Strategic Corporate Governance

Course Introduction

The Strategic Corporate Governance Course is a four-day course covering the principles, importance, and benefits of modern corporate governance. It also discusses regulatory updates, best practices and emerging risks and trends in corporate governance. Duties and responsibilities of the Committees of the Board are also addressed.

Target Audience

•   Newly appointed Directors
  • Senior Executives
  • Directors of companies about to be listed
  • Professionals and business persons

At the end of the program, participants are expected to:

Understand the principles, importance, and benefits of Corporate Governance;

Identify the role and key functions of directors and the Board;

Discuss best practices internationally and understand their requirements;

Understand the duties, responsibilities and best practices of the risk oversight, audit and corporate governance committees; and

Take steps to promote a governance culture stressing ethics and social responsibilities within the company.

Daily Topics

1. Corporate governance fundamentals

• Definitions and key governance players (directors, shareholders, stakeholders, the company secretary)
• The key aspects of corporate governance
• Link between governance, risk and compliance

2. Examining the different approaches to Governance Issues

• Commonwealth
• The US perspective
• Other governance models around the world

3. Directors’ duties

• Directors duties and the current focus on accountability
• Requirements for directorship

4. Leadership

• (the different roles of chairman and CEO) and the responsibilities of executives and Non-Executive Directors
• Tone at the top and creating an ethical business culture

5. Ethics, conflict, transparency and fairness

• The role of leadership in governing ethics performance
• Ethics governance structures
• Aspects of effective ethics management
• Ethics risk assessment
• Ethics strategy
• Codes and policies
• Internal and external ethics reporting
• Being ethical "when nobody is looking

6. Understanding the UK corporate governance framework

• Examining the development of the UK Corporate Governance Code
• Establishing the benefits of improved governance

7. Introduction to King IV

• Objectives of King IV
• King IV definition of governance
• Underpinning philosophies of King IV
• Application – appropriate application of King IV

8. Corporate Citizenship

• Organisation Values, ethics and Culture
• Responsible corporate citizenship

9. Performance and reporting

• Strategy, implementation, performance
• Reports and disclosures

10. Governing Structures and Delegation

• Role of the Governing Body
• Composition of the governing body
• Committees of the governing body
• Delegation to management
• Performance evaluations

11. Stakeholder Relationships

• Stakeholders
• Responsibilities of shareholders

12. The risk governance dimension

• Risk governance model
• Effective Risk Committees
• Risk governance drivers
• Risk appetite and strategy
• Risk Culture
• Principles of Effective Board Risk Oversight

13. Audit Committee

• Establishment of an audit committee 
• Composition and skills required
• Audit Committee ToR, meetings, planning of agendas and annual work plan
• Key role and responsibilities of an audit committee
• Role of the audit committee chair
• Role of audit committee in combined assurance
• Oversight of financial risk 
• Challenges to effectiveness
• Reporting and disclosures

14. Remunerations Committee

• Controversies surrounding executive pay
• Experiences from other parts of the world
• Establishment of a remuneration committee.
• Mandate
• Purpose and primary roles
• Remuneration strategy and policy
• Composition and skills
• Developing performance indicators for executive remuneration
• Disclosure of remuneration, remuneration report and shareholder vote
• Peer groups and benchmarking.

15. Addressing IT Governance

• Setting the foundation – an overview of the nature of IT and the rapid advances in technology
• The ‘Culture at the Top’ – why setting the right tone at the top of the organisation is essential
• Aligning strategy from board level to IT technical level
• The various methodologies that are applied to achieve IT Governance
• Key issues involving IT Governance relating to assurance and reporting on IT
• Key technology issues and challenges facing organisations (disruptive technologies, cloud-computing and cyber-crime)

16. Board Challenges for 2021 and Beyond

• Beyond Covid- doing business in the new normal.
• Board performance – what mix of skills, knowledge and experience is required?
• Digital oversight – what emerging technologies should the board take note of?
• Governance of risk- how does the board exercise risk oversight?
• Shareholder engagement – what shareholder interaction is required?
• Strategy- how does the board exercise oversight over strategy execution?
• Ethics- the role of ethical leadership for business survival.
• The talent agenda - Millennials in employment: Engaging & developing your workforce?

For Registration & more information please contact

NAYEL Training Centre 

T: +971 4 379 7245 | M: +971 50 249 6876 WhatsApp +971 50 249 6876

Email [email protected]