Introduction

This 5-day professional course on “Corporate Legal Risk and Internal Controls” is designed to equip professionals with the necessary skills and knowledge to identify, assess, and mitigate legal risks in a corporate environment. The course delves into the intricacies of corporate governance, compliance, and risk management frameworks, ensuring participants are well-prepared to implement robust internal controls.

• Understand the fundamentals of corporate legal risk management.
• Identify and assess potential legal risks in a corporate setting.
• Design and implement effective internal control systems.
• Enhance corporate compliance and governance frameworks.
• Develop strategies to minimize and manage legal exposure.

Course Outlines

Day 1: Introduction to Corporate Legal Risk

• Overview of corporate legal risks
• Key concepts in risk management
• Categories of legal risks in corporations
• Case studies on corporate legal failures
• Interactive session: Identifying risks within your organization

Day 2: Risk Assessment and Analysis

• Principles of risk assessment and analysis
• Techniques for identifying legal risks
• Evaluating the impact and likelihood of risks
• Tools and methodologies for risk assessment
• Exercise: Conducting a legal risk assessment

Day 3: Designing Internal Controls

• Understanding internal controls and their importance
• Elements of a sound internal control system
• Developing control activities and procedures
• Implementing effective control environments
• Workshop: Designing an internal control system

Day 4: Corporate Compliance and Governance

• Introduction to corporate compliance frameworks
• Legal and regulatory requirements
• The role of corporate governance in risk management
• Best practices in compliance management
• Scenario analysis: Governance and compliance challenges

Day 5: Mitigation Strategies and Continuous Monitoring

• Developing legal risk mitigation strategies
• Continuous monitoring and review of controls
• Reporting and documentation of legal risks
• Training and communication strategies
• Group project: Creating a comprehensive risk management plan