P3 overview - enterprise risk - part 2

In this lesson

1. 0:00 Ethics, CSR and reputational risk
2. 1:35 Understanding corporate governance
3. 2:47 Principles-based versus rules-based approaches
4. 4:15 Unitary and multi-tier board structures
5. 6:28 UK code best practice essentials
6. 8:00 Key board committees and their roles
7. 10:16 US corporate governance and Sarbanes-Oxley

About this lesson

You'll learn why these have become critical to organisational survival in a competitive, information-rich world, and how to identify and address them in case studies. The video then moves into corporate governance and internal controls—the structures and systems that manage the agency problem between shareholders and directors. You'll discover the difference between principles-based and rules-based governance approaches, examine unitary versus multi-tier board structures, and understand the UK code's key requirements: separating the chairman and CEO roles, ensuring at least half the board comprises independent non-executive directors, and establishing mandatory board committees (audit, nomination, and remuneration). The video also covers how governance differs in the US under Sarbanes-Oxley, including the personal liability of CFOs and the stricter controls on external auditor independence. By the end, you'll have a clear grasp of how corporate governance frameworks reduce risk and protect stakeholder interests—essential knowledge for tackling P3 case studies and exam questions.

Duration: 13m