If there is one major lesson to draw from the financial crisis, it is that corporate governance matters.
Directors, regulators and shareholders, but also policymakers and the general public, need to pay more attention to corporate governance. This tells us how firms operate, their motives and principles, their reporting lines, who they are accountable to, and how they manage profit, remuneration and, in the case of many financial firms, other people's money. When times were good, too many people took their eye off the ball and now we see the consequences.
This course teaches in-depth Principles & Application on Corporate Governance. The overall aim is to provide participants with an understanding of best practices in corporate governance and how the adoption of such practices by companies can lead to significant improvement in corporate performance.
In this lesson, there will be hand on group exercises, review questions, case study and debates.
Upon completion of this course, participants will be able to:
- Explain the concept of company structure.
- Identify and explain the need for improved corporate governance practices.
- Discuss the role and function of the key organizations in the corporate governance area.
- Identify the major participants in ensuring good corporate governance and the relationship between them.
- Identify various principles of effective corporate governance in the context of major participants.
- Identify and apply various methods for minimising the cost of conflict.
- Define and discuss the role of directors.
- Analyse the obligations and responsibilities of directors and officers.
- Understand the obligations of accountability to regulators and stakeholders.
- Distinguish the roles of the board, stakeholders and management.
- Identity the essential elements of corporate social responsibility and ‘triple bottom line’ reporting.
- Describe the duties and responsibilities of the nomination and remuneration committees of the board of the company.
- Explain the distinctions between ethics and the law.
- Describe the key aspects and advantages of codes of conduct.
- Determine when directors may be disqualified.
- Illustrate a basic knowledge of trade practices law.
- Identify and explain the essential components of an effective trade practices compliance program.
- Discuss the costs and consequences of non-compliance with the Trade practices Act.
- Identify the reasons for the international drive to raise standards of corporate governance around the world.
- Explain the strengths and weaknesses of the different approaches to corporate governance.
- Discuss the issues of corporate governance raised in the case of Enron.
This course is designed for board members, directors, senior managers and managers who are responsible for:
- Corporate Governance
- Corporate Strategy
- Operational Risk Management
- Corporate Social Responsibility
- Environmental Sustainability
- Introduction to corporate governance and accountability & the framework
- The business environment
- Types of companies
- What is corporate governance
- Global focus on corporate governance
- The role of regulators in corporate governance
- The role of government in corporate governance
- The role and value of effective corporate governance
- Major participants in ensuring good corporate governance
- Stakeholder relations
- Role of the board
- Potential conflict of interest
- Impact of corporate governance on agency costs
- Statements of major companies on corporate governance
- Corporate governance in non-profit-organizations, public sector & SMEs
- Directors and officers
- Role of directors
- Who is a director
- Duties and responsibilities of directors
- Case scenario
- Managing the company
- Aligning director and shareholder interests
- Reporting issues
- Corporate social responsibility
- Technology Information Management
- Remuneration, nomination & performance
- Ethics in and out of the boardroom
- Ethical conduct & company directors
- Interaction of ethics and the law
- Desired and prohibited conduct
- Disqualification of directors
- Trade practices awareness
- Stakeholder protections
- Employee protections
- Consumer protections
- Competition in the marketplace
- Regulating anti-competitive behaviour
- Ensuring legal compliance
- Compliance programs
- Restrictive trade practices
- Collusion, price fixing & boycotts
- Misuse of market power
- Exclusive dealing
- Resale price maintenance
- Mergers and acquisitions
- Unconscionable conduct
- Conduct at common law
- Conduct in consumer type transactions
- Conduct in business transactions
- Consumer protection
- Misleading conduct
- False representation
- Bait advertising
- International corporate governance: North America, Europe and Asia Pacific
- Internationalisation of corporate governance
- Market-based systems of corporate
- Relationship based system of corporate governance
- Critical issues in corporate governance