Governance of Commercial Companies (Corporate Governance)

format: Virtual course

duration: 3 days

level: Intermediate

accreditation: CPD

participants: 10

availability:

N/A

$1,799.00

Corporate collapses, near-collapses and ‘scandals’ continue to highlight the crucial role of the board in governance and risk management. The focus of governments, regulators and security exchanges has been to improve the regulatory, compliance and risk management processes that underpin how a corporation conducts its business.

Corporations are a major contributor to employment and tax revenue within the economy and generate much of the personal wealth and retirement savings of significant numbers of individuals, via managed funds, pension funds and share portfolios. Whether a corporation is publicly-listed, privately owned, state-owned, a multinational or a local entity—how it conducts its business in the short and long term has a direct impact on its stakeholders—including owners, managers, shareholders, employees, creditors, suppliers, customers, regulators and the community. Therefore, a robust and accountable corporate governance framework must be in place to protect and balance the interests of its many stakeholders.

This practical corporate governance training course examines current best practice in all aspects of corporate governance, from the new role of board committees and directors’ responsibilities and powers, to best implementation of governance in day-to-day activities.

The costs and benefits of best practice governance will be examined and practical guidance will be given on such issues as the relationship with shareholders and other stakeholders, managing and meeting the expectations of the market, international investors and local government and regulatory authorities.

The course will also discuss the challenges of implementing best-practice corporate governance in emerging markets and will include the specific requirements of banks and financial institutions.

The course is designed for:

Directors & Board Members
Audit Committee members
Company secretaries and governance professionals
Corporate counsel
Senior company management
Investors and fund managers
Analysts
Regulators
Securities exchange officials
Lawyers & legislators

Course objectives

The aim of this course is to provide an understanding of effective governance, including the function of risk management, and how both contribute to improved corporate performance. The course objectives include:

define corporate governance
identify the main areas covered by corporate governance standards
identify current governance issues
examine the role of the board and its risk management responsibilities
understand the principles and practice of effective risk governance

Day 1

Theoretical Aspects of Corporate Governance

Agency theory
Separation of ownership and control
Transaction cost economics (TCE)
Stakeholder theory
Stewardship theory
Convergence

Corporate Governance

Corporate governance defined
Corporate governance standards
Current corporate governance issues
National governance frameworks

The Role of the Board

Common law and statutory duties
Business judgment rule
Duties of government officers
Governance responsibilities of the company secretary
Potential personal liability
Ticker’s model of board governance
The role of board committees

Day 2

Directors and Board Structure

Unitary board versus dual board
Role, duties, and responsibilities
Chief executive officer (CEO), chairperson, senior independent director, and company secretary
Board subcommittees
Remuneration, nomination, risk, and ethics committees
Non-executive directors
Director evaluation
Succession planning
Board diversity

Directors’ Performance and Remuneration