CORPORATE GOVERNANCE, BUSINESS ETHICS AND SOCIAL RESPONSIBILITY

Live-Online Training: N250,000
Classroom Training: N350,000
3 - 4 participants: 5% discount
5 or more participants: 10% discount

(Available also for Customised Training by Duration, Venue & Fee)

Executive Summary

Corporate Governance, (rules, regulations, legislations and principles) that helps an organization operate, has more or less been well defined and structured.

Corporate governance has recently been gaining attention because of the scope and bearing of public and private sector activities on the general public.

We need to ensure probity, efficiency and quality of products and public service, which determine the citizens quality of life. This conforms with corporate governance which is important for companies to scale up and for large ones to garner the interests of investors.

Nowadays, both the private and the public sectors face a high risk of corruption, fraudulent and unethical practices, dissatisfaction and lack of alignment of employees, disagreements and lack of interests by management committees, etc., poor corporate governance could affect a state or organisation’s credibility, integrity and, in turn, its financial health and stability.

Course Highlights:

The prime objective of this course is to deliver an in-depth understanding of Corporate Governance, including:

·        All spheres of management – action plans, internal controls, policies and procedures to protect against fraud and misconduct and non-performance

·        Governance for quality delivery and disclosures for transparency so as to build trust and credibility

·        Prevailing issues and their possible solutions

·        Knowledge of how to balance between financial optimisation, public interests and well-being of public life

·        Exposure and experience to manage the shift from old administration methods to new corporate techniques and best practices

·        Perspective to devise and implement strategies for long-term success and sustainability

·        Comprehension of the essentials to build an effective structural framework for accountability and ownership among stakeholders

·        The required skill enhancement and know how to become a more effective and efficient professional

·        Experience and perspective to better manage conflicts.

Course Contents

DAY ONE

Corporate Governance in the Public Service

·        Overview of Corporate Governance

·        Importance of Corporate Governance

·        Impact of good Corporate Governance on society and the economy

Role of Board Members in Corporate Governance

·         Types of Boards of organisations – representational, hands-on,

·         etc.

·         Duties of the Board – legal, strategic, fiduciary, oversight, etc.

·         Individual Director responsibilities – care, loyalty, obedience, etc.

·         Characteristics of an effective Board

·         Management of Board responsibilities in case of mergers and acquisitions

DAY TWO

Other Roles for Corporate Governance

·         Investors

·         Chief Executive Officers

·         Employees

·         Auditors/Compliance agencies

·         HR professionals

·         Legal professionals

·         Society

DAY THREE

Challenges in Corporate Governance and ways to address them

·         Ethical issues

·         Internal and external pressure

·         Risk management and mitigation

·         Inaccurate data reporting and disclosures

Corruption – the most challenging of all issues

·         Scope of corruption in the Public Services

·         Types of corruption

·         Ways to prevent corruption

·         Laws against corruption

·         Setting up an institutional framework against corruption

DAY FOUR

Mandates for Effective Corporate Governance

·         Importance of Audits – How, why and when to conduct

·         Data – How to derive, interpret, manage and implement

·         Budgets – how to utilise budgets effectively

·         Media – How to use media to advocate value-driven governance

Soft skills for Corporate Governance

·         Building accountability and responsibility

·         Maintaining transparency and openness

·         Maintaining ethics and a value-driven work culture

·         Fostering decentralisation and devolution

DAY FIVE

Legal and other Regulatory Foundations

·         Compliance – what and why

·         Understanding national and international regulatory and legislative frameworks

·         Understanding regulations across various sectors

·         Managing public grievance for purposes of redress.