Institute of Directors- The Role of the Director and the Board
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Description
Objectives
- Understand the important role that corporate values play in the development of a successful and responsible business
- Understand corporate governance and how it shapes the responsibilities, accountabilities and activities of the board
- Understand the legal status of a company, the different forms this may take and the legal and regulatory environment it must operate in
- Understand the role a director plays and the responsibilities and accountabilities associated with the role
- Understand the role of the board and how it should operate to be effective
- Understand the board’s accountabilities and responsibilities to a number of stakeholders and that these relationships need to be…
Frequently asked questions
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Objectives
- Understand the important role that corporate values play in the development of a successful and responsible business
- Understand corporate governance and how it shapes the responsibilities, accountabilities and activities of the board
- Understand the legal status of a company, the different forms this may take and the legal and regulatory environment it must operate in
- Understand the role a director plays and the responsibilities and accountabilities associated with the role
- Understand the role of the board and how it should operate to be effective
- Understand the board’s accountabilities and responsibilities to a number of stakeholders and that these relationships need to be managed and considered in board decision making
Summary
Module Syllabus
Section 1 - Corporate Governance
- Corporate Governance – what it is, where it has come from and where it is going
- Corporate Governance Codes, including the Combined Code
- The Board’s role in corporate governance*
- Differences between governance, direction, management and ownership*
- Effective internal control - the importance of policies and systems to address legal, governance, regulatory requirements
- Setting and communicating policies and internal controls
- The important relationships between internal controls, risk management and internal audit
- Auditing and managing compliance
Section 2 - The Company’s Legal and Regulatory Environment
- Different legal forms
- Features of a company
- Regulatory and legal framework
- The legal position of stakeholders
- Disclosure of information and reporting requirements
- Requirements of 2006 Companies Act*
- European Directives
- Legal and regulatory environment – including: employment law, health and safety, wrongful/fraudulent trading, corporate insolvency, insider dealing, dispute resolution, contract
- law, competition law
Section 3 - The Director’s Role
- Directors’ duties
- Consequences of a breach of duty and potential liabilities
- Directors’ service agreements
- Different types of directors
- Different roles: Chairman, MD, Executive Director, Non-Executive Director
- Role of the Company Secretary
- Selection and appointment
- Induction
- Succession planning
- Removal of a Director
- Leadership
- Assessing your own effectiveness
- Continuous professional development
Section 4 - Board structure, Operations and Practice
- Role and tasks of the board
- Best practice principles/UK Combined Code
- Delegation to management
- Matters reserved for the board
- Board structure, composition and skills
- Board committees and duties/purpose
- Board cycle
- Board policies
- Board dilemmas
- Board dysfunction
- Board evaluation – the board, its committees and individual directors
Section 5 - Strategic Risk Evaluation and Management
- Levels of risk
- Different type of risks
- Risk assessment and management
- Defining risk management appetite
- Risk v entrepreneurial decisions
- Establishing a risk culture
- Delegation and monitoring risk management
- Risk reporting
- Role of the audit and risk committee
- The relationship between internal controls defined in policy and systems, internal audit and risk management
- Crisis scenarios and horizon scanning
Section 6 - Stakeholder management
- The concept of stakeholder management
- Stakeholder mapping process
- Formulating an action plan
- Communicating organisation strategy, goals, performance and progress to stakeholders
- Anticipating, balancing and managing conflicts of interest between different stakeholder groups
2013 Fees:
- Certificate- £325.00 plus VAT
- Diploma- £425.00 plus VAT
19/06/2013 09:00 - 20/06/2013 17:00
29/08/2013 09:00 - 30/08/2013 17:00
26/02/2014 09:00 - 27/02/2014 17:00
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