Govinst Postgradcourses Handbook 2016 Web

Postgraduate
courses
Handbook 2016
Graduate Certificate of
Applied Risk Management
Graduate Diploma of
and Corporate Governance
Graduate Diploma of
Applied Corporate Governance
Welcome
Governance Institute of Australia is the only independent
professional association with a sole focus on wholeof-organisation governance. Our education, support
and networking opportunities for directors, company
secretaries, governance professionals and risk managers
are second to none.
Postgraduate education is the gateway to Associate or Fellow membership of
Governance Institute of Australia.
Our Graduate Certificate of Applied Risk Management sets the standard for
entry into the risk management profession. The Graduate Certificate is a
comprehensive course in risk management that is unrivalled in its breadth
and depth of coverage. It is also highly relevant for governance practitioners
seeking to broaden their risk management skills.
Our Graduate Diploma of Applied Risk Management and Corporate
Governance builds on the Graduate Certificate by providing a corporate
governance overlay. This is highly relevant for risk professionals who need to
deal with boards or understand governance practices in senior management.
Our Graduate Diploma of Applied Corporate Governance sets the standard
for entry into a profession in governance. The Graduate Diploma is the
only applied postgraduate course in governance with higher education
accreditation that includes tailored public and private sector subject options,
as well as a dedicated subject on Risk and Compliance. This course is the
gateway to Associate and Fellow membership of Governance Institute and the
Institute of Chartered Secretaries and Administrators (ICSA) and recognition
as a Chartered Secretary.
Steven Burrell
Chief Executive
Contents
Graduate Certificate of Applied Risk Management
Graduate Diploma of Applied Risk Management

and Corporate Governance
Graduate Diploma of Applied Corporate Governance 4

Course overview
Benefits of study
Learning with the experts
Study options
12
Learning resources
13
Subject content
15
Eligibility and exemptions
29
Governance is there to
shine a light. Sometimes
itsa warning, sometimes
its there to attract
attention, and sometimes
its there to guide.
Peter Achterstraat FGIA
Former Auditor-General, NSW
Assessment32
Enrolment and general information
34
Frequently asked questions
36
Postgraduate courses | 2016 Handbook
Applied Risk
Management
The Graduate Certificate of Applied Risk
Management is a comprehensive course
which is designed to give students a
solid understanding of risk management
frameworks and compliance principles
at an organisational and global level with
practical application in the workplace.
The course is ideal for risk management practitioners
and senior managers with responsibility for risk
management functions. It is also highly relevant for
governance practitioners seeking to broaden their risk
management skills.
The Graduate Certificate is designed and taught
by leading risk management practitioners. It is fully
accredited by the national regulatory and quality agency
for higher education, the Tertiary Education Quality and
Standards Agency (TEQSA), which confirms the academic
rigour and quality of the program.
Subjects are listed in the recommended study order.
Please note, Risk Management Project cannot be
attempted until the other three subjects have been
successfully completed.
Eligible students have the option on completion of this
Graduate Certificate to continue on to the Graduate
Diploma of Applied Risk Management and Corporate
Governance, where an overlay of governance is added to
the risk management education.
Graduate Certificate
of Applied Risk
Management subjects
Risk and Compliance
Advanced
Risk Management
Risk
Management in
Practice
Risk
Management
Project
Graduate Diploma of
Applied Risk
Management and
Corporate Governance
The Graduate Diploma of Applied Risk
Management and Corporate Governance is
a unique offering in the risk and corporate
governance education market. This
accredited postgraduate course gives you
hands-on knowledge, drawing from real-life
cases and practical examples, to position
you as your organisations greatest asset
for driving responsible risk and corporate
governance performance.
Graduate Diploma
of Applied Risk
Management and Corporate
Governance subjects
Risk and
Compliance
Advanced
Risk Management
This course allows you to learn about the important role

risk management plays in effective governance today.
Risk
Management in
Practice
The course is ideal for risk management practitioners and

senior managers with responsibility for risk management
and corporate governance functions. It is also highly
relevant for governance practitioners seeking to broaden
their risk management skills.
This Graduate Diploma is designed and taught by leading
risk, law and business practitioners and academics. It
is fully accredited by the national regulatory and quality
agency for higher education, the Tertiary Education
Quality and Standards Agency (TEQSA),
which confirms the academic rigour and
Applied
quality of the program.
Corporate
Law
Subjects are listed in the recommended

study order. Please note Risk Management
Project cannot be attempted until the other
three risk subjects have been successfully completed.
Risk
Management
Project
Governance elective
(choose one subject)
Public Law and

Government
Corporate
Accountability:
Meetings and
Disclosure
Public Sector
Accountability and
Transparency
Corporate
Governance
Graduate Diploma of
Applied Corporate
Governance
The Graduate Diploma of Applied Corporate
Governance provides comprehensive
knowledge and practical skills in good
governance as well as essential education
for senior governance professionals
and those aspiring to such roles. It is the
industry standard qualification for good
governance and responsible performance
in corporate, not-for-profit and public
sector organisations.
Subjects are listed in the recommended study order.
Students can choose between completing either the
public sector stream or the private sector stream for the
first two subjects.
The Graduate Diploma of Applied Corporate Governance
with Governance Institute of Australia is the only
education pathway which can lead to membership of the
Institute of Chartered Secretaries and Administrators
(ICSA). The course entitles you to use the international
designation of Chartered Secretary, and we are the only
professional association in Australia through which this
designation can be gained.
This Graduate Diploma course is designed and taught
by leading law and business academics, and expert
practitioners in governance. Specialist expertise is
augmented in the course by leading practitioner
guest presenters.
All postgraduate courses with Governance Institute are
accredited by Tertiary Education Quality and Standards
Agency (TEQSA), the national body that regulates
Australian tertiary education standards.
Graduate Diploma of
Applied Corporate
Governance subjects
Private sector stream
Public sector stream
Applied
Corporate Law
OR
Public Law and

Government
Corporate
Accountability: Meetings
and Disclosure
OR
Public Sector
Accountability and
Transparency
Corporate
Governance
Risk and
Compliance
Financial and
Management
Accounting
Corporate Financial
Management
Course
overview
Below please find an overview of how the subjects fit into the postgraduate courses.
Graduate Certificate
of Applied Risk
Management
Graduate Diploma
of Applied Risk
Management and
Graduate Diploma of Applied Corporate Governance*

Private sector stream
Public sector stream
Risk and Compliance
Risk and Compliance
Applied Corporate Law
Public Law and

Government
Advanced Risk
Management
Advanced Risk
Management
Corporate Accountability:
Meetings and Disclosure
Public Sector
Accountability and
Transparency
Risk Management in
Practice
Risk Management in
Practice
Risk Management Project
Risk and Compliance
Financial and Management Accounting

Corporate Financial Management
Choice of one elective

from below:
Public Law and
Government
Public
Sector
* Please note: all subjects listed for the
Graduate
Diploma of Applied Corporate Governance accord with the corresponding modules under
ICSAs International Qualifying Scheme.
Accountability and
Transparency
Course overview
The Graduate Diploma

hasbeen a great
opportunity for me
to further develop
an understanding of
corporategovernance
generally, which made me
engage more at work, as
well as greatly expanding
my skills and knowledge.
Sarah Graves AGIA
Single subjects
Advanced standing
If you do not wish to undertake any postgraduate course,

you may enrol in single subjects as a non-award student,
for which no previous qualifications are necessary.
Holders of any postgraduate course may seek advanced

standing on entering an MBA and other relevant
postgraduate business and law programs at selected
Australian universities.
A certificate of completion is provided on the successful

completion of each subject.
Professional accreditation
CPD
Accountants and solicitors should be entitled to claim
credit for subjects under their continuing professional
development (CPD) and mandatory continuing legal
education (MCLE) requirements. See the CPD/MCLE rules
of your relevant association(s).
All postgraduate courses entitle you to CPD hours
for Governance Institutes CPD program. Please go to
governanceinstitute.com.au Membership Continuing
professional development (CPD) for more details.
Other professional membership bodies may allow
members to claim credit for Graduate Certificate or
Graduate Diploma subjects under their continuing
professional development (CPD). See the CPD rules of
your relevant association(s).
Benefits
of study
Why enrol?
The postgraduate courses may be undertaken:
as a way of keeping abreast of key risk and corporate
governance issues and developments
as part of a career path towards becoming qualified to
assume corporate governance and risk management
responsibilities
as a postgraduate study option
by those seeking to gain Governance Institute
membership
by those seeking to gain Chartered Secretary status
(only applicable for Graduate Diploma of Applied
Corporate Governance).
How study with Governance

Institute will benefit you
Completing any postgraduate course will provide you with:
a fully accredited and internationally recognised
postgraduate qualification focused entirely on
corporate governance and risk management
skills and tools for you to develop the best risk
management strategies for your organisation
the flexibility of commencing distance study at any
time throughout the year
practical knowledge and skills that can be readily
applied in your workplace to give you a competitive
personal and career edge
an explicit demonstration of your expertise in,
and commitment to, sound governance and risk
management practices
an in-depth understanding of how to meet compliance

requirements, including the Corporations Act 2001,
ASX Listing Rules and key governance guidelines
comprehensive coverage of the legal and regulatory
environment in risk management to anticipate and
meet your compliance responsibilities
an understanding of the complex issues which face
todays risk management professionals, and the
frameworks and approaches that you can use to
manage them
knowledge of best practice worldwide through indepth analyses of case studies and international
standards to benchmark your companys performance
the expertise to become a highly regarded adviser
to management and the board, or to be a valued
board member
the opportunity to network with other governance
and risk management professionals as well as
senior managers
an holistic appreciation of risk on an organisational
and industry level
the confidence to use acquired knowledge to
anticipate critical risk scenarios, adapt and respond to
a dynamic real-world environment, and protect your
organisations most important assets
the gateway to full membership of Governance Institute
access to our international affiliations (Graduate
Diploma of Applied Corporate Governance only).
Find out how postgraduates and current students have
benefited from studies with Governance Institute at
governanceinstitute.com.au Education & training
Postgraduate courses Student stories.
the ability to foster excellence in governance,

corporate conduct and administration as a proactive
member of the senior executive team
Benefits of study
How study with Governance

Institute will benefit your
employer
The postgraduate courses are rigorous and fully higher
education accredited, which will provide you with the
skills and expertise to implement high standards of
corporate conduct and administration, thus significantly
increasing your contribution to your organisation.
Your completion of any postgraduate course will provide
your employer with benefits including:
immediately useable, highly developed specialist
skills in corporate law, corporate compliance, company
secretarial practice, corporate governance, corporate
administration and risk management
enhanced ability to better serve the needs of
corporate and internal clients
reassurance for your organisation and corporate
clients that staff have attained an industry-standard
postgraduate qualification in governance and risk
management to list in annual reports, and as required
in fundraising documents
flexible study options designed to help students and
employers minimise impact on work commitments
tutorial study options offering structured networking
opportunities with clients and potential clients
access to Governance Institute seminars, courses and
CPD activities to ensure that your organisation and
staff stay at the forefront of the latest developments
in governance and risk management
an understanding of sound practice in governance

and risk management and the tools and techniques to
apply to your organisation
graduates will be eligible for membership of
Governance Institute of Australia, Australias
independent leader in governance and risk
management which will help ensure you and your
organisation stay up to date and informed.
All managerial staff can benefit from components of
the postgraduate courses even if the full course is not
appropriate. Non-award enrolments are welcomed and
in this case, no previous qualifications are necessary.
For example, Applied Corporate Law covers the most
important features of the Corporations Act which
affect corporate administration and is an ideal
stand-alone subject.
Learning with
the experts
Governance Institute is privileged to have
some of Australias leading business and
law academics and corporate executives
as course directors, guest presenters and
subject authors. Course directors
are handpicked to ensure that students
are exposed to optimum levels of technical
knowledge, professional experience and
communication skills. In addition, we invite
guest presenters with strong industry
involvement and acknowledged expertise
to reinforce the applied focus for which our
Graduate Diploma is well known.
Associate Professor Anil Hargovan, Australian School

of Taxation and Business Law, University of New
South Wales
Bill Hundy FGIA, Corporate Lawyer and Company
Director, Watson, Mangioni Solicitors
Joanne MacDonald, MacIsles Consulting
Catherine Maxwell FGIA, Company Secretary,
Cancer Council NSW
Steven Maycock AGIA, Legal & Governance Counsel,
North Queensland Bulk Ports Corporation
Damian McKenzie-McHarg, Quality and Risk Manager,
TAFE NSW Riverina Institute
Chris OMeara FGIA, Barrister-at-Law
Stephen Partington FGIA, Company Secretary, Ten
Network Holdings Ltd
Course directors
Margaret Pyrchla FGIA, Manager, Risk and Compliance,

Western Power
Dr Kevin Adams, former Deputy Pro Vice-Chancellor,

Business Learning & Teaching, RMIT University
Dr Colin Sharp FGIA, Managing Director, PERSONAL

(R&E) Consultancy
Robin Bowley FGIA, Lecturer, Faculty of Law, University

of Technology, Sydney
Jayne Staddon FGIA, Manager Legal and

Governance, Queensland Performing Arts Centre
Dr Marco Bini FGIA, Director, Policy and Coordination,

Victorian Auditor-Generals Office
Philip Thomas FGIA, Managing Director, Oakland Group

Pty Ltd
Glenn Burke, Principal, Proactive Business Advice
Jevon Turner, Manager, Business (Risk and

Compliance), Herron Todd White
Dr Ulysses Chioatto, Executive Director, Institutional

Shareholder Services Inc
Paul Chivers, Chief Risk Advisor, Riskfacilitator Pty Ltd
Lawrence Tutton FGIA, former Company Secretary,

GUD Holdings Ltd
Dennis Clark FGIA, Managing Director, Clark Corporate

Consulting
Peter Whelan FGIA, Lecturer, School of Economics &

Finance, Queensland University of Technology
Caron Cobarg Sugars FGIA, Director, Risk and Advisory

Services, KPMG
Peter Whyntie FGIA, Director and Principal Consultant,

Peter Whyntie & Associates Pty Ltd
Dr Michael Drew FGIA, Director, Drew, Walk & Co
Michael Wilson, Lecturer, School of Accounting,

University of Western Sydney
Laurie Factor FGIA, former Senior Lecturer, School of

Business Law, Curtin University
Andrea Hall, Non-executive Director, Chair
Audit and Risk Committee, Lotterywest
Lidia Xynas, Senior Lecturer, Director of Teaching and

Learning, Victoria University
Guest presenters include

Karesse Biggs AGIA, General Manager Corporate
Services, Stanwell Corporation Ltd
Dr Martin Brueckner, Lecturer in Sustainability, School
of Management and Governance, Murdoch University
Caroline Chan, Director, CADL Legal
Caron Cobarg Sugars FGIA, Director, Risk and Advisory

Services, KPMG
Ben Fountain, Director Risk Services, Deloitte
Touche Tohmatsu
Robbie Sinclair, Manager, Risk and Business
Continuity, Griffith University
John Davis, Senior Manager, Risk Advisory, EY
Catherine Dent, Director, People and Culture Strategies
Associate Professor Anil Hargovan (Chair), School

of Taxation & Business Law, University of New
South Wales
Darryl Edwards FGIA, Company Secretary, RCR

Tomlinson Ltd
Claire Elliott, Assistant Company Secretary, Telstra
Garth Fountain-Smith FGIA, Director, Principal Legal
Practitioner, Fountain-Smith Lawyers + Governance
Jason Harris FGIA, Associate Professor, Faculty of Law,

University of Technology Sydney
James Gerraty FGIA, Manager Listings, ASX
Professor Michael Adams FGIA, Dean School of Law,

Western Sydney University
Melissa Grundy FGIA, Company Secretary, Bank

of Queensland
Jeff Fitzpatrick, Lecturer in Law and Associate Head

Flinders Law School, Flinders University
Stephen Harris AGIA, Company Secretary, Medibank

Private Ltd
John Hatton FGIA, former Company Secretary,

Commonwealth Bank of Australia
John Hasker AM, Chairman, Aurora Energy
Marina Nehme, Senior Lecturer, Faculty of Law,

University of New South Wales
Justin Jones, Counsel, Ashurst

Martin Jones FGIA, General Manager Operation Risk
and Compliance, Boardroom Pty Ltd
Bill te Kloot FGIA, Director and Company Secretary,
Wilant Management Pty Ltd
Justin Leach, Assistant Director, Enforcement Operations
NSW, Australian Competition and Consumer Commission
Oliver Talbot, Senior Associate, McCullough

Robertson Lawyers
Corporate Accountability Meetings &

Disclosure
Tony Stumm (Chair), Partner, Carter Newell
Louis Martin, Legal Counsel, Solicitors Office,

Wesfarmers
Martin Jones FGIA, General Manager Operation Risk

and Compliance, Boardroom Pty Ltd
Marshall McKenna, Partner, Allens Arthur Robinson
Andrew Lumsden FGIA, Partner, Corrs

Chambers Westgarth
John Mouawad, Executive Director, KordaMentha

Malcolm Tyler AGIA, Company Secretary/General
Counsel, GUD Holdings
Alan Worsley, Senior Policy Lawyer, ASIC
Chris OMeara FGIA, Barrister-at-Law

Simon Pordage FGIA, Company Secretary, Australian
Foundation Investment Company Ltd
James Gerrarty FGIA, Manager Listings, ASX
Subject advisory committees
Subject advisory committees are the body of subject

matter experts, comprising of academics and practitioners,
who constantly review and update the learning materials to
ensure they reflect current law and practice.

Advanced Risk Management

Damian McKenzie-McHarg (Chair), Quality and Risk
Manager, TAFE NSW Riverina Institute
Dr Malcolm Freeman, Consultant
Simon Hart, Senior Consultant, Enhanced Solutions
10
Michael Wilson, Lecturer, School of Accounting, Western

Sydney University
Phillip Lipton (Chair), Associate Professor, Department
of Business Law & Taxation, Monash University
Dr Jennifer Bartlett, Associate Professor, QUT
Robin Bowley FGIA, Lecturer, Faculty of Law, University
of Technology Sydney
Dr Lyndal Drennan, AIM Graduate School, Academic

Director, Australian Institute of Management
Michael Wheelahan, Group Director, Governance,

Department of Environment and Primary Industries
Associate Professor Anil Hargovan, School of Taxation

& Business Law, University of New South Wales
Dr David S White FGIA, former Program Leader:

Leadership Capability, (SA) Dept of Premier & Cabinet
Public Sector Management Division
Lawrence Tutton FGIA, former Company Secretary,

GUD Holdings Ltd

Michael Wilson, Lecturer, School of Accounting,
Public Law and Government

Dr Geoff Airo-Farulla (Chair), State Director
Queensland and Northern Territory, Commonwealth
Ombudsman
Margaret Hyland, Lecturer, School of Law, Western
Sydney University
Risk and Compliance

Kerry McGoldrick FGIA, (Chair) Senior Manager,
Advisory, Ernst and Young
Nathan Hodge, Partner, King & Wood Mallesons
Jeff Krins, Partner, HRLegal
Joanne Macdonald, Head of Risk Management
& Compliance, Colonial First State Global
Asset Management
Peter McGee AGIA, Senior Manager, Risk and Securities
Services, ASIC
Kellie Powell, Compliance Systems Manager,
Woolworths Ltd
Louise Marcroft
Risk Management in Practice
John McMillan, Acting NSW Ombudsman
Bill Hopsick (Chair), Acting Deputy CFO, Queensland Rail
Damian McKenzie-McHarg, Lawyer, Governance and

Risk Consultant
Adam Walk FGIA, Partner, Drew Walk & Co

Cara Leavesley, Lawyer, Corrs Chambers Westgarth
Associate Professor Philip Ross, School of Business,

Julian Gailard AGIA, Risk Compliance and Assurance

Manager, Origin Energy
Public Sector Accountability and

Transparency
Steve York, Head of Risk Consulting (Pacific),

Marsh Pty Ltd
Dr Warren Mundy (Chair), Commissioner, Productivity

Commission
Louise Marcroft
Associate Professor Philip Ross, School of Business,
11
Study
options
A significant advantage of the postgraduate
courses is that our subjects are available in
either tutorial or distance modes.
As a student you will have flexibility to arrange your study
around your career and lifestyle commitments.
Timetables can be accessed via Governance Institutes
website at governanceinstitute.com.au Education &
training Postgraduate courses Key dates & fees.
Tutorial mode
Tutorial classes focus on the practical application
of the subject content. They are held at convenient
CBD locations:
one evening a week over a 12-week semester in
Sydney, Melbourne, Brisbane and Perth
for some subjects, on several Saturdays spread over
the semester.
Please refer to the tutorial timetable for details.
Not all subjects are available in tutorial mode in all state
capitals in every semester.
Governance Institute reserves the right to cancel or vary
the provision of classes.
Distance mode with online

support
Enhanced study notes and the online classroom provide
necessary learning support in lieu of face-to-face
teaching. While you are encouraged to start at normal
semester times (see p 34), this mode allows you the
flexibility to start your studies at other times, but you
should note the assessment dates on p 33 still apply.
Public Law and Government and Public Sector
Accountability and Transparency are available in alternate
semesters as subjects in distance mode only.
All other subjects are available in distance mode in
all semesters.
Subject completion
If you should fail to complete the assessment
components for subjects studied in the initial semester,
you are able to complete them in the next consecutive
semester for a fee of $300 per subject, with updated
materials supplied online. Tutorial students will be
provided with online support in the following semester
but will not be permitted to attend tutorial classes unless
the full enrolment fee is paid.
Postgraduate completion
For help in deciding which mode of study
best suits your needs please contact your
local Governance Institute state office.
12
It should be noted that students have a maximum of

five years to complete all the required subjects for any
of the postgraduate courses.
Learning
resources
Subject materials
Online classroom for distance students
Comprehensive learning materials, comprising subject

notes and readings, have been developed by Governance
Institute and are regularly reviewed by our subject
advisory committees. The cost of these learning materials
is included in the enrolment fee. In addition, we have
negotiated with publishers substantial discounts on
all prescribed textbooks for our students. (See Subject
content for textbook details.)
The fully interactive online classroom provides additional

resources and a highly flexible means of communication
for students studying by distance mode. The online
classroom features:
Online learning support
direct email contact with your course director and with

other distance mode students.
Online learning centre

The online learning centre provides all students
with additional resources to use while studying with
Governance Institute. Access to the online learning centre
is included in your enrolment fee. It offers you:
all your subject notes online (in addition to the
hardcopy you receive)
the assignment question
access to a comprehensive online library service
module summary videos
an assessment guide to help you tackle your
assignment and exam
fortnightly webinar chat sessions with your course

director and fellow students
discussion about assessment preparation
discussion boards to post questions to your course
director and fellow students
Tutorial classes
Face-to-face tutorial classes are presented by a course
director with assistance in some topics from expert guest
presenters. Classes include:
course directors presentations and discussion of topics
guest presenters (if appropriate) for specific topics
or matters
class reviews and discussion of case studies and
topic problems
discussions about assessment preparation
opportunities to form study groups and student networks.
a sample exam paper and solution to help you prepare

for exams.
You can view a sample version of Governance Institutes
online learning centre by going to Governance Institute
website at governanceinstitute.com.au Education &
training Postgraduate courses, and selecting Try the
online learning centre in the left navigation box.
13
Learning resources
Workload guidelines
Tutorial mode
Each weekly tutorial session is two hours long. Subjects
run for a semester over 12weeks, with a one-week
midsemester break, or in block Saturday sessions. You
are also expected to devote a minimum of four hours a
week to private study.
Distance mode with online learning support

You should allot a minimum of six hours per week to private
study and participation in the online learning activities.
All students will also be expected to devote appropriate
time to assignment writing and exam preparation.
14
Please note: The online support program

for Financial and Management Accounting
and Corporate Financial Management
differs from the program for other subjects.
Due to the nature of the subject matter for
these two subjects, chat sessions will be
held monthly. Full support is provided to
students on a group and one-to-one basis
as required. In tutorial mode these two
subjects are presented exclusively by the
course director with no guest presenters.
Subject content
Alphabetical listing of postgraduate course subjects

This subject addresses the main strategic, governance,
operational and technical aspects of enterprise risk
management. It examines concepts introduced in
Governance Institutes subject Risk and Compliance with
a focus on the risk aspects.
Influences on decision-making
The psychology of risk-taking
How to shape an organisational risk culture
Roles of board and management
4 High reliability organisations

Characteristics of a high reliability organisation
1 Risk in context
Multiple defence-based systems
Risk and corporate governance
Challenges in the pursuit of being a high reliability

organisation
The role of uncertainty

Organisational risk categorisation
The impact of globalisation
2 Risk appetite and tolerance

Defining risk appetite and tolerance
Setting boundaries for risk-taking
Different risk appetites for different areas of the
business
How to quantify risk appetite and risk tolerance
Risk appetite and risk tolerance for emerging black
swan events
5 Risk financing and transfer

Insurance and risk management
Risk as contingent liability
Insurance and risk financing
Commercial risk allocation
Market-based risk transfer
Risk retention
High impact/low frequency events
Designing insurance programs
Pricing/assumptions for risk financing
Establishing a risk appetite statement at board level
Risk pooling and captives
What are regulators looking for when it comes to

risk appetite?
Reinsurance markets
Implementing the risk appetite
6 Building and protecting reputation

What is reputation?
3 Building a risk-aware culture
Reputational risk
What is a risk-aware culture and why is it important?
Reputation management
Hofstedes dimensions of national culture and

uncertainty avoidance
Building reputation
Protecting reputation
15
Subject content
7 Critical data and information management
11 Emerging issues in risk management
Data and data management
Interconnectivity of risk
Data integrity and security
Looking beyond the horizon
Information security risk management
Risk horizons: Emerging risks
Privacy and confidentiality
Black swan events
Technology, data management and reputation
Smaller or more localised risk trends
8 Advanced risk identification and analysis
12 How to run a risk management workshop
The risk assessment process
Objectives of risk management workshops
Risk assessment techniques

Advanced risk assessment techniques
Approach and methodology of risk management

workshops
Selecting risk assessment processes
Step 1 of the risk workshop: Stakeholder register

Step 2 of the risk workshop: Establish context
9 Advanced risk reporting and evaluation

Objectives of risk reporting and evaluation
Categorisation of risks
Project risks
Risk reporting data
The role of uncertainty in risk evaluation
Risk evaluation in large organisations
Advanced risk reporting
10 Strategic risk and governance

Strategic risk and survival
Upside and downside risk
Organisational survival
Case study: Kodak
Strategic risk and governance
16
Step 3 of the risk workshop: Select risk assessment

techniques
Risk assessment methods and techniques for risk
workshops
Mediums for delivering a risk management workshop
Workshop facilitator tips
Examination preparation and technique
Checklist
Textbook
The Standard AS/NZS ISO 3100:2009 Risk Management
Principles and Guidelines (from the SAI Global website
approx $120)
Subject content

This subject is the point of entry to the Graduate Diploma
of Applied Corporate Governance for students coming from
the private sector, and provides a detailed examination
of the Corporations Act 2001 as it applies to corporate
administration, compliance and governance. As this is the
threshold subject, the level of assumed knowledge is limited.
Right to call a members meeting

Minority shareholder remedies
7 Corporate fundraising
Debt and equity fundraising
Definitional issues
Requirements for paying dividends
Licensing and disclosure
1 Legislative framework
Secured finance and the PPSA
Legal framework of the corporate legislation
An overview of managed investment schemes
The company secretary in 2016

Consequences of breaching duties
8 Equity fundraising and market misconduct

Legal considerations for equity fundraising
2 The registration process and corporate

authority
Fundraising disclosure requirements
Classification of corporations
Market misconduct
The registration process
Liability for disclosure
9 Reporting and disclosure
3 The corporate constitution
Continuous disclosure
What is the role of the constitution?
Annual reports
The nature and content of the constitution
Extract of Particulars
The Replaceable Rules
Other reporting requirements
Particular company types

Common clauses in corporate constitutions
10 Dealing with ASIC
Interpreting the constitution
ASIC functions
Related contracts
ASIC enforcement policies
Alteration and enforcement of the corporate

constitution
ASIC information
4 Directors and officers duties Part 1
11 Reconstructions and external administration
Definition issues affecting officers
Schemes of arrangement
Fundamental duties of officers
Receivership
Duty of care, skill and diligence
Voluntary administration
Duty to avoid conflicts of interest and to act honestly
Winding up (liquidation)
5 Directors and officers duties Part 2
Review of operation of ASIC
Insolvent trading
Reconstructions and takeovers
Insolvent trading
Insider trading
12 Applying corporate theory to practice
Consequences of breaching duties
Wider responsibilities
Responsibility for enforcing breaches of duty
Consequences
Insurance and indemnities
Resources
6 Members rights and remedies
Code of conduct and ethics

Membership and shares

Corporate registers
17
Subject content
Textbook
Internet website applications and management
Thomson Reuters, Corporations Legislation 2016

(approx $70 with Governance Institute discount).
Data protection legislation
5 ASX and listing
This subject is designed for the corporate sector and

provides a highly practical review of key issues relating to
company secretarial practice and the rules of company
meetings and their application with particular reference to
ASX Listing Rules and governance principles. It also builds
upon the subject Applied Corporate Law or equivalent
university studies undertaken by law graduates.
1 Operating context and governance framework
Confidentiality
Overview of ASX
Listing on ASX
Prerequisites for admission to the official list
ASX Listed Securities
6 ASX market integrity and corporate

governance
Market integrity
Corporate governance
The company secretary
Mandatory requirements
The company secretary and regulators
Important ongoing requirements
ASIC
Other Listing Rules
The company secretary and the ATO

The company secretary and ASX
7 Membership and share capital
The company secretary and APRA
Types and function of shares
The company secretary and the ACCC
The issue and allotment of shares
The company secretary and other regulators
Register of members
Standards and guidelines
Transfer of shares
2 Role of the company secretary or governance

professional
Share capital issues
8 Principles of meetings and directors meetings
Board of directors
Framework of meetings
The company secretary as agent of the company
Members and directors meetings
The company constitution
Form of meetings
The duties of officers
The role and structure of company meetings

Meetings under the Corporations Act 2001
3 Records and reporting
Specific meeting requirements for listed companies
Books
The chair
Minutes
The company secretary
Financial reporting
Directors meetings
Audit
Convening directors meetings
Remuneration committee
Agenda
Company statement Extract of Particulars
Procedural issues
Execution of documents
Board committees
4 Managing knowledge and information
Disclosure of interests
Related party transactions
Intellectual property
Care and diligence and the business judgment rule
Information, data and technology as a corporate asset
Insolvency
Technological change and innovation
Directors meetings versus public sector meetings
18
Subject content
9 Convening general meetings
The balance sheet and financial management decisions
Annual general meetings
Alternative forms of business organisation
Convening general meetings
The goal of financial management
Proxies
Agency problems with control
Direct voting
The role of financial markets
10 Conducting annual general meetings and

other meetings
2 Financial statements Analysis and

interpretation
Motions and resolutions
Working with financial statements
Rules of debate
Cash flow and financial statements
Preparation for an AGM
Financial statements analysis
Quorum
Du Pont identity and other groupings
Adjournment of a general meeting
Using financial statements for planning growth
Voting
Financial planning models and per cent of sales

forecasting
General and statutory validation of irregularities

Class meetings
Meetings under external administration
Meetings Managed investment schemes
11 Simulated general and directors meetings

Case study
12 Review and exam preparation

Preview
Learning outcomes
Textbook
Horsleys Meetings and Procedure, Law and Practice,
7th ed, (LexisNexis, approx. $125 with Governance
Institute discount).
Limitations in using financial statements to assess

past or future performance
3 Financial maths The basic tool of finance

The aim of financial mathematics
Single cash flows
future value and compounding
present value and discounting
Determining the discount rate or period taken to get a
required investment yield
Present and future values of multiple cash flows
Valuing equal cash flows Annuities and perpetuities
Comparing rates The effect of compounding periods
4 Principles of valuation Shares and bonds

General principles of valuation
Valuing bonds and shares
Corporate Financial
Management
Estimating bond yields, dividend and capital gain yields
This subject is designed to enable non-business graduates

to become knowledgeable and competent in corporate
financial principles, and in understanding the impact of the
fiscal environment on companies and other entities and on
their decision-making.
Investing and the capital budgeting process
1 Financial management The essence of

business survival
5 Investing in capital projects (capital budgeting)

Types of investment projects
Net present value
Internal rate of return
Present value index
Payback period and discounted payback period
Accounting return on investment
Financial management and financial management

decisions
19
Subject content
6 Competitive advantage
11 Treasury decisions
Investing and strategic planning
An overview of the treasury function
Competitive advantage and other strategic tools
Judgment The key for sound treasury policies
Guiding principles for cash flow estimation
Treasury risk measures
Common capital budgeting errors
Derivatives and other tools of the treasury trade
Quantitative and qualitative risk management tools
12 The global marketplace

7 Risk and capital budgeting
International financial management
Investors attitudes to risk
Foreign exchange markets
Measuring historical risk with standard deviation
Drivers of foreign exchange uncertainty
Estimating future risk with standard deviation
Issues in international capital budgeting
Volatility and capital market efficiency
Other current global market issues
Causes of share price variation

Risk and return on a portfolio investment
Textbook
Risk-adjusted hurdle rates for capital budgeting
Ross et al, Fundamentals of Corporate Finance (Irwin

McGraw-Hill, 6th Australian ed, approx $110) with
Governance Institute discount).
8 Financing the business

Financing and the financial system
The debt/equity financing pattern
Short- or long-term financing
Sources of debt, equity and hybrid financing
Methods for raising debt, equity or hybrid finance
Mechanisms to expedite raising finance
Leasing as a debt financing equivalent
Distinguishing financial and operating leases
9 Capital structure More or less debt
This subject ties together the full range of legal, managerial
and ethical issues which affect corporate governance best
practice. It identifies the best practice principles which
students can apply in their own corporate or governmental
situations. It builds upon the knowledge of the law and
its practical application gained from Applied Corporate
Law OR Public Law and Government and Corporate
Accountability: Meetings and Disclosure OR Public Sector
Accountability and Transparency.
Advantages and disadvantages of debt financing

Fixed costs A driver of operating and financing risk
1 Elements of corporate governance
Linking leverage to required returns with the SML and

with the WACC
Definitions of corporate governance
Capital structure theories How they help

Professional lenders How they assess credit risk
Transaction costs and lumpy fundraising
Practical issues in financing
10 Business restructuring
Types of and motives for mergers and acquisitions
Possible merger mechanisms
Calculating the benefits and costs of mergers
Defensive measures conflicts of interest
Key elements of corporate governance

The Corporations Act and corporate governance
Regulatory regime
Corporate Governance Disclosure Listing Rule
Corporate governance guidelines
2 Role and function of boards

Corporate governance and the role of the board
The legal context
Board functions
Divestments Leveraged buyouts (LBOs) versus

conglomerates
The boards role in formulating strategy
Bankruptcy Involuntary reorganisation
The boards role in understanding and mitigating risk
20
Different types of boards
Subject content
3 Board performance assessment

Board performance assessment
Do companies review the performance of their
boards?
Why review board performance?
How can board performance be assessed?
What are the key areas that the board should
consider when assessing its own performance?
Measuring board performance
Individual director assessment
Guidelines covering board reviews
4 Composition of the board

Board composition
Guidelines and evidence concerning composition of
the board
Board diversity
Why do institutional shareholders take an interest in

governance?
Examples of institutional involvement
Institutional codes of practice
Exercise of shareholders rights
Future of the AGM
7 Ethics and governance

Ethics versus regulation
Why ethics?
The ethics value add
Law and ethics
Resolving corporate questions from an ethical
perspective
Step #1 Identify the stakeholders affected by the
relevant question
Evidence concerning composition of the board
Step #2 Identify the values held by those

stakeholders
What is the rationale for the appointment of nonexecutive directors?
Step #3 Prioritising and balancing the values in play
What do non-executive directors need to fulfil their

role?
What factors limit the effectiveness of the
contributions of non-executive directors?
Evidence about the effectiveness of boards
composed of non-executive or independent
directors
Separation of chair and CEO
What is the rationale for separating the roles of chair
and CEO?
Do companies actually separate the roles of chair
and CEO?
Risk
Example of resolving corporate dilemmas in an

ethical framework
Ethics and corporate governance
Some particular ethical issues for governance
8 Corporate social responsibility

Definition and overview
Stakeholders
Factors shaping CSR programs
CSR programs
CSR contexts
Sustainability and environment
Delivering socially responsive goods and services
5 Board structures
Global and local choices: shareholder and

community value
What is the role of the chair?
Conclusion
Committees of the board

The nomination committee
The audit committee
Other committees
6 Shareholder influence and rights

The growing influence of shareholders
The dynamics of Australias institutional investors
9 Director and executive remuneration

Regulation of remuneration practices
Corporations Act, ASX Listing Rules and ASX
Corporate Governance Councils Corporate
Governance Principles and Recommendations
requirements
Other guidelines
21
Subject content
Remuneration considerations
What information must be disclosed about director
and executive remuneration in Australia?
2 Financial accounting reports for decisionmaking

The Balance Sheet:
The role of remuneration committees
items included classification and valuation
Why is remuneration an important corporate

governance issue?
effect of different forms of ownership
Current issues in remuneration
10 International models of corporate governance

US Sarbanes-Oxley Act
The effect of the Global Financial Crisis on US corporate
governance
UK-corporate governance
Comparative corporate governance
A classification of corporate governance systems
Convergence or divergence?
Characteristics of the Australian corporate governance
model
Country case studies
11 Sector models of corporate governance

Governance in the not-for-profit sector
Governance in government-owned enterprises
Governance in the government sector
Conclusion
12 Review and exam preparation

Case study
The Income Statement:

different formats for different business sectors
gross profit and net profit
classification of expenses
3 The double-entry recording process as the

basis for preparing financial reports
Recording transactions according to the rules of debit
and credit
The need for balance day adjustments and their impact
on the financial reports
4 The statement of cash flows

Preparation and general format of cash flow statements
5 Analysis and interpretation of financial

statements
Percentage analysis:
horizontal analysis
trend analysis
vertical analysis
Ratio analysis:
Reflection
profitability ratios
Revision
liquidity ratios
Financial and Management

Accounting
This subject focuses on the level of accounting required
by non-business graduates. It provides a solid foundation
in accounting principles and practice in which profitable
results are achieved and how to interpret and analyse
these results.
asset management ratios

financial stability ratios
market performance and share performance
measures
6 Audit and external review

The role of the auditor
Fair presentation of financial statements
Legal responsibility
1 Introduction to accounting Its nature and

purpose
Going-concern assumption
Accounting concepts, principles, assumptions and

standards in Australia
7 Introduction to management accounting
The end products of the accounting process
The difference between financial accounting and

management accounting
Cost concepts, cost objects and cost behaviour
22
Subject content
8 Cost allocation and cost accounting systems
Enabling legislation and delegated legislation
The problems of overhead allocation in determining

unit cost
Key administrative law cases
Conventional volume-based methods versus activitybased methods

Job costing
Good governance and good administrative decisionmaking

Administrative Review Council Legal and government
framework for administrative decisions
9 Understanding cost-volume-profit
relationships
2 Federal administration arrangement
Calculating break-even point in units or dollars
Federalstate relations
Various applications of cost-volume-profit relationships
Local government
10 Relevant costs for decision-making
3 Government entities and enterprises
Principles of identifying relevant costs
The executive arm of government
Various applications of relevant costing
Types of government entities
Commonwealth and state tiers of government
Governance and accountability
11 Strategic and business planning
Current issues and developments
The principles of strategic management and the

formulation of strategies
4 Corporatisation of government
Converting corporate strategies into operating budgets
Objectives of corporations law

Important cases
12 Measurement of performance
Applying the Corporations Act 2001 to the public sector
Performance evaluation in a responsibility accounting

system
Registration and governance under the Corporations

Act 2001
Levels and types of performance measures
Directors duties
Financial versus non-financial performance measures
Changes under the PGPA Act 2013

Directors and officers duties in the public sector
Textbook
Hoggett, Edwards and Medlin, Accounting (Wiley, 8th ed
approx. $130 with Governance Institute discount).

This subject is the point of entry to the Graduate Diploma
of Applied Corporate Governance for students coming
from the public sector. It examines the legislative,
constitutional and government framework that is the
basis of our system of government. This subject attempts
to address state issues but is primarily focused on the
federal level of government. It includes an overview of the
Corporations Act.
5 Public-private partnerships
The PPP model
Ministerial responsibility Who speaks for the
partnership?
Liability under Commonwealth laws
Evaluation Long-term implications for government
assets and/or control
6 Relationship between public servants and

elected officials
Law and the public servants role
Working with Ministers and their advisers
Parliamentary hearings
1 Legislative framework
Ethics in the public sector
Constitutional legal and government framework

Principles of administrative law
Checklist for application of administrative law
procedures
23
Subject content
7 Intergovernmental arrangements
Subsidiarity Federalism versus regionalism
Referral of powers from the states and territories to the
Commonwealth
Impact of administrative law on business and

government agencies
Challenges for the ombudsman
Comprehensive freedom of information reforms
Council of Australian Governments (COAG)
Reforms related to privacy and personal information
Intergovernmental Agreement on Mutual Recognition
Trends in judicial review
Other intergovernmental arrangements
Public Sector Accountability

and Transparency
8 Merits review and management of information

Non-judicial review remedies
The ombudsman
Freedom of information
Protection of privacy and personal information
Parliamentary access to documents
Management of public records
This subject is designed for the public sector. It aims to

provide an understanding of issues in relation to the role,
functions, operations and performance of public sector
organisations. It examines underlying concepts and
identifies best practice principles.
Administrative Review Council
1 Operational context
Australian Law Reform Commission
Who is accountable?
To whom is one accountable?
9 Judicial review of administrative action
What should be transparent?
The nature of judicial review
Control and public trust
Avenues of judicial review

The process of judicial review
2 Governance frameworks and principles Part 1
Administrative Decisions (Judicial Review) Act 1977
Governance in Australian Government
Current issues in judicial review
OECD governance framework

An integrated global approach to governance
10 Managing misconduct in the public sector
Governance standards
Types of misconduct
Comparing private and public sector governance
Reporting suspected misconduct
Commitment to compliance
Formulating and reviewing decisions about misconduct

Performance management
3 Governance frameworks and principles Part 2

The importance of effective public sector governance
11 Managing governments legal business
Achieving effective governance in the public sector
Attorneys-General and the Westminster parliamentary

system
Governance practice and performance Key research

findings
Commissions of inquiry
Performance based frameworks
Standing commissions
Directorship for performance and compliance
Auditors-General and the Westminster parliamentary

system
Evaluating performance
The role of the Auditor-General
Evaluation frameworks and tools
Audits conducted by Auditors-General
Conclusions on governance standards
Focusing on outcomes
Recent developments
4 Governance and policy development

12 Applying administrative law
The Australian Constitution
Issues in parliamentary democracy
Setting government direction
Trends in law reform
Public sector management reform
24
Subject content
5 Public sector boards
8 Records and reporting Part 1
Types of public sector entities
Records
Public versus private sector boards
Financial reporting
Board models
Audit
Separation of powers and role clarity
Independent expert report
Appointment of board members

Statutory duties of directors
9 Records and reporting Part 2
Board committees
Purpose of performance reports
Uhrig Review
Private versus public sector reports

Types of public sector reports
6 Managing knowledge and information
Characteristics of a good public sector performance report
Information, data and technology as a public asset
Government business enterprises and companies
Technological change and innovation
Future directions
Internet website applications and management

Data protection and freedom of information legislation
10 Stakeholders and interested parties
Confidentiality
Who are the stakeholders?
Sources of information on law, regulation and

administrative best practice
Internal stakeholders
Intellectual property
The private sector
7 Public sector hearings and meetings

Directors meetings versus public sector meetings
11 Auditor-General and other public sector

accountability mechanisms
Parliamentary government
The role of accountability
Parliamentary committees
Parliamentary accountability mechanisms
Agenda
Government accountability mechanisms
Procedural issues
Oversight institutions
External stakeholders
Freedom of information legislation

Accountability in Australias federal system
25
Subject content
12 Transparency and conflicting interests
4 Reputation risk
Transparency
Reputation: Source or outcome?
Conflicts of interest
Key drivers of reputation risk
Revision/exam preparation
Reputation risk case studies
Risk and Compliance

This subject ties together the fundamental frameworks
of risk and compliance. It provides a practical foundation
of approaches to both risk management and compliance.
It highlights legal requirements in terms of privacy, trade
practices and equal opportunity, health and safety.
1 Risk management framework
Tools to manage reputation risk
5 Competition and Consumer Act compliance

Competition and consumer protection framework
The Competition and Consumer Act 2010
Structure of the Competition and Consumer Act 2010
ACCCs investigatory and enforcement powers
Competition and consumer compliance management
ACCCs template compliance program
Risk management framework

Developing a risk culture
6 Privacy compliance
Privacy in Australia
Introduction to tools and techniques
Australian Privacy Principles
Enterprise-wide risk management
Privacy compliance
Audit and risk management
Privacy breaches
Risk management reporting
Privacy and outsourcing
Insurance
Privacy complaints
Types of insurance
Powers of the Australian Information Commissioner
Alternative risk transfer arrangements
7 Project risk
2 Compliance frameworks
Why govern projects?
Regulatory requirements for compliance
Key project concepts
Compliance standards and guidelines
Best practice project governance
Key elements of an effective compliance framework
Issues and developments
Enterprise-wide compliance management

Implementation
8 Environmental risk
Compliance risk assessment
Social and economic drivers of environmental risk
Disclosure and reporting obligations
Principles of environmental risk management
Tools and techniques
Environmental risk management in practice
Responsibilities of the board and management
Current issues and developments
3 Business continuity management
Case studies
Implementing business continuity management
9 Employment law
Developing a business continuity plan
Employment law and regulation
Risk identification
The employment contract
Business impact analysis

Business continuity plan reporting
Dealing with business interruption
Insurance and business continuity management
26
Subject content
10 Work environment Equal opportunity, health

and safety
Equal opportunity in employment
Bullying
Work health and safety
Workers compensation
11 Superannuation The regulatory framework

Superannuation funds
Prudential regulation
Regulation of superannuation investments and other
matters
Employer issues
Key cases
Converting gathered complexity data into business

complexity information
Resilience and complexity risk
Kaizen and the complexity risk review process
3 Change risk
Change risk in the risk management framework
Identifying change risks
Risk culture
Additional tools and techniques
Audit and change risk
4 Safety risk
Safety risk and safety risk management
12 Case study and subject review

Case study: ABC Energy
Reflection
Revision

This subject provides a practical focus on the sources
of risk most commonly encountered by organisations. It
looks at the practical skills and understanding required to
make sense of risk areas typically managed by specialist
practitioners. It provides the practical foundations needed
to undertake the final subject, Risk Management Project.
Harmonisation of work health and safety (WHS)

legislation
Safety governance
WHS legislation and regulators
5 Environmental risk
Operational environment and stakeholders
Key elements of an EMS framework
Environmental risk management tools and techniques
Incident management, reporting and process
improvement
1 The risk practitioner
6 People risk
Risk management as a discipline
What is meant by people risk?
Required skills and attributes of the risk practitioner
Types of people risks
Risk terminology used in the industry
Regulation of people in an employment relationship
The critical thinking risk practitioner
People risk: Relationship to organisational culture
Philosophy of practice as a risk practitioner
Human resource management
Understanding risk intent before implementation

Using models, case studies and scenarios
7 Asset risk
What are assets?
2 Complexity and risk
What is asset risk?
Complexity science
Operating, maintaining, upgrading and disposing of

assets
Leadership and the role of the risk manager in

managing complexity
Commonly occurring asset risks
What do other sciences teach us about risk

management and complexity?
Managing asset risk
Gathering information about the complexity

environment
Case study: Auckland CBD power supply failure
Relationship with other types of risk
27
Subject content
8 Security risk
11 Assurance and maturity
Types of security risks
The nature and purpose of assurance
Security risk in a physical and information context
Key drivers for effective assurance and understanding

maturity
Security risk management in the context of AS/NZS

ISO 31000:2009 and other Standards
Assurance providers roles
Emerging trends and current issues in security risk

management
Three lines of defence
9 Financial risk
Risk overview
Evaluating performance of the risk management

framework
Types of financial risks
Evaluation of risk management by credit rating agencies
Impact of financial risks

Managing financial risks
HB 1582010: Delivery assurance based on AS/NZS

ISO 31000:2009
12 Risk from an enterprise-wide perspective
Role of the regulators
What is enterprise risk management?
Global issues and trends in financial risk management
Key features of enterprise risk management

Writing an enterprise risk management policy
10 Regulators and risk management

Modern regulatory practice
Identifying regulatory stakeholders
Traditional approaches to regulatory practice
Current approaches to regulatory practice
Operating in a regulatory environment
Reviewing an organisations enterprise-wide risk

management infrastructure
Assessing organisational risk information
Enterprise-wide decision-making
Issues and trends in enterprise risk management
Regulatory risk within the AS/NZS ISO 31000:2009 risk

management process
Pilot testing regulatory change
This project-based subject allows students to apply the

knowledge, skills and tools they have acquired from other
subjects in the course, as they will be required to produce
a 5,000 word risk report based on risk management
processes in their own workplace, or another organisation
of their choice. Online support and guidance will be
provided to students throughout the semester.
Measuring regulatory effectiveness and efficiency

The future of regulation and regulators
Sources of information about regulatory practice in
Australia and overseas
My decision to enrol in Governance Institutes

Graduate Diploma of Applied Corporate
Governance has contributed greatly in my
career development. My company has a
clear focus on good governance practice,
transparency and risk management. It
recognises the value of having people with
28
governance expertise in senior roles. I would

wholeheartedly recommend it to anyone
considering a role that requires specialised
knowledge and skills in governance and risk
management.
Michael Scott FGIA, General Manager, Secretariat & Shareholder
Relations, Tabcorp
Eligibility and
exemptions
Entry into the Graduate Certificate of Applied
Risk Management is available to those who hold a
university degree or degree equivalent qualification
satisfying Governance Institutes entry requirements,
or five years senior risk management experience. An
academic transcript issued by your university or other
educational body or a curriculum vitae with relevant
position description and/or letter from employer must
be produced.
The four subjects in the Graduate Certificate must be
successfully completed (either by study or exemption) in
order to be conferred the Graduate Certificate of Applied
Risk Management.
A maximum of one subject exemption is available and is
based on either demonstrated prior study. You may be
asked to provide further evidence of subject content or
work experience.
I studied the Graduate Diploma as a means

of moving from private legal practice into a
corporate environment where I can use both
my company secretarial and legal knowledge
in a role that enables me to apply what I
have learnt.
Michael Kent FGIA
Graduate Diploma of Applied

Risk Management and
Entry into the Graduate Diploma of Applied Risk
Management and Corporate Governance is available to
those who hold a university degree or degree equivalent
qualification satisfying Governance Institutes entry
requirements. An academic transcript issued by your
university or other educational body must be produced.
Those students who enter the Graduate Certificate
of Applied Risk Management through the non-degree
pathway can articulate into the Graduate Diploma of
Applied Risk Management and Corporate Governance
provided they achieve a credit average in the four
Graduate Certificate subjects.
All six subjects must be completed (either by study or
exemption) in order to be conferred the Graduate Diploma
of Applied Risk Management and Corporate Governance.
Graduate Diploma of Applied

Entry into the Graduate Diploma of Applied Corporate
Governance is available to those who hold a university
degree or degree-equivalent qualification satisfying
Governance Institutes entry requirements. An academic
transcript issued by your university or other educational
body must be produced.
From the choice of eight subjects in the Graduate Diploma,
students are required to successfully complete (either by
study or exemption) six subjects in order to be conferred
the Graduate Diploma of Applied Corporate Governance.
29
A maximum of two subject exemptions are available.

These exemptions are only granted on the basis of
demonstrated equivalent prior studies. You may be
asked to provide further evidence of subject content or
relevant work experience.
The normal pattern for the exemptions available and
the subjects you need to complete to be awarded
the Graduate Diploma relate to the nature of your
prior studies. Further detail will be required if your
degree is more than ten years old. For example proof
of membership of any relevant professional body or
evidence of CPD activities.
Business graduates (majoring in Accounting

and/or Finance)
Possible subject exemptions:
Corporate Financial Management.
If exemptions are granted, you must successfully
complete:
Applied Corporate Law or Public Law and Government
Corporate Accountability: Meetings and Disclosure or
Public Sector Accountability and Transparency
Graduates in both business (majoring in

Accounting and/or Finance) and Law
If exemptions are granted, you must select either of the
following two options.
OPTION 1
Subject exemptions:
You must successfully complete:
Applied Corporate Law or Public Law and
Government
Corporate Accountability Meetings and Disclosure
or Public Sector Accountability and Transparency
Risk and Compliance
OPTION 2
Subject exemptions:
Applied Corporate Law or Public Law and
Government
Risk and Compliance.
Law graduates
Corporate Accountability Meetings and Disclosure

or Public Sector Accountability and Transparency
Possible subject exemptions:
Risk and Compliance
Financial and Management Accounting.*
If exemptions are granted, you must successfully

complete:
Corporate Accountability Meetings and Disclosure or
Risk and Compliance
* An exemption from this subject may be granted. However,
if you have not had exposure to accounting principles we
recommend you study the Financial and Management
Accounting subject before moving onto the Corporate Financial
Management subject.
30
Graduates with other degrees

No subject exemptions are available.
Corporate Accountability: Meetings and Disclosure or
Risk and Compliance
The following points should be noted.
Subjects are listed above in the recommended (but
not prescribed) study sequence
evidence of currency, for example evidence of

current membership to CPA or CA ANZ or your
practising certificate
a certified official translation of any relevant document
that is not in English
your current rsum or evidence of current
membership of relevant professional bodies if
exemption requests are based on undergraduate
study.
evidence of work experience/position description/
letter from employer if you are seeking to
enter the Graduate Certificate via the non degree
holder pathway.
The above paperwork should be forwarded with the
education enrolment form.
Your entry qualification may be either an

undergraduate or postgraduate degree
Please note, a document may be certified by an

accountant, lawyer or JP.
A business degree includes a BBus, BCom, BEc, BMan,

MBA, MCom, MMan, MProfAcc or similar
Contact your Governance Institute state office if you

have any questions about the documentation you need
to supply, or to discuss your situation. State office details
are shown on the last page of this handbook.
A law degree includes an LLB, LLM, DipLaw

(NSWLPAB) or similar
A degree-equivalent qualification may be a
membership qualification for some related
professional associations
For exemption purposes, you may be asked for further
evidence of equivalent prior studies
For overseas degrees, you may be asked to provide
subject outlines.
Applications
To make application for entry into Governance Institutes
higher education programs, you must supply:
a certified copy of the official academic transcript for
your degree with the official explanation of grading
system used at that institute (normally detailed on the
back of the academic transcript)
a certified copy of your testamur (degree certificate) if
your academic transcript does not have a conferral or
award date on it
evidence of name change if your current name is
different in anyway from the name as it appears on
your academic transcript
31
Assessment
There are two compulsory assessment components for all subjects as follows.
Assessment component
Percentage of
overall mark
Details
Assignment
30%
A practice-related written assignment of 3,000 words

maximum. The assignment question is made available at the
start of semester via the online learning centre and may cover
any content from the first six modules of the materials.
Examination
70%
Financial Management and Accounting and Corporate

Financial Management: one closed-book examination of
three hours per subject plus 15 minutes reading time. Only
calculators will be allowed in the examination room.
Please note: this is not a memory test. Tables of formulas
will be provided with the examination papers.
For each other subject: one open-book examination of
three hours plus 15 minutes reading time.
The examination questions may cover any content of
the 12 modules and key readings from the subject materials.
The subject listed below will have a project-based assessment.

Assessment component
Percentage of
overall mark
Details
Project brief
25%
A brief of the students risk management report of 500 words

maximum.
Risk report
75%
A risk management report of 5,000 words maximum.
Students must attain a minimum aggregated mark of 50

per cent for their total assessment requirements and an
exam mark that is not less than 40 per cent in order to
pass each subject.
For non-award students, assessment is optional. However, if
you wish to move to membership or later wish to complete a
postgraduate course, assessment is mandatory.
32
Please note: Both assessment components for each

subject are compulsory pieces of assessment. In order to
pass the subject, you must provide written submissions,
which, in the opinion of the National Director, Education &
Training, demonstrate a genuine attempt to successfully
complete the relevant components.
Assessment
Assessment dates
Examination venues
Assignment submission dates for 2016 are:
Examination venues are located in Sydney, Melbourne,

Brisbane, Perth and Adelaide.
Semester 1 Tuesday, 3 May 2016

Semester 2 Tuesday, 4 October 2016.
Examination dates for 2016 are:
Semester 1 week commencing Monday,
13 June 2016
Semester 2 week commencing Monday,
14 November 2016.
The main examination for all states will be on Tuesday of
the examination week. Examinations held on this day are
primarily held in the evening.
Students sitting more than one examination will have
arrangements made to sit the additional paper on another
day within the examination week.
For Risk Management Project, please refer to the
semester timetable.
On request, Governance Institute will make arrangements

for students outside these capital cities to sit exams at a
local university or TAFE. These candidates will be required to
pay that institutions examination supervision fee directly.
Results
Semester results will be released approximately five weeks
after the examination week and will be accessible on your
academic record via Governance Institutes website.
Students will be notified by email when results
are available.
Prizes
Prizes for academic excellence are awarded each
semester in most subjects at both a national and state
level and are recognised at graduation and awards events
held in each state. A list of prize winners is published in
Governance Institutes professional journal.
33
Enrolment
and general
information
Eligibility for entry into the
postgraduate courses
Recommended enrolment
dates
To be admitted into the Graduate Certificate of Applied

Risk Management you must hold a university degree or
degree equivalent qualification satisfying Governance
Institutes entry requirements, or have five years senior
risk management experience (see p 29).
Governance Institute starts dispatching course notes to

all enrolled students approximately three weeks before
the start of each semester. However, you may prefer to
enrol earlier so you can start familiarising yourself with
the materials that are available online. Early enrolment in
tutorial classes is recommended as places in each state
and subject are limited.
To be admitted to the Graduate Diploma of Applied Risk

Management and Corporate Governance you must hold a
university degree or degree-equivalent qualification which
meets the entry requirements of Governance Institute or
have attained a credit average pass in the subjects of the
Graduate Certificate (see p 29).
To be admitted to the Graduate Diploma of Applied
Corporate Governance you must hold a university degree
or degree-equivalent qualification which meets the entry
requirements of Governance Institute (see pp 3031).
There are no prerequisites for non-award enrolments.
Semester start dates

Tutorial and distance modes:
Semester 1 7 March 2016
Semester 2 8 August 2016.
E education@governanceinstitute.com.au
T 1800 251 849 or (02) 9223 5744
F (02) 9232 7174
34
Applications and enrolments

To be admitted to the postgraduate course and/or enrol
in any of the subjects listed in this Handbook, please
complete the tear-off Application and Enrolment Form at
the back and send it to us with your payment.
If you wish to be admitted to the postgraduate course,
please include a certified official academic transcript, issued
by your university or equivalent educational body, confirming
the award of your degree or degree-equivalent qualification
and the conferral date, and listing the individual subjects you
completed together with your results.
If you are applying for entry to the Graduate Certificate
via the non-degree pathway you will need to include your
current curriculum vitae, position description and a letter
from your employer.
If you are enrolling as a non-award student only and do
not wish to be admitted to the postgraduate course, you
are not required to submit any supporting documentation,
unless you subsequently change your mind about
completing a postgraduate course.
Enrolment and general information
Governance Institute draws to your attention the

academic misconduct and student appeal procedures
and other policies that appear on Governance Institutes
website, governanceinstitute.com.au
Education & Training Postgraduate courses. All
postgraduate enrolments are subject to these policies.
Non-members $2,140 per subject
Despite corporate governance having

origins in the private sector, it might seem
odd to think that public sector organisations
are relative newcomers to some of the
more sophisticated corporate governance
arrangements. As such, I wanted a course that
addressed the issues my sector faced while at
the same time covered issues common to both
the private and public sectors.
Subscribers
$2,040 per subject
Stephen Phillips FGIA
Members
$1,890 per subject
Subject fees
Enrolment fees are the same for both modes of study:
If you are enrolling for the first time, we strongly

recommend that you take up Governance Institutes
subscriber package. For $255 (GST-free) per annum,
subscribers receive a range of benefits that will assist
in your postgraduate studies. First, you save $100 per
subject off Graduate Diploma enrolment fees. You also
receive Governance Institutes monthly professional
journal, giving you access to the latest governance
and risk management thinking, along with discounted
invitations to all our professional development events
and activities. For full information on subscriber benefits,
please refer to governanceinstitute.com.au/subscriber.
On ticking the subscriber option box on your enrolment
form, you will immediately qualify for the subscriber
discounted subject enrolment fee.
Policies
Please go to Governance Institute website at
governanceinstitute.com.au Education & Training
Postgraduate courses Education policy to view all
policies relating to the processes, rules and guidelines for
the postgraduate courses:
Academic misconduct guidelines
English language proficiency policy
Postgraduate admissions policy
Postgraduate exemptions policy
Postgraduate five-year completion policy
Refund policy
Subject completion policy
Student at risk policy
Withdrawals and refunds

Notice of withdrawal must be given in writing to the
National Education Manager within ten business days
of the despatch of subject materials by Governance
Institute. All fees (less an administration charge) will be
refunded on return of materials provided.
Refunds will not be granted after this period other than
in exceptional circumstances and at the discretion of
Governance Institute. Please refer to
governanceinstitute.com.au Education & Training
Postgraduate courses for the withdrawals and
refund policy.
Assessment appeals guidelines

Assignment rules and procedures
Examination rules and procedures.
How to enrol
Please send your completed enrolment form and academic
transcript to:
National Education Manager
Governance Institute of Australia
GPO Box 1594, Sydney NSW 2001
Alternatively, you can enrol on Governance Institute
website: governanceinstitute.com.au Education &
Training Postgraduate courses or fax your enrolment
form to (02) 9232 7174.
Contact Governance Institute in your state if

you have any questions about how to enrol
in the postgraduate courses.
35
Frequently
asked
questions
Q. What are the requirements for admission
to the postgraduate courses?
A. To be admitted to the postgraduate courses you must
hold a university degree or degree-equivalent qualification
which meets the entry requirements of the Governance
Institute. There are no prerequisites for non-award
enrolments. If you are applying for entry into the Graduate
Certificate via the non-degree pathway, evidence of fiveyear senior risk management experience is required.
Q. How will I be assessed?

A. Each subject consists of an assignment and exam
component. Refer to p 32 for details.
If you enrol as a non-award student the assessment
is optional, although if you later wish to convert to the
postgraduate courses, assessment is mandatory.
Q. How difficult are the exams?
A. The recommended order of study is the order in which

the subjects are listed on pp 24 of this handbook.
A. They are postgraduate examinations with an emphasis

on the candidates ability to critically analyse and apply the
knowledge in a practical context. The failure rate is usually
less than five per cent of candidates sitting.
If your aim is to complete a postgraduate course you may

be eligible for exemptions based on your prior studies.
Refer to pp 2931 for details.
Q. How do I find out if my degree meets the

requirements of Governance Institute?
Q. Which subject should I do first?
For more specific advice in relation to your enrolment,

contact your local Governance Institute course adviser.
36
A. We can advise you over the phone or via email, as to

whether or not your degree will meet Governance Institute
entry requirements. To confirm your eligibility we will need
a certified copy of your academic transcript from your
university, listing the subjects you completed and your
results. This should be sent to the National Education
Manager. Refer to pp 2931 for details
Q. Who recognises the quality of the program and the

postgraduate courses?
Q. If I fail a subject can I re-sit at a later date? What

are the charges?
A. The Tertiary Education Quality and Standards Agency

(TEQSA) has registered Governance Institute as a higher
education institution and accredited us to award the
postgraduate courses. This means that our program is
acknowledged as of high quality and at an appropriate
postgraduate level.
A. Where a student fails an exam, they are able to re-sit

the exam in the following semester by paying a re-sit fee.
Where a student fails an assignment, they are able to
submit the following semesters assignment by paying the
assignment re-sit fee.
Q. What should I do if I anticipate problems finishing

any subject in the normal one-semester time frame?
A. All subjects studied may be extended once to the next
consecutive semester for a fee of $300 with updated
materials supplied online. Full online learning support
will be available during the second semester for both
distance and tutorial students. No further extensions are
permitted. Please refer to the Subject Completion Policy
on Governance Institutes website.
Please refer to the subject completion policy.
Q. What are the requirements for membership

of Governance Institute?
A. Associate or Fellow membership of Governance Institute
is obtained by completion of the postgraduate courses
together with relevant work experience. Visit Governance
Institutes website to find out more about becoming a
Chartered Secretary.
T 1800 251 849 or (02) 9223 5744
F (02) 9232 7174
37
Application and enrolment form
Postgraduate courses
Personal contact details
Mr/Mrs/Ms/other
Full name
Preferred name
Date of birth
Address
City
State
Postcode
Phone ()
Fax ()
Email
Mobile
Country
Business contact details

Job title
Business name
Work address
City
State
Postcode
Phone ()
Fax ()
Email
Mobile
Preferred email address
Work
Home
Preferred mailing address
Country
Work
Home
Formal education qualifications (not required if previously supplied)

Name of institution
Course
Major (if applicable)
Name of institution
Year completed
Course
Major (if applicable)
Year completed
Relevant work experience (for Graduate Certificate entry only)

Position held
Time in position
Name of employer
Professional qualifications
Professional association memberships: (please list)
New students application and enrolment

Student declaration
Student declaration
I apply for:
entry to the Graduate Certificate of Applied Risk Management OR
entry to the Graduate Diploma of Applied Risk Management and
Corporate Governance OR
entry to the Graduate Diploma of Applied Corporate Governance OR
enrolment into subjects as a non-award student*
I declare that all information provided by me in relation to this
application is true and correct.
Supporting documentation
If applying for entry into a postgraduate course, please ensure
you have enclosed:
certified transcripts from previous studies
copy of degree certificate if conferral date not shown on
academic transcript
evidence of currency, for example CPA membership or
practising certificate
name change documentation if applicable.
certified official translation of any relevant document that is
not in English
evidence of work experience if you are seeking to enter the
Graduate Certificate via the non-degree holder pathway
I acknowledge that I have read, understood and will abide by

Governance Institutes policies as detailed in this handbook
and located at www.governanceinstitute.com.au
Education policy
For details on entry requirements please refer to pp 2931 in this handbook.
Signed
Date
Please note you may be asked to provide further evidence of subject content.
* Electing to enrol as a non-award student does not preclude you from applying for entry to any postgraduate courses in future. At such time as you are accepted into a
postgraduate course program, any individual subjects you have successfully completed will be credited toward the relevant postgraduate course (conditions apply).
Continuing students program confirmation
Payment details (per subject)
Student declaration
I acknowledge that I have read Governance Institutes
policies (as outlined in the 2016 Handbook) located at
governanceinstitute.com.au Education & training
Postgraduate courses Education policy. I agree that I will
abide by the Governance Institutes policies and procedures.
Fees
Non-member $2,140
Signed
Subscriber
$2,040
Member
$1,890
Add-on value
A
dd a 12-month subscriber package $255 (get the
subscriber subject fee immediately)
Date
I wish to pay a total of $

by cheque,
made payable to Governance Institute of Australia Ltd, or debit
mycredit card as follows:
Enrolment all students

I apply to enrol in:
Semester 1, 2016 or
MasterCard
Semester 2, 2016
Visa
Cardholders name
Mode of study*
Subject
Tutorial
Weekly
Saturday
Card no
Distance
Expiry date
Signature of cardholder
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Governance Institute of Australia Ltd collects personal
information about you so that we can provide you with the
services you have requested. We may also use your information
to manage professional conduct issues, improve our products
and services and offer you our or our sponsors, partners or
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regard to promotional material, please indicate below.

Corporate Financial
Management
Financial and Management
Accounting
I do not want to receive communication in any format from

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or suppliers, or
Public Sector Accountability

and Transparency
I do not want to receive communication in any format from

Governance Institute about its own publications, information
and events.
Risk and Compliance
Governance Institute of Australia Ltd

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GPO Box 1594, Sydney NSW 2001

T 1800 251 849 F (02) 9232 7174
W governanceinstitute.com.au
If tutorial, which city?

Sydney Melbourne Brisbane Perth
Office use only
Please note: not all classes available in all states.
ID
Order No.
* Please refer to the tutorial timetable for details or view at
Course
Subject
Class
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www.governanceinstitute.com.au
Key dates & fees
**Subjects are listed alphabetically, please refer to pp 24 for relevant

subjects and recommended order for each postgraduate course.
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payment. Please retain a copy of this form for your records.
GST does not apply to Governance Institute subjects or to the subscriber package.
For further information about

the postgraduate courses
or to discuss your personal
educational needs, please
contact your local Governance
Institute of Australia state office.
New South Wales & ACT
T (02) 9223 5744
F (02) 9232 7174
E nsw@governanceinstitute.com.au
Queensland
T (07) 3229 6879
F (07) 3229 8444
E qld@governanceinstitute.com.au
South Australia & Northern Territory
T (08) 8132 0266
F (08) 8132 0822
E sa@governanceinstitute.com.au
Victoria & Tasmania
T (03) 9620 2488
F (03) 9620 2499
E vic@governanceinstitute.com.au
Western Australia
T (08) 9321 8777
F (08) 9321 8555
E wa@governanceinstitute.com.au
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Postgraduate

Graduate Diploma of Applied Risk Management 

Graduate Diploma of Applied Corporate Governance 4

Learning with the experts

Eligibility and exemptions

Frequently asked questions

Postgraduate courses | 2016 Handbook

This course allows you to learn about the important role

The course is ideal for risk management practitioners and

Subjects are listed in the recommended

Public Law and

Postgraduate courses | 2016 Handbook

Public sector stream

Public Law and

Graduate Diploma of Applied Corporate Governance*

Public sector stream

Risk and Compliance

Risk and Compliance

Applied Corporate Law

Public Law and

Risk Management Project

Risk Management Project

Risk and Compliance

Financial and Management Accounting

Choice of one elective

Postgraduate courses | 2016 Handbook

The Graduate Diploma

If you do not wish to undertake any postgraduate course,

Holders of any postgraduate course may seek advanced

A certificate of completion is provided on the successful

How study with Governance

an in-depth understanding of how to meet compliance

the ability to foster excellence in governance,

Postgraduate courses | 2016 Handbook

How study with Governance

an understanding of sound practice in governance

Associate Professor Anil Hargovan, Australian School

Margaret Pyrchla FGIA, Manager, Risk and Compliance,

Dr Kevin Adams, former Deputy Pro Vice-Chancellor,

Dr Colin Sharp FGIA, Managing Director, PERSONAL

Robin Bowley FGIA, Lecturer, Faculty of Law, University

Jayne Staddon FGIA, Manager Legal and

Dr Marco Bini FGIA, Director, Policy and Coordination,

Philip Thomas FGIA, Managing Director, Oakland Group

Glenn Burke, Principal, Proactive Business Advice

Jevon Turner, Manager, Business (Risk and

Dr Ulysses Chioatto, Executive Director, Institutional

Lawrence Tutton FGIA, former Company Secretary,

Dennis Clark FGIA, Managing Director, Clark Corporate

Peter Whelan FGIA, Lecturer, School of Economics &

Caron Cobarg Sugars FGIA, Director, Risk and Advisory

Peter Whyntie FGIA, Director and Principal Consultant,

Dr Michael Drew FGIA, Director, Drew, Walk & Co

Michael Wilson, Lecturer, School of Accounting,

Laurie Factor FGIA, former Senior Lecturer, School of

Lidia Xynas, Senior Lecturer, Director of Teaching and

Postgraduate courses | 2016 Handbook

Learning with the experts

Guest presenters include

Caron Cobarg Sugars FGIA, Director, Risk and Advisory

John Davis, Senior Manager, Risk Advisory, EY

Applied Corporate Law

Catherine Dent, Director, People and Culture Strategies

Associate Professor Anil Hargovan (Chair), School

Graduate Diploma of Applied Risk Management

Graduate Diploma of Applied Corporate Governance 4

Learning with the experts

Eligibility and exemptions

Frequently asked questions