The identification and management of risks have become a pressing priority for managers to ensure that organisations can proactively respond and prevent risks from impeding the performance and success of the organisation. Various dimensions of risks may occur, including risks relating to natural disasters, human capital, technological, information, compliance, operations, client service, reputations, or finance.

For organisations to survive in an environment marked by faster, more complex, and more volatile markets and expedited levels of risks, they will have to continuously identify and manage risks through mitigation strategies and transparent reporting to the relevant stakeholders. Risk management as a discipline is well established in corporate organisations. However, it has became evident that all scales of organisations need to establish sound practices, processes, and mechanisms to manage risks effectively.

In this course, we will focus on (1) the importance of identifying corporate risks, as well as (2) processes, (3) responsibilities, and (4) mechanisms to manage risks from a practical perspective.