Risk governance equips boards to anticipate, assess, and mitigate threats, enhancing decision-making and ensuring business continuity in unpredictable environments.

In an increasingly complex and unpredictable business environment, effective risk governance is essential for ensuring corporate resilience and long-term success. This module provides board members and senior executives with a structured approach to risk oversight, equipping them with the knowledge and tools to anticipate, assess, and mitigate risks at the highest level of corporate leadership. Through expert-led discussions, real-world case studies, and interactive exercises, participants will develop a comprehensive risk governance framework that enhances decision-making, protects organizational assets, and ensures business continuity.

Key Topics Covered

The module begins with an in-depth exploration of the board’s role in risk governance, highlighting the benefits of a structured risk management approach. Participants will gain insights into risk policies, setting risk appetite, and establishing governance processes that align with corporate strategy and stakeholder expectations.

A key aspect of risk governance is the risk management process as an element of good governance. This section examines how organizations identify, assess, and respond to risks, ensuring that governance structures support proactive risk mitigation and strategic decision-making.

Participants will then explore critical business risks, focusing on how to identify, measure, and evaluate threats that can impact financial stability, operational efficiency, and corporate reputation. The session will cover risk quantification methods, scenario analysis, and risk appetite setting, providing a clear framework for board members to oversee and manage enterprise risks effectively.

Effective risk reporting is fundamental to governance, ensuring transparency and accountability. This segment addresses best practices in board-level risk reporting, including key risk indicators, internal reporting structures, and regulatory requirements. Participants will learn how to interpret risk reports and use them as a strategic tool for informed decision-making.

The final section of the module focuses on disaster recovery and business continuity planning, with a special emphasis on cyber risks and crisis management. In today’s digital landscape, boards must be prepared to handle cybersecurity threats, operational disruptions, and crisis scenarios that could threaten business stability. Participants will explore best practices for developing and overseeing business continuity strategies, ensuring resilience in times of uncertainty.

Learning Outcomes

By the end of this module, participants will have a structured framework for overseeing risk governance at the board level. They will develop the ability to assess and set risk appetite, interpret risk reports, and ensure the organization is prepared for potential crises and disruptions.

Schedule

The module takes place in person at the Bucharest Business School headquarters, located at Piața Romană 7. It is structured as a full-day session on a Saturday, offering 8 hours of intensive and engaging learning.