Board Risk Oversight and Risk Appetite (AGRC-051) Training Course

Board Risk Oversight and Risk Appetite

Boards carry ultimate responsibility for ensuring that their organisation takes the right risks in pursuit of its strategy and avoids those that could threaten its…

5 daysClassroom or online

49Upcoming dates

12Cities

£2,250Fees from

Course overview

Introduction

Boards carry ultimate responsibility for ensuring that their organisation takes the right risks in pursuit of its strategy and avoids those that could threaten its survival. Recent corporate failures have shown that boards which do not challenge management on risk, or which receive poor risk information, can be caught unaware with severe consequences.

This Board Risk Oversight and Risk Appetite training course explores how boards and their committees can provide effective oversight of risk. Participants examine the board's responsibilities, the structure and role of risk committees, how to articulate and use risk appetite, what good board risk reporting looks like and how to challenge management constructively.

The course is designed for directors and the professionals who support them, combining governance principles with practical tools that improve the quality of board discussion and decision making on risk.

Course Objectives

By the end of this training course, participants will be able to:

Explain the board's responsibilities for risk governance and oversight
Compare board, risk committee and audit committee roles
Develop a risk appetite framework that guides decisions
Link risk appetite to strategy, limits and performance
Evaluate the quality and usefulness of board risk reporting
Challenge management on principal and emerging risks
Oversee risk culture and the effectiveness of risk management
Use assurance from the three lines to support board confidence

Target Audience

This training course is suitable for a wide range of professionals, including:

Board members and non-executive directors
Risk and audit committee members
Chief risk officers and heads of risk
Company secretaries and governance professionals
Heads of internal audit
Senior executives who report risk to the board

Training Methodology

The course is discussion-led and case-based. Participants analyse governance failures, review sample board risk reports, draft risk appetite statements and take part in simulated board discussions on principal risks. Facilitated debate encourages participants to share practices from their own boards and committees.

Target Competencies

Risk governance
Risk appetite framework design
Board risk reporting evaluation
Constructive challenge
Risk culture oversight
Assurance mapping

Course outline

1Day One: The Board's Role in Risk Governance

Governance codes and expectations of board risk oversight
Board responsibilities for principal and emerging risks
Roles of risk committees and audit committees
The relationship between board oversight and management responsibility
Lessons from high-profile governance and risk failures
Director duties and liability considerations in overview
Self-assessment of board risk oversight practices

2Day Two: Risk Appetite Frameworks

What risk appetite is and why boards need it
Qualitative and quantitative appetite statements
Cascading appetite into limits, tolerances and indicators
Linking appetite to strategy, capital and performance
Using appetite in investment and strategic decisions
Monitoring breaches and escalation
Workshop: drafting a board risk appetite statement

3Day Three: Board Risk Information and Reporting

Characteristics of effective board risk reports
Principal risk profiles, heat maps and trend information
Key risk indicators that boards should see
Emerging risk horizon scanning and scenario analysis
Avoiding information overload and false comfort
Questions boards should ask about risk information
Exercise: critiquing a sample board risk report

4Day Four: Challenge, Culture and Assurance

Effective challenge without undermining management
Overseeing risk culture and behaviours
Remuneration and incentives as risk drivers
Using the three lines model for assurance
Assurance mapping and identifying gaps
Interaction with internal and external auditors
Simulation: a board discussion on a principal risk

5Day Five: Crisis, Resilience and Continuous Improvement

Board oversight of crisis preparedness and resilience
Board roles during a major incident
Oversight of cyber, climate and geopolitical risks
Evaluating the effectiveness of risk management
Board and committee effectiveness reviews
Developing director risk knowledge and skills
Personal action plan for improving board risk oversight

Frequently asked questions

How long is the Board Risk Oversight and Risk Appetite course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Board Risk Oversight and Risk Appetite course?

The next public date is 7 - 11 Dec 2026 in Barcelona. There are 49 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Barcelona, Frankfurt, London, Dubai, Geneva, Istanbul, Kuala Lumpur, Madrid, Paris, Rome, Amsterdam, Cape Town.

Can I take Board Risk Oversight and Risk Appetite online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

Board Risk Oversight and Risk Appetite

Course overview

Introduction

Course Objectives

Target Audience

Training Methodology

Target Competencies

Course outline

Dates and fees

Frequently asked questions

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