Corporate Governance: Principles, Policies and Best Practices
Course Overview
Course Objectives
- Understand the foundations, principles, and global models of corporate governance.
- Compare governance frameworks across different regions, including shareholder-focused and stakeholder-inclusive systems.
- Analyze the rationale and functions of single-tier and dual-tier board structures.
- Identify the roles and responsibilities of boards, audit committees, and remuneration committees.
- Recognize the influence of institutional investors and the chairman’s role in effective governance.
- Apply best practices, policies, and frameworks to strengthen organizational governance and accountability.
Course Audience
- Board Members.
- Chief Financial Officers.
- Senior Management.
- Directors.
- Finance Managers.
- Financial Controllers.
- Accounting and Finance Personnel.
- Legal Counsel.
- Corporate Legal Advisors.
- Corporate Secretaries.
- Lawyers.
- External and Internal Auditors.
- HR Managers.
- Department Heads.
Course Methodology
Course Outline
Day 1: Foundations of Corporate Governance
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Definition, scope, and applications of corporate governance.
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Key principles, philosophies, and universal standards.
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Codes of conduct and governance policies.
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Macro-level influences shaping governance frameworks.
Day 2: Governance Models and Mechanisms
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Shareholder Wealth Maximization (SWM) vs. Corporate Wealth Maximization (CWM).
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International perspectives on governance frameworks.
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Functions of boards of directors and audit committees.
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Mechanisms supporting effective corporate control.
Day 3: Stakeholders and Roles in Governance
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Identifying and categorizing stakeholders.
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Shareholder rights and adjudication.
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Roles of directors, chairmen, corporate officers, and auditors.
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Institutional investors, minority shareholders, and OECD guidelines.
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Governance failures and risk-based decision-making.
Day 4: Board Structures, Functions, and Accountability
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Unitary vs. two-tier board systems.
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Board independence, selection, and evaluation.
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Compensation and accountability mechanisms.
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Disseminating governance objectives within the organization.
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Critiquing governance systems in practice.
Day 5: Best Practices, Disclosure, and Transparency
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Insights from the International Corporate Governance Network (ICGN).
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Applying OECD corporate governance principles.
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Transparency in related-party transactions.
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Guidelines for board and executive remuneration.
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Financial and operational reporting for governance transparency.