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2018/07/12 » 2018/07/30
2018 Cruywagen-IRMSA Risk Laboratory - JHB

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2018/08/02 » 2018/08/03
Risk Facilitation - 2 & 3 August 2018

Audit & Risk Committee Training - 12 February 2018
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Attending this training will provide delegates with practical insight to Directors / Audit and Risk Committee Members roles, responsibilities and duties including risk Governance and risk Management.

When: 8:00 AM
Where: Institute of Risk Management South Africa
144 Katherine Street
Johannesburg, Gauteng  2196
South Africa
Presenter: Richard Foster
Contact: Nazlee Kok
011 555 1800

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Course Duration




Non - Member

Richard Foster

1 Day



R 3 700.00 ex VAT

R 4 000.00 ex VAT

Course Outline

The roles and responsibilities for both Directors and Audit and Risk Committee members have increased greatly in the past few years driven both from a legislative and governance perspective. This course provides delegates with a practical insight into the role and fit of Risk Governance and Risk Management into the broader governance framework. Particular focus will be placed on the roles, responsibilities and duties of Audit and Risk committee members and those in attendant governance and assurance roles and how concepts such as the “combined assurance model”  and the “three lines of defence”  underpin and support the above.

One Day Course Agenda

Part 1

  • Overview of Corporate Governance and evolution
  • Current status quo of the corporate governance arena particularly in a SA context including King 1V
  • Link between  corporate governance and law

Part 2

  • Role and fit of Audit & Risk Committees in the governance framework and  structure
  • Legislative and governance requirements including composition focus , communication and interaction within the governance  framework
  • Latest trends and thinking to optimise effectiveness in this area 

Part 3

  • External Audit  , Internal Audit and other key role players and attendant  value adding dynamics  
  • Combined Assurance Model and the 3 lines of defence

Part 4

  • Overview of risk governance and risk management and the distinction between these two concepts
  • Understanding the  key aspects of risk including ; definitions, appetite, tolerance,  assessing , response, monitoring, assurance and disclosure
  • Types of risks 


Who should attend

Chief Risk Officers, Risk Managers Risk Champions, Audit /Risk Committee Members, Directors, Company Secretaries and other persons charged with governance /assurance duties and having interaction with Boards and Audit & Risk Committees

About the Presenter

Richard Foster  ,FCIS; HFinstD, HDip Company Law (Wits); HDip Tax Law (RAU); PG Dip Corporate 

Governance (RAU) (with distinction)., has held senior management positions in two of the largest Global Groups based in South Africa, during his corporate career. Prior to joining Old Mutual in 2001, where he held the position of Group Secretary until July 2013, the bulk of his career was spent with Anglo American / Mondi.  He has over the years, been overall responsible for Governance, Corporate Secretariat, Risk Management, Corporate Insurance and Legal Services functions.

Richard currently operates an independent consultancy Richard Foster & Associates: Corporate Governance Advisors, specialising in corporate governance and also serves as a professional Independent Non- Executive Director and / or Chairman in various companies including regulated entities within the financial services industry , both in South Africa and overseas.

Richard has been extensively involved in various corporate governance initiatives in the broader business environment and has participated as a speaker and panellist in a number of Corporate Governance seminars and forums over the past years, both locally and overseas and has co-edited certain sections of the well-known JUTA publication “Corporate Business Administration” Further has been published as a co-author of various articles in certain leading international academic law journals.

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