Looking ahead, looking out
Board strategy, risk and assurance.
- Level
- Bitesize
- Learning time
- 1 hour 30 minutes
- Where
- Good Governance
- Price
- £39
When you step up to a higher level, what you paid in the last 12 months for lower-level courses inside the bigger course comes off its price, in proportion to how much of each is inside it, whichever topic it's from. Courses at the same or a lower level don't give credit against each other. A Focus course or above always costs at least £15. Read the full terms
Certificate of Completion
Overview and Outcomes.
Overview
The board does not write the strategy; it decides whether to believe it. This module sets out the board's four strategic roles, McNulty and Pettigrew's spectrum from ratify to co-create, practical tools for testing strategy, and the warning signs of strategic drift, with Nokia and Netflix as contrasting cases. It treats strategy as a continuous cycle, the board as a critical friend, and adapts it to public and voluntary sector constraints. Risk is not a register; it is a conversation the board never stops having. This module sets out the board's two part job of setting the risk tone and testing that it holds, what every board should satisfy itself of, the five COSO enterprise risk management components, the difference between appetite, tolerance and capacity, and what a risk aware culture requires. The Carillion collapse shows the gap between rigorous language and rigorous practice.
What you'll develop
In this Bitesize, you will develop the ability to:
- Explain the board's four strategic roles and place your own board honestly on the spectrum from ratify to co-create.
- Apply testing tools, the critical friend questions and the standard for a good strategy paper to challenge a strategic proposal without writing it.
- Identify the warning signs of strategic drift and assess how political cycles, funding dependency, multiple stakeholders and statutory duty shape strategy in public and voluntary settings.
- Explain the board's role in setting the risk tone and testing that it holds, as distinct from management's job of managing risk.
- Distinguish risk appetite, tolerance and capacity, and use the COSO components to test whether a risk system is working.
The Modules.
1 hour 30 minutes of learning.
- 04Strategy and the Board's RoleThe board does not write the strategy; it decides whether to believe it. This module sets out the board's four strategic roles, McNulty and Pettigrew's spectrum from ratify to co-create, practical tools for testing strategy, and the warning signs of strategic drift, with Nokia and Netflix as contrasting cases. It treats strategy as a continuous cycle, the board as a critical friend, and adapts it to public and voluntary sector constraints.49 min
- 05Risk, Assurance and OversightRisk is not a register; it is a conversation the board never stops having. This module sets out the board's two part job of setting the risk tone and testing that it holds, what every board should satisfy itself of, the five COSO enterprise risk management components, the difference between appetite, tolerance and capacity, and what a risk aware culture requires. The Carillion collapse shows the gap between rigorous language and rigorous practice.48 min
Go deeper, and pay only the difference
- You are hereBitesize, 1 hour 30 minutes, £39
- Next stepFocus, The board at work, 3 hours, £69. Already own the Bitesize? You pay £30.
- The whole topicExplore, Governing well, 6 hours, £129. Already own the Bitesize? You pay £90.
When you step up to a higher level, what you paid in the last 12 months for lower-level courses inside the bigger course comes off its price, in proportion to how much of each is inside it, whichever topic it's from. Courses at the same or a lower level don't give credit against each other. A Focus course or above always costs at least £15. Prices per person. Read the full terms
Also part of: Governing with confidence, A seat at the table, Homes, boards and residents
Other Bitesize in the Good Governance topic
- The bones of good governanceGovernance principles, structures and processes1 hour£39
- The top tableRoles of the chair, chief executive and board1 hour£39
- The quiet guardianThe role of the governance professional1 hour£39
- Is the board making a difference?Board performance, reporting and evaluation1 hour 30 minutes£39
