This practical 5-day training program 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 program 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 World of Corporate Governance Today
- International events leading to governance reform
- Purpose and objectives of governance including agency risk and moral hazard
- US Sarbanes Oxley – act style legislation vs. UK-style voluntary code: focusing where possible on participant’s countries
- Standards-driving bodies and evolving principles
- Formative regulatory bodies including OECD, Basel Committee, SECs and CMAs, Central Banks
Main Components and Principles
- Eight principles which underpin every system of governance
- OECD Code core concepts and guidance
- Listing requirements and continuous obligations
- Corporate Governance in the financial sector – raising the bar – what is special about banks and bank governance?
- Basel Committee’s guidance on enhancing corporate governance for the banking sector
- Review of European Union’s approach to Corporate Governance in Financial Institutions
The Governing Body
- What does a “Good” financial institution look like
- Alternative board structures – dual and unitary boards
- Different types of board members: their roles and responsibilities, including the Secretary to the Board
- The growing importance of the INED
- The vital role of Board Committees in the new era of governance, including the audit committee, nominations & remuneration committee and the risk committee
Corporate Governance, Risk Management and Compliance (GRC) In Financial Institutions
- The growth and linkage of these three topics in finance
- The main components of Enterprise Risk Management (ERM)
- The central role of internal controls and linkage to ERM
- Best practice compensation principles and standards
- Shareholders, depositors and other stakeholders need for disclosure and transparency
Corporate Social Responsibility (CSR)
- Defining CSR
- The link between CSR and Corporate Governance
- CSR – economic, legal, ethical and discretionary aspects
- CSR and financial institutions – is it just a public relations exercise?
- Where does the regulator fit in?
- The course will end with a multi-choice questionnaire to assess the level of knowledge gained and to fresh and assist the retention of new information