Executive Leadership and Governance – Hire Academic Expert

Executive Leadership
and Governance
Regulatory Landscape and the Management
of Risk

Agenda
Review of Prepare Activities
Regulatory Landscape: Relevance and Effectiveness of
Regulators
Review of Apply Activities
Enterprise Risk Management ISO31000
Practical Exploration of Enterprise Risk Management:
Assessing Risks
Reflection

Topic Learning Outcomes
Appreciate the role of regulation in a range of business
sectors demonstrating the need to horizon scan and
respond
Evaluate and recommend operational structures and
roles to manage risk

Prepare
Source: Thomson-Reuters
Costs of Non-Compliance
Compliance Culture
Source: Thomson Reuters
Risk Management Process
Source: Louisot and Ketcham, 2014
Three Horizons Model
Source: Government Office for Science, UK
Internal audit, Risk, Compliance
This Photo by Unknown Author is
licensed under
CC BY-SA
This Photo
by Unknown Author is licensed under CC BY-SA
This Photo
by Unknown Author is licensed under CC BYSA
Essential Reading
• Hillson, D. 2018. When is a Risk Not a Risk? IAACM Contracting Excellence
Journal, [Online] Available at: https://journal.iaccm.com/contractingexcellence-journal/when-is-a-risk-not-a-risk.
• Lam, J, 2014. The view of ERM from E*Trade’s Risk Chair [Online] Available
at: http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=11813037
4&site=eds-live.
• SABC News, 2014. Internal Audit. [Online] Available a:t
https://www.youtube.com/watch?v=1FNIlaEA2yA.
• Steinberg, R. 2011.
Governance, Risk Management, and Compliance:
It Can’t Happen to Us—Avoiding Corporate Disaster While Driving
Success
. Wiley, Chapter 3.
• SurTech, 2018. What is Enterprise Risk Management [Online] Available
at: https://youtu.be/0EzQEZH0VlQ.

Regulatory Landscape: Relevance and
Effectiveness of Regulators
15 minutes
• Download the activity worksheet and review the questions
and prompts
• Discuss your answers as a group using the chat box and
give your answers to the polls
• We will debrief after this where we review the discussion
and poll answers together as a group

Apply
Apply
What are the main types of regulation that a large
company needs to comply with? Do these
regulations have a positive or negative effect?

Source: Byaz Belgium
ISO31000 – Enterprise Risk Management (ERM)
Practical Exploration of Enterprise Risk Management:
Assessing Risks
10 minutes
• Download the activity worksheet and review the
questions and prompts, deciding which risks are
acceptable and which are unacceptable
• We will debrief after this by holding a whole class risk
assessment workshop simulation
• Be prepared to discuss your ideas together as a group,
guided by your tutor

Disney Case Study
This Photo by Unknown Author is licensed under CC BY-SA-NC
Formative Assessment
• Spend 15 minutes reviewing
the Formative Assessment Brief,
Frequently Asked Questions and Level 7
Level Descriptors documents
• After this we will discuss strategies
for success, please raise any questions
that you may have with the group using
the chat box
Source: AJS Networking
Recap
• Review of Prepare Activities
• Regulatory Landscape: Relevance
and Effectiveness of Regulators
• Review of Apply Activities
• Enterprise Risk Management
ISO31000
• Practical Exploration of Enterprise
Risk Management: Assessing Risks

Any questions or
comments?

Thank you for your
participation
Next Steps – Consolidate
• Topic roundup
• Topic quiz

References
• Byaz, 2018. ISO 310000 2018. [Online] Available at http://www.byaz.be/iso-310002018/
• Government Office for Science, 2017. The Futures Toolkit. Version 1.0. [Online]
Available at
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/
attachment_data/file/674209/futures-toolkit-edition-1.pdf
• Hillson, D., 2018. When is a Risk Not a Risk? IAACM Contracting Excellence Journal,
[Online] Available at:
https://journal.iaccm.com/contracting-excellence-journal/when-is-arisk-not-a-risk
• Lam, J, 2014. The
view of ERM from E*Trade’s Risk Chair [Online] Available at:
http://search.ebscohost.co
m/login.aspx?direct=true&db=bth&AN=118130374&site=eds-live

References
• Louisot, J.P., Ketcham, C., 2014. ERM Enterprise Risk Management Issues
and Cases
[Online] Accessed at: https://learning.oreilly.com/library/view/ermenterprise/9781118539514/c01.xhtml.
• SABC News, 2014. Internal Audit. Video
[Online] Available at
https://youtu.be/1FNIlaEA2yA
• Steinberg, R., 2011. Governance, Risk Management, and Compliance: It Can’t Happen
to Us—Avoiding Corporate Disaster While Driving Success. Wiley, Chapter 3.
• SurTech, 2018. What is Enterprise Risk Management.
Video. [Online] Available at
https://youtu.be/0EzQEZH0VlQ
• Thomson Reuters, 2021. A Culture of Compliance Infographic. [Online]
Available at:
https://legal.thomsonreuters.com/content/dam/ewpm/images/legal/en/graphics/a-culture-of-compliance-infographic.png