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Protecht Academy

Risk management for boards.

How boards can discharge their oversight responsibilities while understanding ‘what good looks like’.

Board members play a critical role in ensuring sustainable success in their organisation – which can only be achieved through intelligent risk taking and effective governance.

In this course, David Tattam, Chief Research and Content Officer at Protecht, provides directors and board members the knowledge and skills to both work with and provide challenge to executive management on the effectiveness of risk frameworks, processes and culture within their organisation.

The course distinguishes between the oversight responsibilities of the board and the day-to-day practices of management, enabling boards to discharge their oversight responsibilities while understanding ‘what good looks like’.


Course description

In this course, you'll learn:

1. Who is responsible for risk management?

  • Everyone as a risk manager
  • Corporate Governance Guidance
  • The 3 Lines Model
  • Roles across the Organisation
  • Roles and Responsibilities of the Board


2. The value of risk management

  • Risk perceptions
  • Redefining risk management as outcome management
  • Benefits of risk management to the Board


3. Understanding risks

  • Components of risk
  • The importance of a consistent approach
  • Applying risk taxonomies at Board level

4. Understanding controls

  • Board accountability for the internal control framework
  • How controls modify risk


5. Risk management frameworks

  • Informal and formal risk management
  • The ISO 31000 risk management process
  • The Risk and Reward pyramid


6. Board risk management processes

  • Assurance over the Enterprise Risk Management Framework
  • Assurance over the Internal Control Framework
  • Link to organisational risk processes

7. Board risk appetite

  • Definition of risk appetite
  • Benefits of risk appetite
  • Developing the Risk Appetite Statement
  • Setting appetite for outcomes and risks
  • Risk and control ownership


8. Organisational risk management processes

  • Risk and control self-assessment
  • Risk metrics
  • Incident management
  • Controls assurance
  • Issues and actions
  • Compliance
  • Risk in change


9. Risk reporting

  • Purpose of board risk reporting
  • Data structure
  • Types of risk reports


10. Cadence of risk management

  • The dynamism of risk
  • Alignment with Board meetings
  • Alignment with strategy and change


11. Risk culture and behaviours

  • Importance of risk culture
  • Measuring culture
  • Essential skills and actions of the Board


Course expectations

  • Watch 18 videos
  • Answer 5 knowledge questions
  • Answer 10 quiz questions



  • 3 hours of video content
  • 3.5-4 hours for the whole course



  • US$300 payable by credit card on registration


Next steps

You can purchase this course on-demand via Protecht Academy. You'll need to log in or register to Protecht Academy in order to purchase and access the course.

Please contact Protecht directly if you would like to discuss packages to implement this training across your organisation. Bulk discounts are available and packages can be invoiced in your local currency.

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Our trainers

David Tattam

Chief Research and Content Officer

David Tattam is the Chief Research & Content Officer and co-founder of the Protecht Group. David's vision is to redefine the way the world thinks about risk and to develop risk management to its rightful place as being a key driver of value creation in each of Protecht's customers.

David is the driving force in taking Protecht's risk thinking to the frontiers of what is possible in risk management and to support the uplift of people risk capability through training and content.

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Michael Howell

Research and Content Lead

Michael Howell is Protecht's Research and Content Lead. He is passionate about the field of risk management and related disciplines, with a focus on helping organisations succeed using a ‘decisions eyes wide open’ approach.

Michael is a Certified Practicing Risk Manager whose curiosity drives his approach to challenge the status quo and look for innovative solutions.


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