JSE 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 Cherrington, IoDSA Chief Executive 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 AltXdirectors 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

Full-Time: 4 Compulsory Full Days split into 2 workshop blocks

Module 1 - Day 1

Key focus areas

Introduction to Corporate Governance

  • Overview and evolution of corporate governance
  • Corporate Governance and Ethics
  • The business case for Corporate Governance
  • Governance frameworks
  • Governing body members and their duties

Governance Framework and Models

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

Director Duties

  • Directors and their duties
  • Fiduciary duties, duty of care and skill
  • Business judgment rule
  • Conflicts of interest
  • Liability and assurance
  • Delinquency and probation
  • What to consider before accepting directorship
  • Dissenting directors
  • Directors self-assessment

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 the 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
  • Structure and authority of the JSE
  • Conditions for listing and retention of listing on the Alternative Exchange (AltX)
  • Cautionary announcements, price sensitive information (PSI) & confidentiality & disclosure obligations
  • Directors’ dealings / transactions in securities-Trading statements
  • Financial disclosure requirements
  • Methods of listing additional shares for already listed issuers
  • Share repurchases
  • Transactions
  • Related party transactions
  • The basics of fundamental transactions, take over and mergers

Market abuse, trading and the role of the broker

  • The trading environment
  • Trading rules
  • Market abuse
  • Insider trading – who is an inside
  • Offenses, defences and penalties
  • The JSE’s regulatory capacity
  • Case studies and examples

 

Module 3 - Day 3

Key focus areas

The Governing body’s role in risk, compliance, technology and information and assurance

      Risk

  • What is risk and the board’s role therein
  • King IV and Companies Act
  • Roleplayers
  • Risk appetite and tolerance
  • Risk models
  • Risk assessment
  • Categories of risk
  • Challenges in risk management
  • Risk monitoring tolls
  • Risk process
  • Risk disclosure

      Compliance

  • Understanding the board’s role in compliance

     Technology & information

  • Understanding the board’s role in Technology and Information Assurance

     Assurance

  • Understanding the board’s role in assurance

 

Module 4 - Day 4

Key focus areas

The role of a
governing body

  • Corporate governance blueprint
  • Governance and organisation’s life cycle
  • Primary role of the governing body
  • Governance/business life cycle
  • Challenges experienced by governing body
  • Governance tools
  • Characteristics of effective governing bodies

Selection, removal and remuneration of members

  • Composition of governing body
  • Appointing of NED’s
  • Selection process
  • Succession planning
  • Characteristics of good directors
  • Induction and ongoing training
  • Removal of directors
  • Remuneration of GB members

Meetings of the
governing body

  • Agenda compilation
  • Characteristics of effective meetings

Committees of the governing body

  • Typical GB committees
  • Membership of committees
  • Chairing GB committees
  • Committee roles and responsibilities

Evaluation of the performance of the governing body

  • Performance evaluations
  • Benefits of GB appraisals
  • Formal evaluation options

Delegation to management

  • King IV on delegation to management

Programme Facilitators

Joe Lesejane


Marian Gaylard


Sikkie Kajee
 

Programme Fees ( Excludes VAT)

Fellow Member: R 7 933.28
Subscription Paying Member: R 9 519.93
Other: R 11 899.92

Includes: Course Material, Refreshments & Lunch

 

Terms & Conditions

Item Name Posted By Date Posted
IoDSA Full Terns & Conditions PDF (967.13 KB) Administration 2018/10/01