NNPCL GRC_Training and Awareness Policy.pdf

NNPC Limited ERM Processes and Procedures 6.0 Appendix Appendix A – Training and Awareness Policy This section of the manual outlines the risk management training and awareness policy that shall guide the training of staff to enable them to understand NNPC Limited’s risk management philosophy, pri...

NNPC Limited ERM Processes and Procedures 6.0 Appendix Appendix A – Training and Awareness Policy This section of the manual outlines the risk management training and awareness policy that shall guide the training of staff to enable them to understand NNPC Limited’s risk management philosophy, principles, culture, appetite, measurement, methodologies, process and procedures. The Head of Risk Management shall develop a comprehensive training and awareness plan on an annual basis. This plan shall form part of NNPC Limited’s annual training calendar. The risk training and awareness plan shall include courses that: a) Provide Board of Directors and staff with specific training and awareness on NNPC Limited’s risk management policies and procedures covering all the key risks; b) Discuss trends and industry practices in enterprise risk management; c) Teach the fundamentals of risk management and ERM concepts and approaches; d) Assist participants to understand and implement risk management policies and procedures; e) Provide an efficient methodology for evaluating risks in the business environment; f) Assist participants to understand the use of the information technology systems put in place to manage risks; g) Give practical insights into the relationship between ERM and other organisational systems relating to corporate governance, knowledge management and quality management; h) Provide understanding of important quantitative techniques used in risk Page 73 of 347 NNPC Limited ERM Processes and Procedures management; i) Provide understanding of how ERM can be used to gain a competitive edge; and j) Provide an understanding of the Risk Management decision process. Risk Management Awareness A risk awareness program shall be established by the Head of Risk Management to ensure that all staff are continually educated on recent developments and findings in risk management. This will help to raise staff awareness of the risk management policy and processes, their role in it and to provide education on basics of risk management. The awareness process shall be designed in a way that personnel can readily learn with minimum disruptions to their duties. Options for this type of training include: a) Induction manuals for new hires; b) Short presentations (facilitated internally or externally) during normal office meetings; c) Meetings/interviews or facilitating of regular departmental/unit chat or discussion on ERM; d) Workshops; e) Special briefings; and f) Newsletters or Publication of quarterly bulletin highlighting ERM event within NNPC Limited and its subsidiaries. Page 74 of 347