Program Brief
Corporate governance is simply about how we run our businesses to ensure they are run properly, fairly and in the interests of all key stakeholders. Boards of directors are responsible for the governance of their companies, but all employees need to be aware of their roles and responsibilities and apply the policies, procedures and guidelines which the board sets out for them. This module focuses on the financial stewardship and accountability obligations of the board to shareholders and other key stakeholders.
Sectors
Program Topic
- Accounting and Finance
Job Families
Program Goals
At the end of the training program, the participant should be able to:
- Describe the board’s role in financial stewardship and financial oversight activities.
- Discuss the international and local accounting environment.
- Analyze financial statements, their relation to liquidity, profitability, and performance.
- Identify the consequences of inadequate financial information.
- Define the reporting environment and identify the key users and their information needs.
- Analyze the key elements of narrative reporting and explain the methods for communicating with investors and other stakeholders.
- Define the regulator’s role in enforcing reporting obligations.
- Explain the importance of effective shareowner communications and investor relations.
- Identify sources of corporate finance and their relative advantages and disadvantages.
- Assess the critical issues associated with determining a company’s capital gearing, dividend policy, and valuation.
- Identify various capital investment appraisal techniques.
- Identify financial crisis indicators.
- Identify the key characteristics of the control environment, board responsibilities and internal controls.
- Identify the audit committee’s organization, roles, and duties.
- Describe the contribution that external audit makes to sound corporate governance.
- Discuss whistleblowing, current oversight concerns, and regulatory developments.
Jadarat
Program Agenda
Topic 1: Accounting
1 Financial stewardship
2 Stakeholder capitalism
3 Generally Accepted Accounting Principles
4 International Financial Reporting Standards
5 International Accounting Standards
6 International Auditing Standards
7 Assumptions underlying financial statements to include: Going concern
8 Qualities of financial information to include: relevance, reliability, verifiability, completeness, materiality, understandability, comparability, consistency, timeliness etc
9 The board’s key accounting information needs to include key financial performance metrics and ratios
10 Measuring financial health and performance
11 The 5 statements (financial position, income statement, changes in equity, statement of cash flow and notes)
12 Elements of financial statements (assets, liabilities, equity expenses etc)
13 Accounting ratios – overview of solvency, liquidity, profit, operational and gearing ratios.
14 Accounting policies
15 Management accounts
16 Frameworks for financial information e.g., G20/ OECD Principles of Corporate Governance
17 Financial oversight roles e.g., audit committee, CFO etc
18 Internal and external users of financial information
19 Shareholder communications
20 The consequences of inadequate financial information
21 Financial oversight and financial crisis indicators
Topic 2: Finance
1 Funding sources
2 Relative advantages and disadvantages of equity versus debt
3 IPOs – advantages / disadvantages of listing
4 PE ratio
5 Dividend policy
6 Weighted average cost of capital
7 Mergers, acquisitions, divestments
8 Company valuation – net asset versus earning valuations
9 Capital investment decision making to include: payback, accounting rate of return, internal rate of return, NPV and DCF
10 Overfinancing, over trading and overinvestment
11 Financial red flags
Topic 3: Corporate Reporting
1 The role of the regulator(s)
2 Disclosure obligations
3 Information disclosure policy
4 The benefits and drivers of financial and non-financial information disclosures and transparency
5 Non-financial reporting
6 Integrated reporting
7 Sustainability reporting
8 Sustainable development Goals
9 Frequency of reporting – quarterly versus annual
10 Effective shareholder communications and investor relations
11 Shareholder activism
12 The Annual Report
13 The General Assembly / AGM / EGM
14 The website
15 The power of social media
16 Related party transactions and insider trading
Topic 4: Control
1 The role of the Audit committee, Internal Audit, and internal controls
2 3 lines model (formerly 3 lines of defence)
3 Whistleblowing procedures and best practices
Topic 5: External Audit
1 The role of the External audit
2 Audit opinion
3 Audit scepticism
Program Requirements
Currently hold or recently (within the preceding three years) have held either a director seat or a senior management position within an organization.
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This program will be delivered in English, so all participants should have basic English literacy.
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Program Path
Names of the training programs that are integrated (enriched) with the training program:
- Not Available
Names of the training programs that after the training program:
- Not Available
Program Method
- Lecture
- Case Studies
- Dialogue Teams
- Exercises and assignments
Evaluation Method
- Other
Training Type
- In Class Training
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