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Course details

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Corporate Governance

Understand current best practice in all aspects of corporate governance
  • This practical corporate governance training course examines current best practice in all aspects of corporate governance, from the new role of board committees and directors' responsibilities and powers, to best implementation of governance in day-to-day activities. The costs and benefits of best practice governance will be examined and practical guidance will be given on such issues as the relationship with shareholders and other stakeholders, managing and meeting the expectations of the market, international investors and local government and regulatory authorities. The course will also discuss the challenges of implementing best-practice corporate governance in emerging markets and will include the specific requirements of banks and financial institutions.

    How will this course assist you?

    This comprehensive 4-day programme will cover:

    • The current state and direction of best practices in corporate governance
    • Implementing and embedding best practices within your organisation /institution
    • How to structure board committees, institutional policies and procedures to conform to international requirements and expectations
    • How to communicate governance procedures to outside stakeholders including shareholders, governments and communities
    • Implementing governance directives within the management of the institution
    • Analysing the governance of other institutions
    • Governance as a competitive edge
    • Identifying and maximising the financial benefit from improved corporate governance and procedures
    Methodology:

    Practical presentations on formulating and implementing modern international corporate governance principles will be blended with case studies drawn from recent international precedents.
    Workshop projects that simulate real-life experiences will help to reinforce key principles.

    Previous corporate governance training course attendees:

    "A worthwhile investment. Very informative and interactive"
    Risk and Assuance, NLNG

    "The course was very good and would be useful for all directors"
    Director, Retirement Benefits Authority

    Who should attend
    • Directors & Board Members
    • Audit Committee members
    • Company secretaries and governance professionals
    • Corporate counsel
    • Senior company management
    • Investors and fund managers
    • Analysts
    • Regulators
    • Securities exchange officials
    • Lawyers & legislators
  • Day 1

    The Significance of Corporate Governance

    Why is Corporate Governance So Important?

    • The definition of corporate governance
    • Why should we be concerned? A brief look at the business case
    • Corporate governance scandals
    • What are the principle issues of corporate governance?
    • Putting corporate governance into its CSR/Sustainable Development context
    Case Study: The Enron Scandal

     

    The Business Case for Corporate Governance

    • Assessing the evidence
      - Opinion-based research
      - Focus list research
      - Governance-ranking research
      - The Deutsche Bank studies
      - The World Bank Group

    The Development of a Corporate Governance Consciousness: Codes of Conduct

    • The growth of corporate governance consciousness
    • Corporate governance thinking in Britain: A leader
    • The OECD Principles
    • A worldwide convergence of corporate governance principles?

    What is so Special about Corporate Governance in Banking?

    • The role of banks in resource allocation
    • The claimed special circumstances
    • Opaqueness: information asymmetries
    • The regulatory environment

    Day 2

    Influencing Executive Management Thinking

    The Role of the Board of Directors

    • The Board as watchdog: monitoring risk
    • The Board as strategist
    • The Board as advisor

    Case Study: The Collapse of WorldCom

    Board Dynamics and the Composition of the Board

    • The role of the Chairman
    • Executive vs independent non-executive directors
    • Qualities to look for in independent directors
    • The problem of ‘groupthink’
    • Board diversity
    • The role of the Company Secretary

    Shareholders

    • Introduction: shareholders ‘own’ the company
    • Ownership vs control: the agency problem
    • The growth of institutional share ownership
    • Shareholder tools of corporate governance
    • Shareholder activism in the future

    Stakeholders

    • Background
    • Identifying the company’s stakeholders: the contextual problem

    Case Studies: Toyota: the recall; Nestle: the problem with Greenpeace over palm oil; BP: the oil spill in the Gulf of Mexico; Proctor & Gamble: a new product launch and the problem with Bboggers; Financial services and the ‘Occupy’ movement
    • Partnerships with stakeholders

    The New Emphasis on Directors’ Remuneration

    • The debate over directors’ remuneration
    • Key elements of directors’ remuneration
    • Performance measures
    • The influence of compensation consultants

    Family Firms and Corporate Governance

    • Family firms as the dominant form of business
    • The claimed advantages of the family firm
    • Governance challenges of the family firm
    • Developing appropriate governance structures

    Day 3

    International Perspectives on Corporate Governance

    An Overview of Corporate Governance Systems in the Industrialised

    World

    • Independence
    • Diversity of experience
    • Availability
    • Remuneration
    • Transparency and disclosure
    • Director evaluation

    Corporate Governance in Emerging Markets

    • Introductory remarks
    • What have been some of the themes?
    • Russia
    • India, China and Asian countries
    • South Africa and African countries
    • Saudi Arabia and the Gulf countries

    How are Banks Regulated and Supervised around the World?

    • The rationale for regulation
    • The types of regulation
    • The limitations of regulation

    Day 4

    Learning from the Financial Crisis

    Corporate Governance Lessons from the Financial Crisis

    • Lessons concerning poor risk management
    • Lessons concerning misaligned remuneration systems
    • Lessons concerning regulatory inadequacy

    Case Studies: Lehman Brothers; Bear Stearns; Royal Bank of Scotland

    Assessing Corporate Governance in your Company

    • The World Bank’s template for assessment
      - The responsibilities of the Board
      - The rights of shareholders
      - The equitable treatment of shareholders
      - Disclosure and transparency
      - The role of stakeholders
    • Strategies for change

    Corporate Social Responsibility (CSR)/Sustainable Development as a Business Driver

    • The broad meaning of CSR/Sustainable Development
      - Labour issues
      - Human rights issues
      - Environmental concerns
      - Corporate philanthropy
      - Ethical business practices such as avoiding corrupt business payments
    • The business benefits of CSR/Sustainable Development
      - Investor relations and access to capital
      - Competitiveness and market positioning
      - Employee relations
      - The minimisation of litigation risk
      - The enhanced ‘license to operate'
    • The relevance of corporate governance to CSR/Sustainable Development

    Socially Responsible Investment (SRI)

    • Background
    • SRI as a multi-trillion dollar business
    • SRI strategies
    • UN Principles for Responsible Investment
    • International guidelines
    Course summary and close

     

  • Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course.

    Our Tailored Learning Offering

    If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

    We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

  • We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

    We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

    • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
    • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
    • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
    • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
    • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product
This course can be run as an In-house or Tailored Learning programme

Instructor

  • Nicholas Krasno

    Biography

    The course instructor is a New York-based specialist with over thirty five years of experience in finance and the international capital markets. For eleven years he was Senior Vice President of Moody’s Banking & Sovereign Risk Group in New York, responsible for the transitional and emerging markets of East and South Asia, as well as institutions headquartered in the United States and European countries. Prior to his service with Moody’s, hewas a senior executive for major North American banks, with responsibilities in London, Toronto, and New York. The instructor now specialises in corporate governance, risk analysis and management, and strategic development, with a particular emphasis on advising companies and banks in transitional and emerging markets. He regularly conducts corporate governance and director accreditation workshops for company management and directors: he also undertakes corporate governance assessments and reviews, leads ‘best practices’ implementation, and conducts board evaluations for private and public companies. His recent projects have included advising central banks, stock exchanges and other regulators on the preparation and implementation of corporate governance codes and principles. Other recent projects have included building internal risk rating systems, the development of strategic plans for emerging market companies, and advising central banks in several European and Asian countries on risk-based prudential bank regulation, and Basel II & III requirements and methodologies. The instructor is well known as a challenging and entertaining presenter. He was born in England, and studied law at the University of Oxford; he now lives in New York.