Institute of Directors- The Role of the Director and the Board

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Institute of Directors- The Role of the Director and the Board

University of Salford
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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…

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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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