MCD 5 : Anticipating Risk and Precaution at the Board Level

MCD 5 : Anticipating Risk and Precaution at the Board Level
Prisoners of their own minds, directors and boards tend to ignore risks they cannot precisely identify and calculate. Reactions to unexpected threats can create additional risk and may lead to slippery slopes or even disruptive crisis, involving loss of reputation, identity issues, reduced access to resources or even suspension of one’s licence to operate.


Freed from the constraints of our own beliefs, a proactive and courageous attitude to unknown risks reinforces the protection of key assets and brings objectivity to what otherwise might be emotionally driven reactions.

By carefully combining rational analysis and subjective warning signals, directors can learn to act with more precaution and even prepare their board for good surprises: “The mystery of mysteries is the gateway of marvels” (Laozi).

Course Objectives

  1. Learn to assess your own way of thinking about risks. Understand your limitations in anticipating risks.
  2. Discover techniques to be more aware of the risks that you are facing or even creating. Apply them in real board situations.
  3. Identify and develop attitudes of prudence and precautions towards risk at board level.
  4. Empower your leadership style to share your insights on risks towards other directors.

    Course Outline

    1. Risks in business thinking
    2. Discovering unknown risks
    3. Values and risk mitigation
    4. Voicing of precautions at the board

    CPD Hours : 4

    SID Member:   S$450.00 (excl. GST) 
      S$481.50 (incl. GST) 
       
    Non-SID Member:   S$620.00 (excl. GST)
      S$663.40 (incl. GST) 



    Terms and Conditions for SID Courses/Events
    When
    4/24/2018 9:00 AM - 4/24/2018 1:00 PM
    Where
    Marina Mandarin 6 Raffles Boulevard, Marina Square Singapore 039594
    FieldSet
     

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