Managing Business Risks... One of the Private Board's Most Important Roles
Monday, November 16, 2009 8:30 AM - 4:30 PM (Pacific Time)
Manufacturing Executive Institute Training Center
(951) 736-2114
140 North Maple Street
Suite 106
Corona, California 92880-6996
USA
 Map and Directions
Why You Should Attend This 1-Day Workshop
In cooperation with Dunkirk Governance Specialists, LLC (New York), the Manufacturing Executive Institute (MEI) is proud to announce a new 1-day seminar in our "Professional Governance" workshop series. This workshop focuses on how the Board of Directors can help create an effective framework for risk assessment and management. The program demonstrates how to create a culture within your company that promotes understanding and awareness of risk issues, while at the same time maintaining a balanced perspective on risk management.
Over the past few years there have been countless examples of companies that have collapsed, or that are now on the brink of insolvency, largely as the result of misunderstanding and mismanaging their risk exposure. Effective risk management begins in the boardroom, yet very few Directors actually have a sophisticated understanding of how to assess, measure and manage these risks. Boards of Directors play a critical role in enterprise risk management. Directors should be fully aware of the risks facing the organization they serve. This 1-day workshop will demonstrate how Boards can work closely with management to identify, evaluate and manage risks… as well as how to create effective oversight and monitoring mechanisms.
The primary objective of this workshop is to demonstrate how a private company's Board of Directors can help their company’s management team identify and manage the wide array of risks that have become so pervasive in today’s increasingly complex, litigious and rapidly changing world. The workshop will show participants how to create and implement an effective risk management program. Participants will learn how to:
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Work with management to set up an effective risk management program
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Integrate risk management into the culture & operations of your company
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Strike a balance between risk & return
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Evaluate the likelihood & potential costs of risk events materializing
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Integrate risk management into your company’s performance management system
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Determine the costs of prevention or mitigation.
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Develop risk management practices that include a program to continually evaluate & reevaluate enterprise risks.
This important workshop will specifically address these and several other complex and significant governance issues… applying knowledge and techniques developed over many years of serving on Boards of Directors and various board committees and task forces. Topics to be addressed in this valuable program include:
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An overview of Enterprise Risk Management (ERM)… balancing risks & rewards.
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Know your business… the art AND science of risk self assessment.
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Taking a comprehensive view of risk management… avoiding the “silo effect.”
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Risk management tradeoffs… costs vs. quality of information and risks vs. potential rewards… achieving balance in a complex environment.
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Becoming the inquisitive director… what don’t you know? What information is needed to ask better questions?
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The “Willie Sutton” approach to risk management… go where the money is.
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Peer Discussion... your company's risk management program - are you assessing & managing risks effectively?
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The role of insurance coverage in a comprehensive risk management program.
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Risk from a stakeholder perspective… customers, vendors, employees & shareholders.
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Being both a borrower and lender… banking relationships & credit risks.
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Listening to your lawyer… why good legal advice is essential.
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Risk management, earnings volatility & enterprise value.
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Cultural impediments to successfully implementing a risk management program & how to conquer them.
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Examples of risk “hot spots” that are readily manageable… environmental, health, safety, supplier & personnel issues.
Impediments to successful and rapid deployment of ideas presented in this program will also be addressed so that participants can return to their respective boards and begin quickly improvements in their governance activities.
Workshop Instructors: Steven S. Kirkpatrick, Managing Director of Dunkirk Governance Specialists, LLC and Alan G. Dunn, President of GDI Consulting & Training Company
 Don't be obsolete in your governance practices. Much has changed in the Board of Directors world... come and learn how to build better governance practices.
All learning materials, breaks and lunch are included in the single low price. See the side bar for pricing and group discount information.
The Manufacturing Executive Institute presents numerous workshops and webinars each month. To see listings and schedule of upcoming programs, go to www.mfgexecutive.com or call (951) 736-2114.
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$299.00 for the FIRST registrant from your company.
$194.00 for all subsequent registrations from your company for this workshop.
Visa, MasterCard, Discover, Diners Club and American Express cards are accepted for on-line payment of registration fees. For registrants who prefer to pay registration fees off-line by check, please send your check or a copy of your company's purchase order in advance of attendance to:
Manufacturing Executive Institute
Attention: Registrar
140 North Maple Street, Suite 106
Corona, California 92880 USA
(951) 736-2114 phone
(951) 736-1857 fax
registration@mfgexecutive.com
www.mfgexecutive.com
When paying by check or when issuing a company purchase order, please make payable to "Manufacturing Executive Institute" and include a printed copy of your invoice so that we can properly credit your payment.
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