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Advanced Corporate Governance for Financial Institutions

Course Information:

Online £2,500.00 20 hrsFlexible
In-House Agreed with client FlexiblePOA
London 10 days 14-Mar£5,900.00
London 10 days 11-Jul£5,900.00
London 10 days 7-Nov£5900.00


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    LCT 2022 Brochure
    LCT 2022 Brochure

    Who should attend?

    • Managers and executives who want a deep appreciation of the critical role of corporate governance
    • Regulators who are developing and implementing codes and standards
    • Board members who have clear responsibilities and obligations which they need to understand and exercise
    • Audit committee, nominations committee and other committee members who need to explore their roles and purposes
    • Company secretaries who have specific governance responsibilities
    • Aspiring Board members who want to quickly increase their knowledge
    • Senior staff who support the Board and its committees
    • Internal auditors who will be verifying internal controls
    • Other stakeholders and investors who need to monitor and challenge the application of standards
    • In-house lawyers who have responsibilities for guidance and interpretation



    • Understand corporate governance of the international financial sector
    • Develop and apply local codes to their own environment
    • Understand the applicability of their own existing practices and structures in comparison with growing international best practice
    • Appreciate the inter-dependence of Governance, Risk management & Compliance (GRC)
    • Evaluate the key features of enterprise risk management
    • Develop procedures and internal controls relevant to financial sector institutions
    • Understand the triple-bottom line of corporate social responsibility
    • Develop best practice in compensation and remuneration


    The World of Corporate Governance Today

    • International events leading to governance reform
    • Purpose and objectives of governance including agency risk and moral hazard
    • US Sarbanes Oxley Act style legislation vs. UK-style voluntary code: focusing where possible on participants’ countries
    • Standards-driving bodies and evolving principles
    • Formative regulatory bodies including OECD, Basel Committee, SECs and CMAs, Central Banks

    Main Components and Principles

      Eight principles which underpin every system of governance:

    • OECD Code core conceptsand guidance
    • Listing requirements and continuous obligations
    • Corporate Governance in the financial sector – raising the bar – what is special about banks and bank governance?
    • Basel Committee’s guidance on enhancing corporate governance for the banking sector
    • Review of European Union’s approach to Corporate Governance in Financial Institutions

    The Governing Body

    • What does a “Good” financial institution look like
    • Alternative board structures – dual and unitary boards
    • Different types of board members: their roles and responsibilities, including the Secretary to the Board
    • The growing importance of the INED
    • The vital role of Board Committees in the new era of governance, including the audit committee, nominations & remuneration committee and the risk committee

    Corporate Governance, Risk Management and Compliance (GRC) in Financial Institutions

    • The growth and linkage of these three topics in finance
    • The main components of Enterprise Risk Management (ERM)
    • The central role of internal controls and linkage to ERM
    • Best practice compensation principles and standards
    • Shareholders, depositors and other stakeholders need for disclosure and transparency

    Corporate Social Responsibility (CSR)

    • Defining CSR
    • The link between CSR and Corporate Governance
    • CSR – economic, legal, ethical and discretionary aspects
    • CSR and financial institutions – is it just a public relations exercise?
    • Where does the regulator fit in?
    • The course will end with a multi-choice questionnaire to assess the level of knowledge gained and to fresh and assist the retention of new information

    Main Components and Principles of Internal Controls

    • The definition and purpose of internal controls
    • The five components of the original COSO internal controls framework
    • Integration of the original COSO control framework into COSO Enterprise Risk Management framework (ERM)
    • Linking COBIT to COSO – Information technology framework and internal controls

    Financial Sector Regulators and Internal Controls

    • The three categories of objectives for internal controls
    • COSO internal controls framework – the expanded 2013 revision
    • The new seventeen principles – practical application to provide comprehensive controls
    • The strong link between Basel II operational risk management and COSO
    • Inherent limitations of internal controls

    The Control Environment

    • The vital first step – establishing the management tone at the top and an institution-wide code of conduct reflecting integrity and ethical values
    • Board and management’s delegation of authority
    • Commitment to competence – attracting, developing and retaining the right human resources
    • Performance measures, incentives and rewards

    Types of Internal Controls

    • Risk appetite and strategy established by the Board and risk response strategies
    • Control activities, internal controls, responsibilities and uses through the eyes of different stakeholders
    • Inherent and residual risks
    • Reporting and assurance

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