Coherent Advice has a wide range of products and services that fully comply with global standards.

Risk Management for Boards and Directors

Coherent Advice is uniquely positioned to provide relevant, focused risk management advice to Boards of Directors and one-on-one training for individual directors. John Lark, Managing Principal for Coherent Advice, has over 20 years of experience on Boards including over 10 as Chair. In addition John has successfully completed the ICD/Rotman courses for Not for Profit Directors and has, after successfully completing the ICD directors Education Program, earned the prestigious ICD.D designation.

Risk management training for Boards includes reviewing the requirements and testing that has been developed and implemented by the Ontario Securities Commission. It also addresses how Boards can effectively assess the risk management plans and reports that CEOs and CROs provide to Boards for review and approval. Linkages between the audit and risk functions are explored as ell as the concepts or risk appetite and risk tolerance.

Risk management is a tool to facilitate the achievement of objectives. When effectively implemented it becomes a valued input to priority setting and decision-making.

Training for individual Directors is completed through discussions and tailored training. Everyone who is a Director has an understanding of risk management. A Director’s effectiveness can be enhanced through training that is targeted to address only those areas where gaps in experience or understanding exist. Often risk management training for individual Directors can be completed in a few hours.

Coherent Advice opens any Board or Director engagement with a brief discussion of options and outcomes. These initial discussions are provided without charge or obligation.