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.
At the end of the training program, the participant should be able to:
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
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
1 Indicators for monitoring performance
1 Remuneration policy
2 Role of the Remuneration committee
3 Components of executive directors’ and non-executive remuneration
4 Evaluating executives’
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
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
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
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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Names of the training programs that are integrated (enriched) with the training program:
Names of the training programs that after the training program:
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