WSA to host Risk Training Seminar in May

The Welsh Sports Association (WSA) will be hosting an in-person risk training seminar exclusively for members, entitled ‘Risk as a Facet of Strategy and Control?’, on 24th May. It will contain crucial information for your organisation’s resilience and is set to be led by industry expert Mark Wearden, who boasts extensive experience in delivering consultancy projects to a wide variety of clients.

As well as a whole host of other services he provides for all types of bodies, Mark has delivered consultancy projects through MBS Governance – a private strategy consultancy which he has run for the past 27 years, following 12 years in International Banking as an analyst and 8 years in Industry as a finance director. Mark has worked extensively with directors and senior managers from a wide range of different type and size of organisation, giving him a challenging insight into the minds of the directors of corporate Britain and is also himself an experienced Non-Executive Director and Audit Committee Advisor.

The last two years of pandemic have highlighted many uncertainties for all of us, as individuals, and as organisations. As we re-engineer and re-generate the momentum required for continuity and viability, this is an optimal time to reassess our understanding of the difference between ‘risk’ and ‘uncertainty’. In this workshop we will consider practical dimensions to help in our strategic planning, risk mitigation, and control of irrationality and failure.

The workshop will take place as follows:

10:00 START OF WORKSHOP

Risk Perspective – 1
RECOGNITION: Risk is an intrinsic part of strategy, requiring management & control

Risk Perspective – 2
PARAMETERS: Risk appetite, risk capacity, and risk tolerance

Risk Perspective – 3
MATERIALITY: Measurement, probability, continuity, assessment, and metrics

13:00 to 13:30 LUNCH

Risk Perspective – 4
OWNERSHIP: Holistic accountability from conception of risk to disaster recovery

Risk Perspective – 5
MITIGATION: Finding the appropriate internal and external controls

Risk Perspective – 6
CHALLENGE: ‘True and fair’ – the need for scepticism

16:00 END OF WORKSHOP

The seminar will be held in person at a venue that is yet to be confirmed, although it will be taking place in Cardiff and will open its doors at 9am on May 24th. Details on location will come in due course.

There will be a maximum of 30 spaces at this event with the cost being subsidised through the Governance and Leadership Framework for Wales, meaning tickets will cost just £50.

For full details about the event, links to Mark’s published work, and to book your place at this important seminar, please click here.

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