Learn about the context in which the concept of risk management has developed. As part of this course you will explore the infrastructure and processes it requires and the impact it has on traditional control systems. In addition, the course also includes several real cases which made national and international news.

CPD: 4 hours

Full Programme

The Context

  • Financial crises
  • The nature of risk
  • Impact of megatrends
  • Regulatory requirements

The infrastructure

  • Foundation stones
  • Sources of value
  • Risk appetite
  • Framework


  • Budgetary control
  • Investing
  • Extreme events
  • Crisis management

Recent Issues

  • The Bribery Act
  • Recent disasters

Course leader

David Allen CBE, MPhil, FCMA, FCIS was employed for many years by the Cadbury Schweppes group, holding directorships of various companies, latterly Cadbury Ltd. Whilst with the group, he coined the expression Strategic Financial Management to refer to an approach which enabled the finance function to play a proactive role in the formation and monitoring of strategy, and offered an antidote to short-termism.

During that period he was also president of the Chartered Institute of Management Accountants (CIMA), chairman of the Management Accounting stream of the International Federation of Accountants, a visiting professor at Loughborough University Business School and a member of the Review Panel of the Financial Reporting Council.

He retired from all of the above in order to concentrate on the promulgation of the concept and practice of Strategic Financial Management, through the medium of S. F. M. Ltd. This involved writing, lecturing and consulting, and led to a number of non-executive directorships in private and public sectors.

Booking information

Course price

£75 + VAT (Non-members)

The Chartered Governance Institute UK & Ireland Members and Students get a discount of 10% with the code ICSA101 

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