Course Code: AM.4A
Subject: Advanced Management
Course Fee: £2750 + VAT (20%)
Large and well managed companies can create enormous value for their shareholders and for other stakeholders. But from time to time a major corporate failure reminds us that organisational discipline cannot be taken for granted. Over the last 20 years companies such as Enron, WorldCom, Madoff and Polly Peck have grabbed the headlines when self-generated catastrophe has struck. In many cases the shareholders lost their investment. Employees lost their jobs and their pensions. Professional advisers lost their reputations. And some company leaders went to prison. A lack of corporate governance, including weak boards of directors, overbearing Chief Executives, and group-think by advisers, contributed to the downfall of these companies. This dynamic five day training programme will pull together some of the common themes around corporate governance and draw lessons from the many examples. It will look at the need for the checks and balances in company structures. The course has a major focus on how boards of directors should function and looks at regulatory and voluntary means of holding directors to account. Delegates from state-owned enterprises as well as those in the private sector will gain value from time spent on this programme.
Who should attend?
- Company Executive and Non- Executive Directors
- Shareholder representatives
- Pension and Investment Fund Managers
- Public officials in a regulatory, supervisory or compliance functions
- Executives involved in strategic and operational functions, including finance, corporate strategy, human resources, and government affairs.
- Senior managers involved in setting up corporate governance initiatives
- Investor Relations managers responsible for their organisation’s dealings with the finance community
- To familiarise participants with the duties of company directors
- To examine how company boards organise themselves
- To alert attendees to the underlying issues which led to the creation of corporate governance as a discipline
- To highlight the checks and balance that apply to the boards of listed companies
- To study the framework of governance rules that has been created by the UK Corporate Governance Code
What is Corporate Governance?
- Essential structures of corporate governance
- Principle functions and responsibilities of the Board
- Setting the company strategic direction
- Establishing corporate values
- Holding the executives to account
- Maintaining the corporate reputation
Company Directors and Company Boards
- Duties of a Director
- Promoting the success of the company
- Role of the chairman
- Executive and Non-executive directors
- Making a difference using non-executive directors
Corporate Failure Resulting from Poor Governance
- The ineffective board
- Examples of corporate failure: Maxwell, Polly Peck, Enron, Worldcom
- Analysis of the banking crisis as a failure of governance
- Sarbanes-Oxley and other regulatory responses to corporate governance failure
- Lessons learned from corporate failures
Protecting Shareholders and Other Stakeholders
- The UK Corporate Governance Code
- The Comply or Explain rule
- How to protect the shareholder?
- Communicating with the shareholder
- A Legal framework for corporate governance
Corporate Social Responsibility
- The pressure for corporate behaviour change
- The Legal Background of CSR
- Company directors’ obligations and CSR
- Voluntary measures
- Is CSR “Just Public Relations”?
- CSR and corporate governance links