Webinar, Workshop
February 24, 2022
2:00 pm - 4:00 pm
150 for individual session (participation in sessions 1 & 2 are not required)

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3-Part Virtual Series│ERM in Non-Profit Organizations: Embracing Change as the New Normal

February 24, 2022

2:00 – 4:00 PM EST

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Extraordinary Times Require Peer-to-Peer Collaboration

The past several months have reminded us that change is a reality that ushers in all kinds of uncertainties that trigger both risks and opportunities. Organizations benefit when their boards and management teams embrace change as the “new normal” and run with its advantages.

To help non-profit and association leaders and their boards embrace the opportunities that change presents, we are pleased to host our 3rd annual 3-part on-line workshop series on ERM in Non-Profit Organizations: Embracing Change as the New Normal. Each fall individuals leading risk management and strategic planning efforts at non-profit organizations and members of non-profit boards come together to share their insights about managing the unfolding issues in 2021 that continue to emerge during these uncertain times and lessons being learned for moving forward.

Day 3: Supporting the Board’s Role in Risk Oversight

Welcome Back and Recap of Part 1 and 2
Mark S. Beasley, KPMG Professor of Accounting & Director of the ERM Initiative | NC State University
Melissa Musser, Partner | GRF CPAs & Advisors
This session will focus on techniques for communicating risk information to the board of directors to benefit from their insights about risks on the horizon, with a particular focus on managing risks related to cyber and technology innovation, given those risks are top-of-mind for boards of directors.

What are Boards Looking for Regarding Risk Oversight?
Ruthann Bates, Board Member | Iona Senior Services
Andreas Alexandrou | GRF CPAs & Advisors

Individuals who serve on boards of non-profits play a critical role in helping management with the oversight of risks on the horizon. Given those individuals are not onsite with management day-to-day, board members are often concerned about ensuring they have a robust understanding of risks that may be emerging for the organization. Ruthann Bates serves as President of the board of directors for Iona Senior Services and Andreas frequently engages with boards on a number of risk-related matters . They will highlight the kinds of risk information boards seek to monitor risks that may impact the organization’s strategic success.

Insights about Communicating Risk Information to Your Board
Keith Cureton, Former Chief Compliance and Ethics Officer (and ERM Leader) at UPS
Currently Director of Ethics and Compliance at Kamehameha Schools
Before joining Kamehameha Schools in Honolulu, Keith led the Enterprise Risk Management (ERM) process at UPS. In that role, Keith was responsible for communicating and presenting risk overviews for the Board of Directors at UPS. His team aggregated risk insights from across the global organization and updated the board about risk trends and threats on the horizon. Keith will share his insights about packaging risk-related information for boards and provide advice to non-profit leaders to help them support their boards in risk oversight.

Top Risks on Minds of Boards for 2022 and 2031
Mark Beasley | NC State University
In December 2021, NC State’s ERM Initiative released its 10th annual report, Executive Perspectives of Top Risks for 2022 and 2031, that highlights risks on the minds of boards and executives for the short term (this year) and a decade later (2031). This report separately analyzes those risks particularly of concern to board members and those specific to non-profits. Not surprisingly, boards are particularly focused on risks related to cyber and technology innovations. Mark will highlight key insights about risks for 2022 and 2031.

Managing and Monitoring Cyber Risks
Darren Hulem, Mac Lillard, and Melissa Musser | GRF CPAs & Advisors
There are a number of technology-related dimensions that might create cyber risks for non-profit organizations, including phishing attacks, ransomware, and data breaches. This session will help raise awareness about a number of cyber-related issues that organizations need to assess and strategies for identifying and managing technology-related risk exposures. They will also demonstrate an assessment tool they use with non-profit organizations to help pinpoint specific areas of vulnerability.

Board Perspectives on Overseeing Technology Related Risks
Angela Oehlerking, Chief Financial Officer |  Christ House residential medical facility for homeless persons
Ricardo Trujillo, Partner | GRF CPAs & Advisors

Given all organizations are exposed to cyber risks, it goes without saying that boards of directors are especially concerned about monitoring this ever-present reality. Angela serves as CFO at Christ House, which is a residential medical facility for homeless persons.  Angela and Ricardo will highlight the kinds of risk information leaders of non-profits seek to monitor risks related to their organization’s use of information technologies.

Wrap up
Melissa Musser | GRF CPAs & Advisors

Who Should Attend?

This annual workshop is targeted to individuals who have risk management-related responsibilities (e.g., leaders of existing and emerging ERM programs, institutional compliance, internal audit, general counsel, and other related and supporting roles) and the executives and board members to whom they report at a non-profit or association. More than one individual may attend from the same organization and participation in sessions 1 & 2 are not required.

Cost│CPE Credit Available

$150 for the final session | 2.0 CPE per session (participation in sessions 1 & 2 are not required)

In order to receive the full 2.0 CPE credit per session, participants will be required to respond to at least 3 polling questions per CPE credit hour and participate in break-out discussions.

Field of Study | Management Services: Enterprise Risk Management
Prerequisites & Advanced Preparation| None
Program Level | Basic
Delivery Method | Group Internet Based

Melissa Musser, CPA, CIA, CITP, CISA

Partner and Director, Risk & Advisory Services

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