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AltX Director Induction Programme

           

                                                                                       



Overview 

The AltX DIP is a compulsory education programme for all executive and non executive directors of companies listed or due to list on the alternative exchange.

"The agreement between the IoDSA as the professional body for directors and the JSE as regulator, aims for us to work together to enhance the knowledge of directors so that they are better able to discharge their duties. This is to the benefit of business and the economy of South Africa," says Angela Oosthuizen, IoDSA Chief Operating Officer.

The effective combination of knowledge, skills and experience is what defines the behaviour of a director as competent. The aim of the AltX Director Induction Programme is to provide and/or reinforce a fundamental base
of
knowledge to AltX directors in an effort to enhance competence.

The AltX programme will address aspects of directorship and listing requirements and is designed to meet the existing and emerging needs of directors. Through case studies, facilitator knowledge and experience as well as group discussion, the programme is interactive and provides delegates with practical tools for immediate implementation. 

Participants will be required to attend all compulsory workshop sessions in order to receive the IoDSA/JSE AltX programme certificate of completion. 

 

Duration

  • Full-Time: 4 Compulsory Full Days split into 2 workshop blocks, speak to programme manager for a full agenda
  • One elective module - Finance for Directors - separate full day session not included in the programme outline below.

Modules and Focus Areas 

Module 1 - Day 1

Key focus areas

Overview: The business case for Corporate Governance

  • Principled based governance
  • Why is corporate governance vital to South Africa
  • The value of governance
  • Barriers to good governance

Governance Framework and Models

  • Governance regulatory frameworks including King III
  • Types of governance models with international reference
  • Integrated approach
  • Stakeholder inclusive model

Directors Duties

  • The responsibilities of individual directors
  • Definition of Exec, NED, INED, ex officio, advisors
  • Fiduciary duties and duty of care and skill
  • How to manage conflicts of interests
  • Directors personal liability
  • The business judgement rule
  • What to consider before accepting directorship
  • Dissenting directors
  • Representative directors

Key Corporate Governance Role Players

  • Board structures
  • The role of the chairman
  • The role of the CEO
  • The role of the company secretary
  • The role of non-executive directors
  • The role of shareholders
  • The role of investors (CRISA)

Module 2 - Day 2

Key focus areas

JSE Listing requirements and take over law

  • To ensure knowledge of and compliance with JSE list requirements

The Boards Role in Risk

  • What is risk and what is the boards role therein
  • Understanding the difference between risk governance and risk management
  • The risk management process including assessment, response, monitoring, assurance, reporting
  • Common problems re risk and how these can be addressed
  • Common categories of risk
  • Generic risk strategies
  • Role of the risk committee

Module 3 - Day 3

Key focus areas

 

Market Abuse, Trading and the role of the Broker

 

  • The trading environment
  • Trading rules
  • Market abuse
  • Insider trading - who is an insider
  • Offences, defenses and penalties
  • The JSE's regulatory capacity
  • Case studies and examples

Module 4 - Day 4

Key focus areas

Integrated Reporting and Combined Assurance

  • What is integrated reporting and what is the board role therein
  • Internal assurance providers
  • External assurance providers

 

Director selection and removal

  • The process for director selection
  • The importance of succession planning
  • Balance on the board
  • Characteristics of good directors
  • Induction and ongoing training
  • Directors remuneration
  • Removal of directors

Effective meetings

  • The importance of well structured board agendas
  • Characteristics of effective meetings
  • Common meeting problems

Board Committees

  • The role and mandate of board committees
  • The benefits of having board committees
  • The typical board committees

Elective Module 

Financial insights for non-financial directotrs

  • Your responsibility as a director with regard to the financial statements.
  • The conceptual framework – 
  • Objectives / Assumptions / Characteristics
  • Elements of financial statements
  • Understanding the various components of financial statements, namely the income statement, balance sheet, cash flow statement accounting policy and other notes.
  • The requirements of certain accounting standards that directors should be aware of.
  • Ratio analysis –
  • Who to relate the various components of the financial statements with each other.
  • Interpretation of financial ratios through a case study. 

Presentation Fees 

IoDSA Fellows:

IoDSA Members:

R   8 282 

R   9 938

Non Members: R  12 423

 

Includes:  VAT, refreshments, lunch, course material  


 Request as an In-House programme

  *For more than 8+ delegates

Booking Terms and Conditions

Item Name Posted By Date Posted
Booking Terms and Conditions PDF (204.21 KB) Administration 2016-01-27
NPO's Terms & Conditions PDF (240.49 KB) Administration 2015-10-21
Being a Director Package Deal Terms & Conditions PDF (201.87 KB) Administration 2015-07-21
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