15 – 19 Nov 2026€4,400—
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BeirutScheduled
22 – 26 Nov 2026€4,000—
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GenevaScheduled
23 – 27 Nov 2026€6,300—
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IstanbulScheduled
30 Nov – 4 Dec 2026€4,700€4,230until 9 Nov
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JeddahScheduled
6 – 10 Dec 2026€4,200€3,780until 16 Nov
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CairoScheduled
13 – 17 Dec 2026€3,300€2,970until 23 Nov
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KigaliScheduled
14 – 18 Dec 2026€5,100€4,590until 23 Nov
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Kuala LumpurScheduled
21 – 25 Dec 2026€4,400€3,960until 30 Nov
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LisbonScheduled
21 – 25 Dec 2026€5,400€4,860until 30 Nov
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LondonScheduled
28 Dec 2026 – 1 Jan 2027€5,600€5,040until 7 Dec
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MadinahScheduled
4 – 8 Jan 2027€4,200€3,780until 14 Dec
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Cape TownScheduled
4 – 8 Jan 2027€5,100€4,590until 14 Dec
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MadridScheduled
11 – 15 Jan 2027€5,400€4,860until 21 Dec
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MakkahScheduled
18 – 22 Jan 2027€4,200€3,780until 28 Dec
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CasablancaScheduled
25 – 29 Jan 2027€4,300€3,870until 4 Jan
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ManamaScheduled
25 – 29 Jan 2027€4,700€4,230until 4 Jan
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MilanScheduled
1 – 5 Feb 2027€6,000€5,400until 11 Jan
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MuscatScheduled
8 – 12 Feb 2027€5,300€4,770until 18 Jan
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OnlineScheduled
14 – 18 Feb 2027€1,700€1,530until 25 Jan
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ParisScheduled
15 – 19 Feb 2027€5,700€5,130until 25 Jan
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ErbilScheduled
21 – 25 Feb 2027€3,100€2,790until 1 Feb
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RiyadhScheduled
22 – 26 Feb 2027€4,200€3,780until 1 Feb
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RomeScheduled
1 – 5 Mar 2027€5,800€5,220until 8 Feb
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Sharm El-SheikhScheduled
8 – 12 Mar 2027€4,300€3,870until 15 Feb
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MarbellaScheduled
15 – 19 Mar 2027€5,400€4,860until 22 Feb
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ViennaScheduled
15 – 19 Mar 2027€5,700€5,130until 22 Feb
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AbujaScheduled
22 – 26 Mar 2027€5,100€4,590until 1 Mar
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Available in: Istanbul · Dubai · London · Riyadh · Doha · Amsterdam

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