Course Description

Recent corporate failures have left many leaders, across industry sectors, concerned about how well their companies are managing risk. Reviews and investigations, particularly of companies in regulated sectors, has sometimes uncovered weak governance structures and inconsistent risk and control environments.

 

This, coupled with other major geopolitical and global events of the last few years, has led to renewed interest in enterprise risk management (“ERM”) programmes.  ERM programmes are intended to formalise how risks are identified, assessed, managed, monitored and reported keeping view the organisation’s strategic priorities.  However, it is generally witnessed that ERM programmes are not able to rise up to the challenge, either losing momentum or lacking adequate investment and consequently failing to meet the expectation of the key stakeholders.

 

An effective ERM programme can assist the board and management make more informed decisions in the face of uncertainty.  Even though companies operating in industries that are not regulated may not always have a matured ERM programme, it is however, safe to say that even if a company lacks a sophisticated ERM programme, certain simple easily identifiable and implementable actions involving management can assist boards face the evolving risk landscape with the necessary confidence and positivity.

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David Toh

Asst. Honorary Treasurer, SIAS; Corporate Governance & Risk Management Committee, ISCA; Governance, Risk, Controls & Internal Audit Practice Leader, PwC

David Toh is PwC Singapore’s Board of Partners Chairman and a member of PwC Asia Pacific’s Board of Partners. David is the Governance, Risk & Compliance and Internal Audit Practice Leader of PwC Singapore. The practice has approximately 100 full-time staff dedicated to the provision of Internal Audit, Corporate Governance, Risk Management, Sarbanes-Oxley and Sustainability advisory services to organisations from the private and public sectors.He also is PwC Singapore’s Entrepreneurial and Private Business practice leader, providing integrated business solutions to owner-led and family businesses.David is active in the corporate governance scene in Singapore where he conducts seminars on governance, risks, and compliance organised by the Singapore Institute of Directors (SID), Singapore Exchange, Securities Investors Association Singapore (SIAS) and Institute of Internal Auditors Singapore (IIA). David is a Board member/Audit & Risk Committee Chairman of the Yellow Ribbon Singapore, a Board Member of SIAS, Vice President of IIA and a Board member of SG Growth Capital. David is also a member of SID’s Research and Insights Committee and Institute of Singapore Chartered Accountants’ Corporate Governance and Risk Management Committee.David is also the Honorary Treasurer and Board member of Singapore Children’s Society and actively drives grassroots activities in his residential precinct as a Vice Chairman of the Tampines Central Citizen’s Consultative Committee.

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