Advanced Corporate Legal Advisers and Chartered Company Secretaries
Provide guidance and advice to the Board whilst maintaining complete control of all statutory and legal aspects of the business
This course is recognised by the British Accreditation Council (BAC)
Course Code: LAW.1B
Subject: Law
Course Fee: £4500 + VAT (20%)
Overview
This programme combines the best of our corporate governance subject areas with key elements of the function of the Company Secretary and In-house Legal Department. Poor corporate governance, including weak boards of directors, overbearing Chief Executives, and group-think by external advisers, has over the years contributed to the downfall of many major companies - as was the case in Enron and WorldCom, and more recently in many international financial institutions. During the two weeks of the programme, participants will learn about the mandatory and voluntary checks and balances that should be in place in company structures to reduce the risk of catastrophic governance failure. They will draw lessons from the many examples of good and bad corporate governance practice in private sector and state owned companies. They will learn about new obligations of Corporate Social Responsibility and Strategic Risk Management that frequently sit with those senior individuals responsible for protecting the company’s reputation. Finally, delegates will take away enhanced legal skills in negotiating and structuring contracts and in dispute resolution.
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
- Company Secretaries of public companies
- 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
- Corporate lawyers who wish to improve their understanding of new company law developments concerning corporate responsibility.
- Investor Relations managers responsible for their organisation’s dealings with the finance community
Learning Objectives
By the end of the course delegates will be able to:
- Review and clarify the duties of company directors
- Compare best practice of how company boards are organised
- Describe the benefits to stakeholders of applying corporate governance principles
- Develop checks and balance that apply to the boards of listed companies
- Relate the UK Corporate Governance Code to their own environment
- Refresh the commercial skills needed by legal and regulatory executives
- Explore the importance of the Company Secretary’s role
- Negotiate more effectively
Course Content
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 (CSR)
- 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
Roles and responsibilities of company secretary
- Assisting the Board
- Record keeping
- Managing the registered office
- Supporting and managing board and company meetings
Roles and responsibilities of corporate legal department
- Typical functions
- Adding value to company performance
- Reducing corporate risk
- Measuring corporate legal performance
Resolving legal disputes
- Litigation
- Principles of Arbitration
- Non-binding dispute resolution methods
- Mediation
- Conciliation
Negotiating, drafting and structuring legal agreements
- Contract law refresher
- Drafting legal agreements
- Negotiation principles
- Tools and techniques for negotiation
- What are our negotiable?
- BATNA
Testimonials
The content of the course on all days was very good. I particularly benefitted from LCTs use of two consultants throughout the week. It was great to have different perspectives and it kept the training fresh and interesting. Furthermore, the consultants were excellent at training being both knowledgeable and clear. Finally, I would like to say that I was impressed with LCT for delivering a personalised service. Everyone knew me by name and were extremely helpful and friendly. I hope to return to LCT in the future.
Operations Manager
Ofgem, United Kingdom
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