Managing corporate governance and board enterprise risk management

Managing corporate governance and board enterprise risk management is the process of developing and implementing governance policies and practices to ensure the board and company have effective enterprise risk management strategies in place. It involves understanding how to develop and implement governance frameworks that promote enterprise risk management best practices, comply with regulatory requirements, and protect the company from risks.

Beginner competence definition

Beginners are able to perform basic tasks such as understanding corporate governance and board enterprise risk management concepts and principles, identifying enterprise risk management needs, and providing basic support for governance and board enterprise risk management activities. They also have a basic understanding of regulatory requirements related to enterprise risk management and are able to work effectively in a team environment.

Intermediate competence definition

Intermediate-level individuals have a deeper understanding of governance and board enterprise risk management frameworks. They are able to develop and implement governance policies and practices that align with business objectives, comply with regulatory requirements, and promote enterprise risk management best practices. They can also develop and implement effective enterprise risk management policies and practices that identify, assess, and mitigate risks and ensure that the board and the company are aware of the status of risk management activities.

Advanced competence definition

Advanced-level individuals have an expert-level understanding of governance and board enterprise risk management frameworks. They are able to develop and implement complex governance and board enterprise risk management programs that involve assessing and mitigating risks, managing risk incidents, promoting risk awareness, and communicating risk decisions to stakeholders. They also have strong leadership and communication skills and can lead teams of governance professionals to achieve business objectives related to corporate governance and board enterprise risk management. They are knowledgeable in enterprise risk management industry trends, and can recommend and implement best practices to ensure effective governance of the board and corporate governance policies and practices.