Corporate Governance: Principle, Policies and Best Practices Training Course

This training 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.

Course Objectives

By the end of the course, participants will be able to:

• List the essential fundamentals and significance of corporate governance
• Analyse corporate governance models and suggest improvements
• Assess the ethical and policy considerations underpinning shareholders, Board of Directors (BOD), auditors, senior management and executives
• Decide on the corporate governance structure that is best suitable for the business model
• Deploy corporate governance best practices
• Apply disclosures and transparency requirements issued by IFRS and other authorities

Day One

Overview of Corporate Governance (CG)

• Definition of corporate governance
• The scope of corporate governance
• Essential corporate governance principles
• The macro governance picture
• Philosophies affecting corporate governance
• CG code of conduct and global principles

Day Two

Models and mechanism of CG

• The Shareholder Wealth Maximization (SWM) model
• The Corporate Wealth Maximization (CWM) model
• International models of corporate governance
• The board of directors
• The audit committee
• Environment for corporate control

Day Three

Stakeholders in corporate governance

• Stakeholders
• Shareholders rights
• Different types of directors
• Directors’ duties and rights
• Role of chairman and corporate officers
• Internal auditors and external auditors
• Institutional investors and minority stakeholders
• Organization for Economic Cooperation and Development (OECD) view on stakeholders
• Deloitte governance framework
• KPMG professional judgment process
• Risk based decision making
• CG failure effects
• The efficient board

Day Four

Functions and structures of corporate governance

• Starting from board of directors
• Alternative board structures
• Unitary and two-tier board models
• Independence of the board
• Selection, remuneration and evaluation of the board
• Analysing current company’s CG system
• Planning and organizing CG objectives and resources
• Communicating and implementing CG principles

Day Five

Practical corporate governance best practices

• International Corporate Governance Network (ICGN)
• OECD corporate governance principles
• Disclosure and transparency
• Financial and operating results versus company objectives
• Remuneration policy for board members and key executives
• Related party transactions
• Timely, accurate and cost-efficient access to information by users