About the workshop
Corporate governance is rapidly gaining the profile and prominence it deserves. Corporate governance is about how an organisation acts. It is about openness and accountability and, critically, the culture of the organisation. Equally importantly, it is the means by which an organisation sets and ensures that it meets its objectives. Effective decision making and performance management are key elements of corporate governance and form a substantial part of this workshop.
Boards give powerful examples of the way organisations respond to outside influences and internal challenges. The structures, processes and behaviours underpinning this are critical.
Many countries are developing more sophisticated capital markets and a range of industrial and commercial enterprises. Governments are developing regulatory frameworks to try to ensure that multi-national companies, state-owned enterprises and parastatal organisations act in responsible ways. Regulators insist on effective corporate governance in regulated companies.
As part of these developments, many public sector arms-length bodies and non-governmental agencies are being created. These organisations are formed to bring greater entrepreneurial skills to bear on a range of services and industries previously managed by civil servants. Political supervision is often less or different in nature in this scenario. High standards of corporate governance and effective Board leadership are central to making this change in culture effective.
Sound financial management and high standards of probity are vital to good corporate governance. This workshop will examine best financial practice and will help you to understand financial accounts and reports. The introduction of international accounting standards to the private and public sectors (International Financial Reporting Standards and International Public Sector Accounting Standards) provides a more rigorous context for financial reporting. Consequently, during the week you will examine the implications of these developments for your organisation and your own role.
Who is it for?
The workshop is aimed at people operating at or around Board level. It is highly interactive and will feature appropriate visits and case studies looking at good and bad examples of Boards in practice. Participants will be encouraged to work together on an action plan to take back to their working environment.
How participants will benefit
During the week you will explore:
- The critical elements of corporate governance
- The decision-making structures supporting corporate governance
- The processes and support mechanisms to support corporate governance
- The necessary behaviours and organisational culture
- The role of the Board and Board effectiveness
- Non-executive Board members and support and challenge
- Risk and performance
- What can go wrong: examples of corporate governance failures where the Board should have acted.