921.1     Risk Oversight - The Board's Role
in Risk Management
 
When and Where:
  • October 13, 2014 (8:30 a.m. – 5:00 p.m.)
  • The Penn Stater Conference Center Hotel, State College, Pa.
Who Should Attend:    
  • Directors of electric cooperative boards
Format:     
  • An instructor-led course available in a one-day format
Course Overview:     
  • Electric co-op boards are operating in what may be one of the most challenging business environments any generation of directors has ever known. The array of risks ranges from financial, regulatory, cyber and economic to technology and changing member demographics. This course is designed to provide directors with the principles and tools to improve their processes for overseeing the cooperative’s risk management activities. Using co-op examples and real-world case studies, this interactive course discusses the unique role of board and management to identify, manage, and mitigate risk with processes that are appropriate to the characteristics of individual cooperatives.
Key Topics Include:    
  • Defining the cooperative’s risk drivers and risk appetite

  • Distinguishing the board’s role from management’s role in risk management

  • Aligning strategy, risks and controls

  • Working with management to identify the risk information the board needs

  • Assessing the cooperative’s risk management process

Pennsylvania Rural Electric Association
PO Box 1266 • Harrisburg, PA 17108
Phone: (717) 233-5704 • Fax: (717) 234-1309 • Email Us:
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