The course intends to provide a complete knowledge of risk management, considered as a system able to improve and supplement the effectiveness of plans, programs and controls developed by each type of organisation.
The course is structured in two parts.
The first part emphasises the definition, the classification and the evolution of risks according to the increasing complexity of firms and the environment where they operate. Indeed, new risks are continuously originated by the globally changing context and the growing networks in which the organisations share threats and opportunities. Hence, such organisations have to adopt a proper system to identify, prevent, manage and monitor the risks.
In this regard the course deals with the following topics:
- the concept of risk for firms;
- internal and external variables originating single or associated risks that affect the key factors for economic, competitive and social success;
- integrated risk management models (e.g. CoSO Report, CoSO ERM and ISO 31000) able to protect the organisation and its stakeholders.
Goals and risks will be investigated and evaluated in accordance with the corporate culture, the purposes of the assessment itself, the nature of the processes and the risk attitude characterising directors and top managers in both large companies and SMEs.
The second part of the course analyses:
- the role of different corporate boards and officers in risk management;
- risk mapping and risk assessment;
- external controls carried out by auditors and other supervisors and watchdogs;
- risk control and risk reporting in different organisations and in order to protect different types of stakeholders.
More exactly, the course analyses different categories of risks and external controls on firms producing goods and services. Case studies and presentations by corporate exponents will focus on specific aspects.