Overview

This one day programme is aimed at equipping aspiring and new directors with an overview of the principles and concepts underpinning corporate governance. Discussions are focused on the importance of corporate governance in South African businesses, the frameworks and models that can be used to implement the practices and the duties and responsibilities of directors in executing sound governance practice.

Key focus areas

•  Overview and evolution of corporate governance

•  The business case for corporate governance

•  Governance frameworks and model

•  Individual directors duties

•  Key corporate governance role players 

Overview

This one day programme is aimed at equipping aspiring and new directors with insight into the board’s role in risk and strategy. Discussion focuses on the risk that board’s need to understand and manage. It also looks at different business strategy models that can be used in strategic development and alignment of performance to strategies and risks within that business.

Key focus areas 

The board’s role in risk 

• What is risk and what is the board’s role?
• Understanding the difference between risk governance and risk management
• Risk management process including risk assessment, response, monitoring, assurance and reporting 

The board’s role in strategy 

• Is the business model still relevant and in line with the business strategy?
• What is strategy and what is the board’s role?
• Strategic process
• Building blocks of strategy
• Competitive advantage
• Key drivers to strategy
• Trends to consider (environmental scan)
• Linking strategy to performance

Overview

Key Focus Areas

Boards role in performance and sustainability

• What is sustainability and what is the boards’ role?
• How performance is evaluated – financial and non-financial?
• The business case for sustainability, best practice
• Corporate citizenship
• The role of the social and ethics committee
• Stakeholder relations
• Integrated reporting
• What is integrated reporting and what is the board’s role?

Combined assurance

• Management
• Management supporting the board
• Interaction between management and board
• Reporting requirements
  
  
  
  
  
  

Key Focus Areas 

An effective board

• Board governance frameworks-charters, codes, policies
• What are the questions board should be asking themselves?
  
  

 The role of the board of directors

• The board as agent
• Managing  vs directing Governance duties – King III principles

Director selection and removal

• The process for director selection & The importance of succession planning
• Balance on the board
• Directors remuneration
• Coordinating the roles and responsibilities of board committees  
  
  

Board appraisals

• The requirements, benefits and process for doing board appraisals
•  Acton items from results of board appraisals

IoDSA Member:

R 14 557 

Non Member:

R 18 196

Fellow Member

R  12 131