Effective Corporate Governance

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This program teaches how to:

    • This program provides delegates with an understanding of the key governance principles and approaches and offers practical advice on what organizations need to consider as best practice to meet both their needs and their stakeholder expectations.


    • It explores the key governance frameworks and guidelines, including in-depth coverage of the UK Corporate Governance Code whilst also considering other example Codes and Guidelines; board activities and board committees; reporting and disclosure requirements; corporate social responsibility and risk management.


    This is an intensive and challenging program that enables the participants to have a well-rounded understanding of corporate governance. The course is an interactive learning experience using group work, practical exercises and discussion to cover each of the key areas.


Background to Corporate Governance:
 The origin and evolution of corporate governance
 Current trends and regulatory developments
 Comparison of practices across the world
 Cultural and regional factors
Specific challenges faced by Family owned companies:
 Understanding the challenges
 The grey line between ownership and management
 The existence of the additional layer of complexity that the owning/controlling family brings to the business
 How protocols and management authority structures are often by-passed
 Why family-owned companies need strong corporate governance
Understanding the need for an Internal Code of Practice:
 Defining and adopting the code of practice
 Sponsorship, support and observance from senior management (including family members)
 Ensuring ‘fitness for purpose’
 Evolving the code based on regulatory, cultural, economic and social changes
 Awareness campaign and communication of policy
Responsibilities of the Board of Directors and the Management:
 Difference between Shareholder/Owner and Management Roles
 Appreciating the concept of objective responsibility
 Understanding the stewardship function
 Showing leadership and example  Composition of the board
 What is an ‘effective’ board?
Nature of Accountability:
 Performing a balanced assessment of the company’s position and prospects
 Financial and business accountability
 Setting up clear lines of accountability
Disclosure and Transparency:
 Financial disclosure
 Regulatory disclosure
 Concept of ‘Comply or Explain’
 Openness of dealings with staff and external counterparties
 Transparency challenges faced by Family-owned companies
Probity and Ethical Behavior:
 Encouraging respect and clarity of purpose
 Defining ethical behavior and the dangers of misuse in family-owned companies
 Promoting business ethics and honesty
 Setting out whistleblowing guidelines
Risk Management & Internal Controls specific to family owned companies:
 Evaluating and evolving the controls and ensuring arms length use of authority
 Setting up and maintaining risk management procedures
 Compliance, Financial, Operational and Strategic risks

Target Audience:

Directors, Executive Leaders, Business Owners

Course Curriculum

No curriculum found !


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