Introduction
As the importance of effective corporate governance continues to be critical in todays environment, not least due to the global operational perspective, there has been increased focus on the role of the key support staff (executive assistant(s)) such as personal assistants, accountants, human resource officers and more.
Good governance is crucial for an effective organisation. The role of the governance professional is constantly evolving in line with changes in the way business is conducted, technology, legislation and societys expectations. It is crucial that governance professionals keep abreast of these changes to ensure not only that their organisation remains compliant with its legal and regulatory obligations, but also to ensure that it achieves its financial and business objectives.
The aims of the course are focused on governance professionals for proprietary companies, public companies, government enterprises and not-for-profit organisations.
Course Content
Introduction
- What is the background to this course?
- What are the aims of this course?
- What is corporate governance?
Definitions
- Why is governance important?
- Accountability and transparency
- Stakeholder confidence
- Protection for directors and officers
- Societys expectations
- Benefits of good governance
The governance environment
- Constitutional context
- Organizational context
- Outcomes context
Key Elements of Corporate Governance
- Governance practices stemming from agency theory
- Governance and stakeholders
- One size does not fit all
Case studies and current issues in governance
- Corporate crises
- Increased liabilities imposed on directors
- Increased importance of institutional investors
- Australian Charities and Not-for-profits Commission
- The boards role in governance
- Financial responsibilities
- Director and executive remuneration
- Executive performance reviews
- Board composition
- Board performance reviews
- Social media
- Corporate responsibility/environment, social and governance
- Auditor independence
The regulation of corporate governance
- Prescription versus self-regulation
Directors and officers duties
- Who is an officer?
- Who is a director?
- What are the duties of directors and officers?
- The business judgment rule
- What are the duties of directors and officers of associations?
The company secretarys role in governance
- Statutory office holder
- Chief administrative officer
- Responsibilities
Assessing, Analyzing and Treating Risk Governance
Increasingly, organisations are showing a greater interest in their risks and risk management Processes.
This interest has arisen from:
- the development of risk management standards and corporate governance frameworks
- directors concerns about meeting due diligence and governance obligations
- directors concerns about escalating insurance costs
- changing securities exchange listing and reporting requirements
- major events such as terrorism and corporate collapses
- strengthening compliance obligations
- directors increasing awareness of the link between effective risk management, operations, strategy and business success
It is crucial that organisations have risk management systems and processes in place to accurately identify risks, prioritise risks by applying meaningful assessment criteria and implement effective strategies to manage exposures.
Assessing Board Performance
- What does a board do?
- Who is the board?
- How does the board work?
Methods of board assessment
- Experience of board with assessment
- Using a third party
- Desired outcomes from process
- Available time, budget and interest
- Scope of involvement
- Options for mechanics
- Comparisons, standards and benchmarks
- Action after the board assessment
- Disclosure requirement
Delegates will learn…
By the end of this course the delegates will be able to:
- develop an understanding of leading practice governance
- develop knowledge of the key elements of governance
- examine modern trends in governance
- develop an understanding of how legislation and regulation drives good corporate governance practices
- examine current topical issue in governance
- provide helpful tips and useful resources for practitioners
Dolphins Training & Consultants ltd
View Park Towers ,10th Fl ,Utalii Lane & L584-off UN Avenue, Gigiri.
P O Box 27859 00100 Nairobi, Kenya Tel +254-20-2211362/4/5 or 2211382
Cell:+254-700 086 219 / +254-712 636 404
training@dolphinsgroup.co.ke www.dolphinsgroup.co.ke
Your No.1 Corporate Training Partner DIT No./ 711
We push the human race forward and so do you.. Unleash Your True Potential.!