Corporate Governance: Principles, Policies and Best Practices

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Why Attend

Corporate governance is a key topic that has recently started attracting more attention in business schools and among legislatures, with this trend only increasing. While there are different models for corporate governance, all of them aim at organizing the relation between company and stakeholders. Governance models start with Shareholder Wealth Maximization (SWM) that stresses owners’ rights, as applied mainly in the US and UK. Other methods of governance, applied in Germany or Japan, for example, bring other stakeholders, such as the workforce and bankers strongly into play. In addition to these models, this course also covers the reasons why board members may be one tier or two tiers and include discussions about board structure, committees, their functions and duties, the audit committee and the appointment and remuneration committee. Other topics discussed are the role of the chairman and the effect of institutional investors.

Course Methodology

The course is built on presentations by the instructor and the participants and includes exercises and case studies to be discussed in the training.

Course Objectives

By the end of the course, participants will be able to:

  • List the essential fundamentals and significance of corporate governance
  • Analyze corporate governance models and suggest improvements
  • Assess the ethical and policy considerations underpinning shareholders, Board of Directors (BOD), auditors, senior management and executives
  • Decide on the corporate governance structure that is best suitable for the business model
  • Deploy corporate governance best practices​
  • Apply disclosures and transparency requirements issued by IFRS and other authorities

Target 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, and department heads.

Target Competencies

  • Understanding board of directors structure
  • Analyzing board committees
  • Assessing board power
  • Defending shareholder rights and responsibilities
  • Employing the control environment
  • Evaluating wealth maximization
  • Identifying stakeholders rights

Location:

South Africa

Training Dates:

Each course starts every Monday of each week. Please book your training on a date that is a Monday.

Course Duration:

Unit Standard:

NQF Level:

Number of Credits:


Course Fees

Note: Please fill in the online application form on the left or bottom if this page to receive a quotation with detailed pricing from AATICD.

How to Apply:

To Apply Simply Fill in the Online Enquiries / Applications form on the Right Sidebar or Bottom of this website https://www.aaticd.co.za

NB:

When filling the online application form; please take note of your desired Training Month, Duration in Weeks and Training Session. This will give us the exact dates you will be attending your classes.

Also note that Tuition Fees must be paid upfront on or before training start date. This is to ensure that all resources are made availabe for you before you start. You will not be allowed into training if fees are not paid and verified.

Also note that Tuition Fees Cancellations must be made 14 business working days before the starting date of training. This will allow us to do a 50% refund of the total amount paid. If cancellations are made thereafter note that no refund will be made to delegates.

Tuition Fees include teas and lunch as well as either a laptop or tablet which a delegate will take home free of charge.

Tuition Fee DOES NOT include Accommodation, Dinners and other Extra Curricular Activities or Incidentals. Delegates are expected to fund this on their own. AATICD will not be held accountable for any incidents to delegates.

In-House Trainings are also available for 3 or more delegates for any duration. Please consult with our Administration for such In-House training bookings.

Course Outline

  • Overview of Corporate Governance (CG)
    • Definition of corporate governance
    • The scope of corporate governance
    • Essential corporate governance principles
    • The macro governance picture
    • Philosophies affecting corporate governance
    • CG code of conduct and global principles
  • Models and mechanism of CG
    • The Shareholder Wealth Maximization (SWM) model
    • The Corporate Wealth Maximization (CWM) model
    • International models of corporate governance
    • The board of directors
    • The audit committee
    • Environment for corporate control
  • Stakeholders in corporate governance
    • Stakeholders
    • Shareholders rights
    • Different types of directors
    • Directors’ duties and rights
    • Role of chairman and corporate officers
    • Internal auditors and external auditors
    • Institutional investors and minority stakeholders
    • Organization for Economic Cooperation and Development (OECD) view on stakeholders
    • Deloitte governance framework
    • KPMG professional judgment process
    • Risk-based decision making
    • CG failure effects
    • The efficient board
  • Functions and structures of corporate governance
    • Starting from the board of directors
    • Alternative board structures
    • Unitary and two-tier board models
    • Independence of the board
    • Selection, remuneration, and evaluation of the board
    • Analyzing the current company’s CG system
    • Planning and organizing CG objectives and resources
    • Communicating and implementing CG principles
  • Practical corporate governance best practices
    • International Corporate Governance Network (ICGN)
    • OECD corporate governance principles
  • Disclosure and transparency
    • Financial and operating results versus company objectives
    • Remuneration policy for board members and key executives
    • Related party transactions
    • Timely, accurate and cost-efficient access to information by users