Advanced Strategic Corporate Governance

Why select this training course?

Advanced training in corporate governance ensures that companies are strategic about meeting their obligations and meeting up with targets. The Advanced Strategic Corporate Governance Training Course by Rcademy aims to improve the basic knowledge of organizational governance and ensure that companies do not go off track during their day-to-day activities. Rcademy has put together this full course to help build the corporate organization’s directors and management capacity. This focuses on the technical needs of these categories of people and other personnel that run the affairs or operations of corporate bodies.

What is corporate governance?

Corporate governance refers to the underlying decency of how board members of an organization set their priorities, control interests, set and strategize on goals, improve practices, and manage employees, consumers, and other stakeholders. The concept of Corporate governance gives the leadership of an organization the foundation needed to ensure that the organization’s objectives are met.

What is corporate governance in strategic management?

Corporate Governance in Strategic Management refers to defined and established policies, rules and regulations that guide the operation and functionality of a company. Specifically, it deals with the conception, planning and execution of strategies that advance the company’s goals.

Who should attend?

The Advanced Strategic Corporate Governance Training Course by Rcademy will address many salient issues needed for effective workplace leadership and human and material resources management. The course has been designed to equip and develop the leadership capacity of personnel. This training course is most suitable for the following people:

• Organizational chairs, chief executives, company secretaries, and other organizational heads
• Chairs, committee chairs
• Board members, committee members
• Board secretaries
• Risk/compliance management function officers
• Strategic planning officers/professionals
• Corporate Governance officers/professionals
• Corporate affairs legal professionals
• Internal audit function and internal control function professionals
• Corporate investment professionals, practitioners, and managers, as well as leaders in state-owned companies, public, voluntary, and not-for-profit organizations

What are the course objectives?

The Advanced Strategic Corporate Governance Training Course by Rcademy has been designed to:

• Recognize the essential principles of Corporate governance, including the role of the board of directors
• Appreciate the benefits of board diversity, including gender, racial, and functional diversity
• Describe the legal responsibilities of the organization’s leadership
• Recognize the characteristics of a dysfunctional board of directors
• Justify the qualifications and abilities required for important board posts, including the chairman, corporate secretary, and non-executive directors
• Understand risk management and the importance of board effectiveness in decision making
• Demonstrate how Corporate governance may work in a variety of different sorts of businesses, including ones controlled by the government
• Recognize developing trends in Corporate governance, such as environmental, social, and governance (ESG) challenges and climate change
• Utilize the knowledge and skills gained during the course to implement an action plan
• Investigate the process of developing and implementing a corporate strategy
• Consider how to implement complete governance, assurance, and control strategy inside your firm
• Explore the organization’s integrated model of governance disclosures and reporting
• Learn about the industry’s standard Corporate Governance codes and their guiding concepts
• Acquire a working knowledge of board evaluation, governance measurement, and benchmarking

How will this course be presented?

The course will be presented using innovative and effective teaching methodologies. The course content is presented to enable maximum learners’ interactions with the topics being taught. In addition, examples and scenarios relevant to each topic being taught are explored to make it more relatable to the participants.

Rcademy employs the services of experts and professionals in Corporate governance to deliver the course content. The learning outcomes emphasize ensuring that the knowledge is easily retained and can be transferred into skills to be used in the day-to-day operations of the learners in implementing strategic action plans in the organization.

What are the topics covered in this course?

Module 1: Introduction to Advanced Corporate Governance  

• Definition of Corporate Governance
  – Advancement
  – Implementation
• Sources of Corporate Governance
  – Legislation
  – Statutory law
  – International conventions
  – Codes of conduct
  – Best practices
• Evolution of Corporate Governance
  – Local context
  – Country, Region and International
• Principles of Corporate Governance
  – Corporate governance in the Commonwealth (CACG)
  – Organisation for Economic Cooperation and Development (OECD)
  – Institute of Chartered Secretaries and Administrators

Module 2: Approaches to Corporate Governance  

• Value Approach
  – Stakeholder value approach
  – Shareholder value approach
• Enlightened/advanced shareholder value approach
• Integrated Approach
• Selection of Approach
  – Ideal Approach
  – Organisation’s context

Module 3: Components of Corporate Governance 

• Core components
  – Transparency
  – Accountability
  – Responsibility
  – Openness
  – Honesty
  – Fairness
• Practices of Corporate Governance
  – Stakeholder interaction
  – Stakeholder engagement
  – Organisation reputation
  – Board commitment
  – Environment
  – Ethics

Module 4: Corporate Governance Entities  

• Components of governance entities
• Directors
  – Types of directors
  – Responsibilities and duties
  – Selection, training and removal
  – Remuneration
  – Consequences of decision making
• Board
  – Composition of board
  – Inclusion and diversity
  – Role of board committees
  – Role of Chairman
  – Role of secretary
• Shareholders
  – Duties
  – Rights
• Stakeholders
  – Customers
  – Employees
  – Investment institutions
  – General public
  – Corporate Social Responsibility (CSR)

Module 5: Risk in Governance     

• Introduction to risk
  – Definition of risk
  – Types of risk
  – Risk identification
• Risk management
• Risk prevention
• Risk mitigation
  – Internal control systems
• Risk auditor and compliance officer
• Auditor independence

Module 6: Corporate Information and Communication 

• Introduction to Information and Communication in Corporate Governance
• Governance of information technology
  – Gadgets
  – Enhanced communication devices
• Communication
  – Communication style
  – Tone
  – Communication channels
  – Policies and guidebook
  – Sanctions
• Financial Reporting
  – Integrity
  – Financial statements
  – Audit report
  – Annual report
• Communication with stakeholders

Module 7: Corporate Governance Compliance and Enforcement  

• Corporate laws
  – Codes
  – Rules
  – Standards
• Governance compliance
  – Guiding principles
  – Compliance framework
  – Adherence
  – Applicable laws
• Emerging governance practices

Module 8: Regulation and Control of Corporate Behaviour   

• Acceptable corporate behaviors
• Non-acceptable corporate behaviors
• Mechanism of control
  – Reward mechanism
  – Disciplinary measures
• Conflicts
  – Conflict of interest
  –  Handling conflicts
  –  Conflict management
• Control mechanism
  – Human resources management
  – Internal audit
  -­ External audit
• Regulatory control

Module 9: Corporate Governance Models 

• Overview of governance models
  – Listed companies
  – Unlisted companies
  – Government institutions
  – Independent bodies
• Corporate governance standard codes
• Governance metrics and benchmarking
• Board evaluation
• Challenges of Corporate Governance