Board Oversight of Climate Risks and Opportunities
(Registration Closed)
Board Oversight of Climate Risks and Opportunities
(Registration Closed)
23 April 2024
Date
9.00am - 5.00pm
Time
RM 2,500
Program Fee
Hybrid
Format
Directors and corporate leaders are generally aware that climate change has caused a lot of damage and disruption; and is bound to do far worse as it intensifies. However, they may not understand well the specific impact that climate change has and will likely have on their businesses.
Given the widespread direct and indirect effects of global warming, all companies are exposed to climate-related risks and opportunities, which they must properly consider.
In this workshop for directors and senior management, Professor Mak Yuen Teen and Dr Khoo Guan Seng will share insights from their report on the role of the board of directors in overseeing climate risks and opportunities. They will also help participants understand key climate change concepts, principles and risk management issues relevant to their organizations’ activities. The coverage will include identifying opportunities for financial institutions and other corporations to support climate change adaptation and mitigation while helping them to explain climate change and the impact, including risks, to their other stakeholders. It will also help boards and management to shape their organization’s strategies, policies, products and/or services in response to climate change, climate change policy and market developments.
The program will also cover other topics relevant to boards in the context of climate risks and opportunities, such as putting in place appropriate governance and management structures, assessing materiality, integrating climate indicators into management remuneration, reporting and assurance, and greenwashing. The faculty will share insights from their research on company practices in these areas.
Professor Mak and Dr Khoo will discuss 10 key questions that boards should ask in discharging their oversight responsibilities for climate risks and opportunities, and good practices in this important area.
The program will be highly interactive with discussion of real-life case studies and scenarios relevant to climate risks and opportunities.
- Identify the types of climate risk their organizations are exposed to
- Assess the risks and opportunities created by climate change on their organization
- Adopt an effective climate governance framework
- Put in place appropriate governance and management structures to oversee and manage climate risks, including setting clear roles and responsibilities
- Implement a robust materiality assessment and linking this to strategy, risk management, metrics and targets
- Evaluate whether and how to include climate metrics and targets in management remuneration
- Implement effective climate risk management, contingency planning, scenario analysis and planning
- Apply good practices in climate reporting, including integrating with financial reporting
- Understand and mitigate risks of greenwashing
- Board of Directors
- Members of Risk Management and Sustainability Committees
- Senior Management
- Anyone else who may find this program helpful.
Faculty Profile
Professor Mak Yuen Teen PhD is Professor (Practice) of Accounting at the NUS Business School, National University of Singapore (NUS). He was a former Vice Dean of the School and the founder of the first corporate governance centre in Singapore at NUS. He recently founded the Centre for Investor Protection at NUS. He holds first-class honours, master and PhD degrees in accounting and finance.
Prof Mak has served on three of the four corporate governance committees set up by the Singapore authorities to develop and revise the code of corporate governance for listed companies, including the first committee in 2000. He currently serves on the Corporate Governance Advisory Committee under the Monetary Authority of Singapore.
He was a former member of the governing council of the Singapore Institute of Directors, and is currently a member of the international advisory board of the Hawkamah Institute for Corporate Governance in Dubai and a senior advisor and advisory council member of the Vietnam Independent Directors Association.
Dr Khoo Guan Seng has over 28 years of experience in the design and implementation of enterprise-wide investment, banking and risk management models, systems and processes, including ESG/responsible investing. He gained deep practical insights from a career with financial institutions in the US, Canada, UK and Singapore, including the Man Group, where he was the Principal Scientist, designing and running an algorithmic AI-based hedge fund; and American Bourses Corporation, which provided robo-based analytical solutions and financial info-utilities to traders and investors.
He has also served at ATOS Origin, RHB Capital, Singapore Exchange, Standard Chartered Bank, Temasek Holdings, Alberta Investment Management Corporation (AIMCo), Changi Airports International, and the Alliance to End Plastic Waste (AEPW). He holds a PhD in Computational Physics (Material Science) from the National University of Singapore, with post-doctorate R&D in AI-based data mining and applications in Japan and the US.
Professor Mak Yuen Teen PhD is Professor (Practice) of Accounting at the NUS Business School, National University of Singapore (NUS). He was a former Vice Dean of the School and the founder of the first corporate governance centre in Singapore at NUS. He recently founded the Centre for Investor Protection at NUS. He holds first-class honours, master and PhD degrees in accounting and finance.
Â
Prof Mak has served on three of the four corporate governance committees set up by the Singapore authorities to develop and revise the code of corporate governance for listed companies, including the first committee in 2000. He currently serves on the Corporate Governance Advisory Committee under the Monetary Authority of Singapore.
Â
He was a former member of the governing council of the Singapore Institute of Directors, and is currently a member of the international advisory board of the Hawkamah Institute for Corporate Governance in Dubai and a senior adviser and advisory council member of the Vietnam Independent Directors Association.
Dr Khoo Guan Seng has over 28 years of experience in the design and implementation of enterprise-wide investment, banking and risk management models, systems and processes, including ESG/responsible investing. He gained deep practical insights from a career with financial institutions in the US, Canada, UK and Singapore, including the Man Group, where he was the Principal Scientist, designing and running an algorithmic AI-based hedge fund; and American Bourses Corporation, which provided robo-based analytical solutions and financial info-utilities to traders and investors.
Â
He has also served at ATOS Origin, RHB Capital, Singapore Exchange, Standard Chartered Bank, Temasek Holdings, Alberta Investment Management Corporation (AIMCo), Changi Airports International, and the Alliance to End Plastic Waste (AEPW). He holds a PhD in Computational Physics (Material Science) from the National University of Singapore, with post-doctorate R&D in AI-based data mining and applications in Japan and the US.
Connect with us to start
Board Oversight of Climate Risks and Opportunities
RM 2,500
