Ethics, Risk Management and Governance


Mastering Public-Private Partnership Processes

ethics risk governanceRecent corporate collapses (internationally and locally), major risk failures like the BP Oil leak, the financial crisis and major government issues ventilated in the public domain have highlighted the weaknesses of existing internal controls, ethics and risk management systems and the need for a higher level of corporate governance to better align and protect the diverging interests of the various stakeholders in the corporate 'game'.

It is therefore critical that we identify, analyse and respond appropriately to ethical risks, business risks and ensure proper governance is practiced so that we can attain the organisation's business objectives, protecting the interests of stakeholders and meeting legal requirements. This workshop explores the complex, ethical and risk challenges of business and provides a framework that will help participants identify and act on these risks and make reasoned decisions when faced with a dilemma.

This workshop also includes, inter alia, discussions and case studies on the most common and challenging aspects of implementing a business ethics program, such as conflicts of interest, fraud and internal and external theft. It is also necessary not only to develop effective risk management control systems but also to create a corporate culture that integrates business ethic, proper governance and effective compliance as an important part of the overall risk management strategy.

Target Audience

Human Resource personnel, Board and executive managers, Risk Managers, CSRs, Compliance managers, Security officers, Business line managers, Health and safety officers.

Learning Objectives

On successful completion of this course, participants should be able to:

  • Develop an understanding of the implications of regulatory requirements such as corporate accountability and ethical behaviour.
  • Define corporate governance for your organisation and develop a clearly ethical basis to your business operation and decisions.
  • Develop an understanding of risk culture building and its importance to effective ethics and risk management.
  • Determine how ethics and risk management contributes to business success.
  • Mitigate the biases that can affect risk identification and control.
  • Identify key ethics risks and how they manifest.
  • Foster ethical leadership while managing risks.

Programme Outline

This course covers the following topics:

  • The Ethics Codes and Risk Management.
  • How does the concept of ethics integrate with the concept of risk?
  • What are the behavioural aspects of risk assessment that may lead us down an unethical path?
  • What criteria should we use to determine how much risk we can sleep with at night?
  • The factors that distort our perceptions in framing risk and making risk decisions.
  • How Risk Management may Increase Risk of Misconduct (risk Homeostasis?)
  • Guidelines for ethical risk management.
  • Confusing Ethics, Law and Risk Management.
  • The importance of Corporate Social Responsibility (CSR).
  • The Emergence of the CSR agenda: A New code of conduct for doing Business?
  • Risk Culture Building, perception of risks and other biases.
  • Business Ethics & key performance indicators.
  • Review of Case studies and lessons learned.

Facilitator: Ms. Ken Hackshaw

Ken returned to Trinidad and Tobago in 2008 and serves as Managing Director and lead consultant at KHBC Limited, a risk management consulting company. He is also a lecturer/facilitator in risk management and performance management workshops.

Ken's career was built over the last 23 years working in the US and London in the field of Operational Risk Management, International Operations, and Business Process Re-engineering. An organisational change architect and Operational Risk Practitioner, Ken's highlights include:

  • Senior Risk Analysts, Depositary Trust and Clearing Corporation, New York. Assisted in the development and implementation of Enterprise Risk Management (ERM) methodologies to track, document and report on risk trends and internal controls. Conducted risk assessments for all subsidiaries of the company. Worked closely with New York State Banking authorities, Federal Reserve Bank and Securities Exchange Commission.
  • Vice President, Deutsche Bank, worked in both the New York and London offices as Operations Manager for International Securities Processing and Settlement, Product Management and Risk Management.
  • Vice President, Electronic Data Systems (EDS), Senior Operations Manager, Cash Management Services, Business Continuity Planning and Risk Management.
  • Vice President, Bankers Trust Company, New York, Head of International Operations and Securities Processing and Settlement.

Ken holds a Bachelor of Science degree in Business Management, a Diploma in Law from the University of London and advanced training and certification in Operational Risk Management,

International Securities Processing and Project Management. Ken is currently pursuing his LLB in law through the University of London.

Ken is a member of the Risk Management Association (RMA) and the Global Association of Risk Professionals (GARP) in the United States and has spoken at conferences on Operational Risk Management and the use of Key Risk Indicators (KRI's) in identifying operational risks. He is also a member of the Institute of Internal Auditors (IIA). Ken has developed and facilitated risk management workshops at the training and development centre at the Arthur Lok Jack Graduate School of Business and other institutions. Ken is also a part time faculty member of The International Governance and Risk Institute.


Date View Event Calendar 6th - 8th August, 2014
Time 8:30 pm – 4:30 pm
Duration 3 Days
Cost TT $4,200.00 (inclusive of training materials, refreshments and Certificate of Participation) 
Please note that prices are subject to change without notice.
Venue Arthur Lok Jack Graduate School of Business
Max Richards Drive,
Uriah Butler Highway, North West,
Mt. Hope


Tel: 645-6700
Fax: 662-1411


Brent Cassim - ext. 330
Anastasia Mohammed - ext. 328



Certificates will only be issued to participants who have attained a minimum attendance rate of 75% for the duration of the course.

Course Cancellation/ Reschedule Policy

Arthur Lok Jack GSB (ALJGSB) reserves the right to cancel training at any time. If ALJGSB cancels the training due to unforeseen circumstances beyond the control of ALJGSB, you are entitled to a full refund of the course fee, or your course fee can be credited toward a future training, based upon availability (providing payments have been made before original advertised date).

ALJGSB reserves the right to reschedule training at any time. If ALJGSB reschedules training due to unforeseen circumstances beyond the control of ALJGSB, the training will take place at the next available time. Participants will be informed via phone and/or e-mails.



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