Improving Board Effectiveness

Improving Board Effectiveness

Euromoney Training
Logo Euromoney Training

Need more information? Get more details on the site of the provider.

Starting dates and places

This product does not have fixed starting dates and/or places.

Description

This course will broaden the awareness of members of and advisors to Boards of Directors in both developing and emerging markets of methods for improving the effectiveness of their board. This course will provide an opportunity for participants to up to date their knowledge needed in successfully fulfilling their roles. Taught by an internationally renowned board development expert, the course will equip participants with a framework to develop an action plan for introducing changes into their own board practices to raise its effectiveness and performance. An advanced 4-day course that provides a vital overview to the role of the board in listed companies, banks and other financial instituti…

Read the complete description

Frequently asked questions

There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.

Didn't find what you were looking for? See also: .

This course will broaden the awareness of members of and advisors to Boards of Directors in both developing and emerging markets of methods for improving the effectiveness of their board. This course will provide an opportunity for participants to up to date their knowledge needed in successfully fulfilling their roles. Taught by an internationally renowned board development expert, the course will equip participants with a framework to develop an action plan for introducing changes into their own board practices to raise its effectiveness and performance. An advanced 4-day course that provides a vital overview to the role of the board in listed companies, banks and other financial institutions. Practical guidance will be provided on such issues as: Best practice policies Corporate responsibilities Board behaviour Board evaluation Risk management Remuneration oversight Financial stewardship Plus: The course will contain a variety of training activities that include: Practical presentations and lectures Classroom Group Discussions Multiple case studies and examples taken from real life financial service sector situations Board simulations, role plays, force field analysis and priority rankings exercises Who Should Attend? This course has been specifically designed for the benefit of: Members of and advisors to Boards of Directors of listed companies, banks and other financial service organisations in both developed and emerging markets. To include: Chairmen Executive Directors Non Executive Directors (both newly appointed and experienced) Company Secretaries Legal Counsels Consultants Senior managers in listed companies, banks and other financial institutions who report to the board or board committees who are interested in expanding their knowledge and applied experience of boardroom activities. To include: Executive committee members Vice Presidents General Managers Corporate Governance Executives Chief Risk Officers Internal Audit Officers
Day 1 Registration commences at 8:30 on day one Program runs from 9:00 - 5:00 daily The Role of the Board in the Financial Services Sector and Directors’ Rights, Duties and Liabilities What does an Effective Board do? The identification of the board’s governance role and responsibilities (to include strategic leadership, oversight of executive management and accountability activities) Case Study: Defining the board’s governance role and responsibilities based on real data from recent board research Classification of boards (to include unitary boards, two tier boards and Shari’a Supervisory Boards) Differentiating managing from directing activities Roles within the board to include: the chairman, the CEO, the non executive director, the senior independent director, the company secretary and board advisors Role Play: Exploring the roles within the board before, during and after board meetings Recent trends concerning the evolving role of the board in the financial services sector Case Study: The boards of banks in Europe Delegates will evaluate recent research into board practices amongst banks in the 27 Member States of the EU What are a Director’s Rights, Duties and Liabilities on a Financial Sector Board? Directors’ rights Statutory duties, fiduciary duties, duty of care and duty to act within powers Legal liabilities and enforcement mechanisms Case Study: Assessing recent legal cases involving directors’ rights, duties and liabilities DAY 2 The Effective Board: Composition, Structure and Practices The Balanced Board Board size Board balance involving: expertise, executive / non executive, independent / non independent, gender, age, nationality etc Director leadership attributes Director selection and appointment process and the role and structure of the nominations committee Succession planning Board committees Case Study: Examining board balance issues Board Practices Setting the agenda: its contents – key success factors The agenda annual calendar Board briefing papers Executive meetings of non executives Challenges in conducting board meetings Board meeting leadership and procedures Best practice minutes of board meetings Director induction package Red flags for directors Dysfunctional board characteristics and how to deal with them Role Play: Investigating dysfunctional board characteristics DAY 3 Strategic Leadership and Stewardship Provided by the Board Strategic Leadership and the Board The board’s role in strategic management An identification overview of the policies and procedures that need to be ratified by the board Exercise: This section will include a questionnaire / self assessment of policies and procedures within the course participants’ organization and will include templates and best practice model documents on information disclosure, insider trading and related party transactions Ethical challenges facing banks and financial institutions and how these may be addressed through a code of ethics The business case for corporate responsibility and citizenship to include sustainability Case Study: Corporate responsibility and citizenship in South African banks This case study will define the impact of the corporate responsibility and citizenship recommendations on banks in South Africa as a result of the King 3 Report on Corporate Governance. Case Study: Examining the many ethical challenges facing the financial services sector including zero tolerance, codes of conduct and whistle blowing The board’s role in evaluating organizational performance using key performance frameworks, indicators and dashboards to Case Study: Using key performance frameworks and indicators to evaluate bank performance The board’s role in evaluating CEO performance using key performance frameworks and indicators to evaluate Role Play: The evaluation of CEO performance Director Remuneration Using frameworks and policies for determining non executive directors, executive directors and senior executives’ remuneration The role and structure of the remunerations committee Trends and challenges associated with remuneration Case Study: Evaluating directors’ remuneration Financial Stewardship and Governance Oversight Issues Oversight of information governance policies, systems and procedures The board’s role in corporate reporting The implementation of International Financial Reporting Standards (IFRS) The content of the Governance Report and good practice construction processes The Annual report The Shareholders’ General Meeting Website disclosure The content of Recovery and Resolution Plans (“living wills”) and good practice construction processes Board challenges associated with valuation, gearing and dividend policy The importance of effective shareholder communications and the EU Shareholder Rights Directive The ownership reporting requirements and the impact of different types of ownership (e.g. concentrated / dispersed, state ownership) Shareholder engagement and activism Case Study: Financial stewardship and governance oversight Case Study: Shareholder engagement / activism Risk Assessment and Oversight Risk identification, assessment and decision making frameworks used by boards including COSO II. Also to include: risk appetite, risk tolerance, disaster recovery and business continuity planning Case Study: The application of risk assessment and decision making frameworks Internal Controls and Internal Audit The board’s oversight of internal control systems and procedures The role of internal audit and its relationship with the audit committee Case Study: Internal controls – growth and decentralization The Audit Committee The role and structure of the audit committee including its relationship with the external auditors DAY 4 Improving Board Effectiveness An Overview of Corporate Governance Frameworks and Practices Relating to Boards in the Financial Services Sector The UK Walker Review of corporate governance in UK banks and other financial industry entities (2009) The Basel Guidance: “Enhancing corporate governance for banking organizations” (2006) The OECD Principles of Corporate Governance (2004) Dodd Frank and Sarbanes Oxley Corporate Governance Requirements in the US Case Study: The implementation and impact of these corporate governance frameworks Board Evaluation Types of board evaluation Good evaluation practices Red flags for directors concerning board evaluation Case Study: Comparing board evaluations from Canada, the US, the UK and the Middle East The Business Case for Board Effectiveness The role of the board in value protecting and value enhancement Corporate governance as an investment How banks are responding to corporate governance concerns and challenges The business case for improving board effectiveness and corporate governance within boards in the financial services sector to include examples from the US, the UK, the Middle East and Central and Eastern Europe Case Study: Comparing board effectiveness in the US, the UK, the Middle East and Central and Eastern Europe Leading Boardroom Changes Leading transformational change: a seven stage process Boardroom action planning Solutions to improve a board’s effectiveness Case Study: Evaluating and implementing performance improvement plan in the board Conclusion
There are no reviews yet.

    Share your review

    Do you have experience with this course? Submit your review and help other people make the right choice. As a thank you for your effort we will donate £1.- to Stichting Edukans.

    There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.