Macquarie University

Risk governance: Manage the risks

This course is part of Influencing: Storytelling, Change Management and Governance Specialization

Taught in English

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12,863 already enrolled

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Course

Gain insight into a topic and learn the fundamentals

4.7

(344 reviews)

|

95%

Beginner level
No prior experience required
23 hours (approximately)
Flexible schedule
Learn at your own pace

What you'll learn

  • Analyse governance structures for ensuring that an organisation meets its objectives.

  • Apply a risk management framework, having regard to the business context, including the identification of appropriate risk management solutions.

  • Identify and respond effectively to ethical issues.

Details to know

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Assessments

10 quizzes

Course

Gain insight into a topic and learn the fundamentals

4.7

(344 reviews)

|

95%

Beginner level
No prior experience required
23 hours (approximately)
Flexible schedule
Learn at your own pace

See how employees at top companies are mastering in-demand skills

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This course is part of the Influencing: Storytelling, Change Management and Governance Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 6 modules in this course

Most people wrongly consider risk management to be a purely defensive activity; they think that risk management is all about risk reduction. On the contrary, risk-taking is essential in any organisation. This week you will learn how to create a risk management framework that both creates and protects value, supporting the achievement of your organisation’s objectives. You will also gain insights into common biases that prevent individuals and organisations from managing risk well, as part of the overall suite of influencing capabilities.

What's included

5 videos3 readings1 quiz1 peer review1 discussion prompt

To better understand the risk management process, you will apply it to a particular risk that affects many firms operating in global markets: foreign exchange risk. This week you will focus on risk analysis, to demonstrate how foreign exchange movements might impact on firm resilience through the balance sheet. Analysis leads naturally to visualisation and communication of risk concepts – crucial tools for influencing risk management decisions.

What's included

6 videos10 readings2 quizzes

Corporate Governance is the framework of rules, relationships, systems and processes by which authority and influence are exercised in corporations. Corporate governance also encompasses crucial issues such as accountability of leaders, protection of stakeholder interests, setting of objectives and risk management. This week you will consider the classical Anglo-American governance model for listed firms with its emphasis on shareholder rights. You will compare this with alternative governance models. Finally, you will also consider some contemporary governance challenges such as the ‘curse’ of short-termism and poor design of incentive schemes.

What's included

4 videos3 readings2 quizzes

You will continue your application of the risk management process to foreign exchange risk. This week the focus is on the treatment of risk. You will consider a wide range of options, highlighting the capacity of firms to manage risks through operational decisions rather than relying on derivative contracts. You will conclude with frameworks for risk governance, to ensure that risk is managed effectively.

What's included

5 videos2 readings1 quiz1 peer review

Future-focussed firms must always have an eye to emerging risks. These risks can be among the most challenging to manage because they are poorly understood and difficult to quantify. You will use Cyber-risk as an exemplar to draw out practical issues of analysis and treatment. In this context you will also consider the conditions when insurance may, or may not be, an effective solution.

What's included

4 videos2 readings2 quizzes

Unfortunately it’s a fact that staff sometimes violate policies and act in a manner that is not in the long-term best interests of stakeholders. This week you will seek to understand the dark side of risk – why people misbehave at work – and what can be done to minimise the possibility of misconduct. Is it due to individual factors (bad apples), characteristics of the workplace (bad barrels) or perhaps characteristics of the whole industry (bad orchards)? How can we influence ourselves and others to behave ethically?

What's included

5 videos1 reading2 quizzes

Instructor

Instructor ratings
4.8 (110 ratings)
Professor Elizabeth Sheedy
Macquarie University
1 Course12,863 learners

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4.7

344 reviews

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Reviewed on Apr 6, 2024

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5

Reviewed on Jul 19, 2021

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5

Reviewed on Oct 12, 2020

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