All organisations must grapple with fundamental issues at the heart of governance: who are our stakeholders? What are their objectives? How can we ensure these objectives are met as effectively as possible? How can we ensure all legitimate stakeholders are treated fairly? Via structured learning activities (video lectures, quizzes, discussion prompts and written assessments) this course will teach you how to address these questions and how a sound governance structure and comprehensive risk management framework can support you and your organisation in achieving its objectives. You will consider contemporary ethical issues and devise practical responses to them, and finally, you’ll discover that your future ‘influencing’ challenge will be to encourage all members of your organisation to understand their role in serving your organisation’s stakeholders.
Risk governance: Manage the risks
This course is part of Influencing: Storytelling, Change Management and Governance Specialization
Instructor: Professor Elizabeth Sheedy
14,834 already enrolled
Included with 
(359 reviews)
What you'll learn
Analyse governance structures for ensuring that an organisation meets its objectives.
Apply a risk management framework, having regard to the business context, including the identification of appropriate risk management solutions.
Identify and respond effectively to ethical issues.
Details to know
Add to your LinkedIn profile
10 assignments
See how employees at top companies are mastering in-demand skills
Build your subject-matter expertise
- Learn new concepts from industry experts
- Gain a foundational understanding of a subject or tool
- Develop job-relevant skills with hands-on projects
- Earn a shareable career certificate
Earn a career certificate
Add this credential to your LinkedIn profile, resume, or CV
Share it on social media and in your performance review
There are 6 modules in this course
Most people wrongly consider risk management to be a purely defensive activity; they think that risk management is all about risk reduction. On the contrary, risk-taking is essential in any organisation. This week you will learn how to create a risk management framework that both creates and protects value, supporting the achievement of your organisation’s objectives. You will also gain insights into common biases that prevent individuals and organisations from managing risk well, as part of the overall suite of influencing capabilities.
What's included
5 videos3 readings1 assignment1 peer review1 discussion prompt
To better understand the risk management process, you will apply it to a particular risk that affects many firms operating in global markets: foreign exchange risk. This week you will focus on risk analysis, to demonstrate how foreign exchange movements might impact on firm resilience through the balance sheet. Analysis leads naturally to visualisation and communication of risk concepts – crucial tools for influencing risk management decisions.
What's included
6 videos10 readings2 assignments
Corporate Governance is the framework of rules, relationships, systems and processes by which authority and influence are exercised in corporations. Corporate governance also encompasses crucial issues such as accountability of leaders, protection of stakeholder interests, setting of objectives and risk management. This week you will consider the classical Anglo-American governance model for listed firms with its emphasis on shareholder rights. You will compare this with alternative governance models. Finally, you will also consider some contemporary governance challenges such as the ‘curse’ of short-termism and poor design of incentive schemes.
What's included
4 videos3 readings2 assignments
You will continue your application of the risk management process to foreign exchange risk. This week the focus is on the treatment of risk. You will consider a wide range of options, highlighting the capacity of firms to manage risks through operational decisions rather than relying on derivative contracts. You will conclude with frameworks for risk governance, to ensure that risk is managed effectively.
What's included
5 videos2 readings1 assignment1 peer review
Future-focussed firms must always have an eye to emerging risks. These risks can be among the most challenging to manage because they are poorly understood and difficult to quantify. You will use Cyber-risk as an exemplar to draw out practical issues of analysis and treatment. In this context you will also consider the conditions when insurance may, or may not be, an effective solution.
What's included
4 videos2 readings2 assignments
Unfortunately it’s a fact that staff sometimes violate policies and act in a manner that is not in the long-term best interests of stakeholders. This week you will seek to understand the dark side of risk – why people misbehave at work – and what can be done to minimise the possibility of misconduct. Is it due to individual factors (bad apples), characteristics of the workplace (bad barrels) or perhaps characteristics of the whole industry (bad orchards)? How can we influence ourselves and others to behave ethically?
What's included
5 videos1 reading2 assignments
Instructor
Offered by
Recommended if you're interested in Leadership and Management
University of Geneva
Royal Holloway, University of London
University of Colorado Boulder
University of California, Irvine
Why people choose Coursera for their career
Learner reviews
359 reviews
- 5 stars
82.22%
- 4 stars
11.94%
- 3 stars
3.88%
- 2 stars
1.11%
- 1 star
0.83%
Showing 3 of 359
Reviewed on Oct 12, 2020
The most influencial in the specialization for me. Great content, great reading, a few minor glitches, but excellent. The professor is really good at the subject. Too bad it finished
Reviewed on Apr 6, 2024
I'm an university student. I would like to take this opportunity to thank the lecturer, University and Coursera. This course is amazing.
Reviewed on Jan 7, 2021
I would like to thank you for your awesome teaching experience and explanation and elaboration as i was taking this course . You really opened my mind to think out of the box
New to Leadership and Management? Start here.
Open new doors with Coursera Plus
Unlimited access to 10,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription
Advance your career with an online degree
Earn a degree from world-class universities - 100% online
Join over 3,400 global companies that choose Coursera for Business
Upskill your employees to excel in the digital economy
Frequently asked questions
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.