Corporate Governance
Overview:
Introduction:
Corporate Governance refers to the framework of rules, practices, and processes used to direct and control an organization. It ensures accountability, transparency, and fairness in a company's relationship with its stakeholders, including shareholders, management, customers, and regulators. This training program delves into modern corporate governance practices, emphasizing the roles and responsibilities of boards and committees.
Program Objectives:
By the end of this program, participants will be able to:
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Define the principles, scope, and importance of corporate governance in organizational success.
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Analyze the roles of boards, shareholders, and leadership in fostering effective governance.
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Evaluate governance practices in listed and non-listed companies, including emerging markets.
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Identify strategies for board effectiveness, committee roles, and crisis management.
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Utilize methods for board evaluation and ensure alignment with regulatory and ethical standards.
Target Audience:
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Directors.
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Board Members.
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Audit Committee Members.
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Company Secretaries.
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Senior Management.
Program Outline:
Unit 1:
Foundations of Corporate Governance:
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Overview of corporate governance and its scope.
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Key distinctions between governance and management.
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Hard vs. voluntary governance approaches.
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Addressing agency problems and corruption.
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Governance in non-listed companies and emerging markets.
Unit 2:
Corporate Governance in Listed Companies:
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Ownership structures and shareholders' rights.
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Investor relations and insider trading compliance.
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Shareholder activism and regulations.
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Role of the board in balancing performance and accountability.
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Techniques for building diverse and effective boards.
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Corporate social responsibility and sustainable reporting.
Unit 3:
Leadership in Corporate Governance:
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Role of non-executive directors and chairpersons.
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Methods of managing relationships with the CEO.
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Board involvement in strategic decision-making.
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Crisis management for boards.
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Recognizing groupthink and ethical leadership.
Unit 4:
Board Committees and Governance:
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Roles of audit committees.
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Enhancing board effectiveness through committees.
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Impact of audit committees post-financial crisis.
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Power dynamics and board failures.
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Avoiding groupthink in governance.
Unit 5:
Board Evaluation and Continuous Improvement:
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Methods of regular board evaluations.
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Importance of engaging stakeholders and techniques for gathering their feedback.
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Resolving governance conflicts.
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Aligning board performance with regulatory standards.
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Promoting continuous governance improvement.