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 explores the role of the board in formulating and implementing strategy and managing enterprise risk. The module includes the evaluation of the executive directors’ performance as well as business ethics.

Program Topic
  • Business Leadership and People Management
Program Goals

At the end of the training program, the participant should be able to:

  • Describe the board’s governance roles and responsibilities.
  • Understand the different board roles including the role of the Chairman, Executive Directors and Non-Executive Directors (including Independent Directors and Nominated Directors).
  • Understand the roles of the Chief Executive Officer, other Executives and the Board Secretary.
  • Identify the key laws and regulations impacting upon directors with particular reference to duties, responsibilities and liabilities.
  • Differentiate managing versus directing
  • Identifying key dilemmas facing the board and making suggestions as to how these might be addressed.
  • Discuss the role separation of chairman and CEO.
  • Identify the characteristics and benefits of a balanced board.
  • Describe good practices associated with board committees.
Program Agenda
Topic 1: Strategy- The strategic board
  • 1 Types of strategies

    • 2 Benefits of strategy

      • 3 The 10 timeless tests of strategy

        • 4 The hockey stick / hedgehog / hairy back

          • 5 The power curve

            • 6 Economic profit

              • 7 The workload of directors

                • 8 The elements in the strategy method (i.e., frame, diagnosis, forecast, search, choose, commit, evolve)

                  • 9 Structure, conduct and performance model (SCP)

                    • 10 Porter’s 5 forces

                      • 11 Influencing tactics

                        • 12 The board’s role in developing and articulating the strategy

                          • 13 Cognitive bias (i.e., attribution, over confidence, anchoring, confirmation and loss aversion

                            • 14 Time allocation of strategy

                              Topic 2: Strategy- Strategic concepts and tools
                              • 1 Vision

                                • 2 Purpose

                                  • 3 Goals

                                    • 4 Objectives

                                      • 5 Competitive analysis

                                        • 6 PESTLE

                                          • 7 SWOT

                                            • 8 Ansoff matrix

                                              • 9 Balanced scorecard

                                                • 10 BCG matrix

                                                  • 11 Scenario planning

                                                    • 12 Stakeholder mapping

                                                      Topic 3: Strategy - Monitoring performance
                                                      • 1 Indicators for monitoring performance

                                                        Topic 4: Director Renumeration
                                                        • 1 Remuneration policy

                                                          • 2 Role of the Remuneration committee

                                                            • 3 Components of executive directors’ and non-executive remuneration

                                                              • 4 Evaluating executives’

                                                                Topic 5: Risk
                                                                • 1 The nature of risk

                                                                  • 2 Enterprise risk management

                                                                    • 3 Risk standards – ISO and COSO

                                                                      • 4 Risk tolerance,

                                                                        • 5 Risk appetite

                                                                          • 6 Identification of risk

                                                                            • 7 Assessment of risk using risk assessment matrices

                                                                              • 8 Risk mitigation types and processes

                                                                                Topic 6: Crisis Management
                                                                                • 1 Defining a crisis

                                                                                  • 2 Preparing for a crisis

                                                                                    • 3 Training for a crisis

                                                                                      • 4 Responding to a crisis

                                                                                        • 5 Recovery from a crisis

                                                                                          • 6 Communications to key stakeholders

                                                                                            Topic 7: Business Ethics
                                                                                            • 1 Definitions of corporate responsibility, CSR, sustainability, ethics

                                                                                              • 2 International standards and frameworks (e.g., SDGs, integrated reporting, GRI sustainability etc)

                                                                                                • 3 Distinguish between legal compliance and ethical behaviour

                                                                                                  • 4 Ethical principles

                                                                                                    • 5 Managing ethical issues

                                                                                                      • 6 The contents of a code of ethics

                                                                                                        • 7 Monitoring ethical practices

                                                                                                          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

                                                                                                          -

                                                                                                          • This program will be delivered in English, so all participants should have basic English literacy

                                                                                                          -

                                                                                                          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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