This program has to do with the principles of as well as ideal methods in corporate administration in addition to the applicable devices on exactly how to instil good administration. The structure of the entire program presents an introduction to the board of directors' role and the significance of excellent company administration.

Important note; Site-visit will be used for the Municipality or significant firm of the pertinent market in London or Istanbul.

Program Review of Board Members & Corporate Directors

Great business administration aids businesses to enhance performance, increase access to funds, as well as foster continual growth. The program will certainly focus on the one-of-a-kind company governance difficulties that businesses deal with as well as present structures as well as practices that can minimize these obstacles as well as make sure the stability of the business. It exceeds fundamental theories as well as gives concise and practical devices of essential business governance measurements that can be implemented.

You will certainly undergo the concepts of business governance and also train them on the board's function in details disclosure as well as openness, the principle of Venture Threat Monitoring (ERM), the role and value of internal/external audit, as well as just how to establish the proper control treatments.

You will likewise go over the concepts of company governance as well as train them on the board's function in safeguarding the legal rights of shareholders, exactly how to detect and authorize relevant celebration deals to secure shareholder legal rights and lessen the risk of having such purchases appealed, as well as to provide directors with practical advice on just how to set a design returns policy, plan for and perform the yearly investor's conference, as well as settling corporate problems.

Program Goals of Board Members & Corporate Supervisors

Come To Be a Qualified Board Participant

Build a dedication to great administration as well as show a clear concentration on effective structures and procedures for accomplishing the benefits of corporate administration

Obtain an understanding about a board's framework & operation to develop an experienced and also efficient board

Gain management control to accomplish interior control, monitoring of danger, as well as the integrity of financial details

Discover principles of disclosure & transparency to connect precise and workable info equally to investors & stakeholders (including regulators).

Take on shareholder methods consisting of the equal treatment of all shareholders, and defence from misuse from company insiders.

Day 1
The rationale for good corporate governance & best practices

• Definition, concept, and principles of corporate governance

• The corporate governance framework

• The key dimensions of corporate governance

• Benefits of good governance and investor perspective

The effective board: role and authorities, duties and liabilities

• Realize the segregation of duties between the Board and senior management

• Understand the roles of the executive vs non-executive directors

• Identify the pros and cons of executive vs non-executive chairmen

The board composition, structure, and need for independent directors

• Overall Board structure

• Structuring Board committees

• Structuring the functions of the CEO / Chairman

• Finding the right number of directors

• Determining the right mix-of-skills

• Role of Non-Executive and Independent Directors – Higgs Report

• Recognize the role of directors based on the type of Boards they serve

• Identify the right committees for the Board

• Realize the roles segregation of the Chairman and the CEO

• Determine the right number of directors, mix-of-skills, and mix of executive, non-executive, and independent members

Day 2
Executive and non-executive evaluation and remuneration

• How to attract, retain and motivate directors and chief officers

• How to assess and evaluate the performance of the Board

• Executive remuneration and linking remuneration to performance

• How to set Board remuneration

• Realize the importance of the Board’s performance evaluation

• Understand the director remuneration models and adequately structure executive remuneration package in your company

Working procedures of the board and its committees, and the role of the corporate secretary

• Preparing for Board meetings

• Quorum requirements

• Working procedures

• Voting

• Role of a corporate secretary

• Qualification requirements

• Realize the benefits when the Board follows a set of working procedures

• Recognize that the Board’s agenda is perhaps the key in controlling the workings of the Board

• Comprehend the decision-making process at the Board level and the link to the quality of information flows

The role of the board in setting the company’s strategy

• Different types of strategy

• The Board’s role in strategic management

• Corporate Strategy: Tasks and Roles

• Board/Management Dynamics

• The strategic decision-making process

• Strategic planning and corporate governance

• Contribute to the development of your company’s strategy

• Evaluate the contribution of your Board to the development of your company’s strategy

• Understand best practices in setting the strategy in emerging markets

• Acknowledge the Board/Management Dynamics: Impediments to Effective Strategy Development

Choosing and evaluating the CEO

• Preparations for CEO Hiring

• Defining Board vs. CEO Roles

• Board’s expectations vs. the CEO

• The CEO’s terms of reference

• CEO Hiring Process

• CEO Performance Evaluation

• Spend time to be specific about mutual expectations increases the chances of selecting the best candidate

Day 3
A guide to succession planning

• Concept and need for succession planning

• How is key positions’ succession planning organized

• Role of the Board in succession planning

• A framework for succession planning

• Defining parties that should have access in the succession planning

• Succession planning pitfalls

• Make use of best practices as they can be found at other companies

What every director needs to know about accounting and finance

• Accounting concepts and how they affect the understanding of accounting information

• Summarizing the financial position and performance of the company

• Disclosures under IFRS

• Understand the types of financial statements

• Grasp insights about key financial areas that need attention

• Be able to ask the right financial questions

• Exercise reasonable and informed oversight over financial performance

The board’s role in information disclosure and transparency

• Introduction to disclosure and transparency

• Why, what, and how to disclose information?

• What is the role of the board versus the role of management in disclosure?

• Means of disclosure

• Best practices in disclosure

• Understand what information, where, when, and in which form shall be disclosed

• Define the information that your company is willing to disclose in addition to the one legally required in accordance with best practices

The board and risk management

• Introduction to the risk management framework

• Role of the board in risk management

• Risk governance and the 3 lines of defense framework

• Embedding risk management in the organization

• Role of the chief risk officer

• Risk and control self-assessment

• Understand the benefits of a good ERM system

• Be able to build the ERM system in your company

Day 4
Establishing internal audit and control procedures

• Introduction to the internal audit function

• The internal audit cycle

• Responsibilities of the compliance function

• Understand how internal audit and control procedures contribute to corporate governance

• Recognize the importance of robust internal audit

• Identify its focus and approach

• Appreciate the importance of resolving audit issues

The board’s audit committee

• Introduction to the audit committee & its composition

• Roles and responsibilities of the audit committee

• Implementation: building an effective audit committee

• Establishing audit committee interactions

• Introduce and properly staff the audit committee of your company

• Assign to the audit committee relevant functions to avoid duplication with other control bodies

How to interact with the external auditor

• Why conduct an external audit

• External auditor’s independence

• Non-audit services

• Interaction between the AC and the external auditor

• Questions the AC can ask the external auditor

• Understand the role of the external audit for the company

• Interact with the external auditor in such a way as to ensure the effectiveness of the external audit

Case study: developing a model annual report

Preparing for and conducting the annual general meetings

• General provisions on the AGM

• Preparation for the AGM

• Conducting the AGM

• Cumulative voting

• Ensure that the AGM is prepared in accordance with the requirements of best practices and local laws to enable all shareholders to participate in the meeting

• Minimize that the AGM approved decisions are appealed

Day 5
The board’s role in protecting shareholder rights

• Types of shareholder rights

• Shareholder rights under the OECD Principles of Corporate Governance

• Specific shareholder rights

• Pre-emptive rights

• Tag-along rights

• Understand why protection of shareholder rights is important

• Ensure that your company practices do not violate shareholder rights

Related party transactions and insider trading

• What are related party transactions?

• What are the concerns to corporate governance?

• What should be disclosed about RPTs in the financial statements?

• Understand the implications that related party transactions may have on the company and shareholder rights

• Detect and properly approve such transactions in your company

• Recognize what is insider trading and putting the necessary policy in place

Managing corporate conflicts

• Corporate conflicts: concepts and key procedures

• Arbitration & Mediation

• Understand the advantages and disadvantages of possible internal and external mechanisms of corporate conflict resolution

• Ensure that the internal mechanism of conflict resolution in your company function properly to minimize the risk of external intervention

The board’s role in setting the company’s dividend policy

• Defining the dividend policy

• Dividend formation and types

• Pros and cons of dividends policy

• Provisions on dividends and dividend policy

• Understand the main principles and components of the company’s dividend policy according to best practices

• Ensure that the dividend policy of your company is in the best interest of the company and its shareholders

 

Open discussion and Q&A session

Important note; Site-visit will be offered to the Municipality or major company of the relevant sector in London or Istanbul.