Module 1: Fundamentals of Governance, Risk, and Compliance (GRC)
- Introduction to GRC: Understand the core components of GRC – governance, risk management, and compliance.
- Key GRC Frameworks: Explore globally recognized frameworks such as COSO, COBIT, and ISO 31000.
- Importance of GRC in Modern Organizations: Learn why effective GRC strategies are vital for organizational success.
- Case Study: Analyze a real-world example of a company’s GRC strategy and identify key components.
- Practical Activity: Identify and evaluate the governance structure of a given organization.
Module 2: Corporate Governance Essentials
- Definition and Purpose of Corporate Governance: Understand how governance shapes organizational behavior.
- Roles and Responsibilities of Boards and Executives: Explore the impact of leadership on governance.
- Ethical Governance and Corporate Social Responsibility (CSR): Study how ethics play a role in governance decisions.
- Case Study: Evaluate the corporate governance strategy of a Fortune 500 company.
- Practical Exercise: Design a governance framework for a mid-sized company.
Module 3: Comprehensive Risk Management Process
- Introduction to Risk Management: Learn the risk management lifecycle – from identification to mitigation.
- Tools for Risk Assessment: Explore risk matrices, heat maps, and the risk register.
- Creating a Risk Management Plan: Step-by-step process for managing risks in various business environments.
- Practical Exercise: Develop a risk register for a hypothetical company in the financial sector.
Module 4: Navigating Regulatory Compliance
- Overview of Regulatory Compliance: Understand key global regulations like SOX, GDPR, and HIPAA.
- Developing a Compliance Program: How to design, implement, and audit a compliance program.
- Consequences of Non-Compliance: Understand the potential risks and penalties of non-compliance.
- Practical Activity: Conduct a compliance audit for an example company.
Module 5: Integrating GRC into Business Strategy
- Aligning GRC with Organizational Objectives: Learn how GRC strategies support broader business goals.
- Cross-Departmental Collaboration: How to integrate GRC throughout various departments in an organization.
- Automating GRC: Explore modern GRC software and automation tools.
- Practical Exercise: Map out a GRC strategy for a multi-departmental organization.
Module 6: GRC Monitoring, Reporting, and Audits
- Continuous Monitoring in GRC: Tools and techniques for ongoing compliance and risk monitoring.
- Internal Audits and Reviews: Conducting regular internal audits to ensure GRC effectiveness.
- Reporting to Stakeholders: How to communicate risk and compliance data effectively to executives and boards.
- Practical Activity: Develop a GRC audit report for a global organization.
Advanced Module 7: Emerging Trends in GRC and AI Integration
- AI and Automation in GRC: How AI and machine learning are transforming GRC practices.
- Big Data and Predictive Analytics: Leveraging data analytics to forecast risks and compliance trends.
- Cybersecurity as Part of GRC: Integrating cybersecurity risks into GRC frameworks.
- Practical Example: Analyze how a company uses AI tools to predict and mitigate risks.
Capstone Project
- Comprehensive GRC Strategy Development: Design a full GRC strategy for a complex organization, integrating governance, risk management, and compliance into its strategic planning.
- Presentation: Present the GRC strategy to peers and receive feedback.
- Project Review: The project will be graded based on its completeness, innovation, and alignment with industry standards.
