Course Details

Empowering Board Excellence: The Role of the Board of Directors Training Course

INTRODUCTION

The Board of Directors is the linchpin of corporate governance, providing strategic direction, oversight, and accountability. This comprehensive training course demystifies the complexities of board roles and responsibilities, empowering participants to become effective and impactful directors. Learn to navigate board dynamics, understand legal and ethical obligations, and contribute to organizational success.

DURATION

5 days

TARGET AUDIENCE

This course is designed for:

• Current Board Members: Seeking to enhance their effectiveness and knowledge.
• Aspiring Board Members: Preparing for future board positions.
• CEOs and Senior Executives: Working closely with boards and understanding their functions.
• Corporate Secretaries and Governance Professionals: Supporting board operations and compliance.
• Investors and Stakeholders: Seeking to understand board roles and performance.
• Legal Professionals: Specializing in corporate law and governance.
• Non-profit board members.
• Anyone wanting to understand the role of a board of directors.

COURSE OBJECTIVES

Upon completion of this course, participants will be able to:

• Understand the core roles and responsibilities of the Board of Directors.
• Navigate board dynamics and contribute effectively to board discussions.
• Understand the legal and ethical duties of board members.
• Contribute to strategic planning and decision-making.
• Effectively oversee risk management and compliance.
• Evaluate and improve board performance.
• Understand the board's role in stakeholder engagement.
• Understand how to build effective board committees.

COURSE MODULES

• Foundational Principles of Board Governance:
• Defining the purpose and functions of the Board of Directors.
• Exploring different board models and structures.
• Understanding the relationship between the board and management.
• The history of boards, and how their roles have changed.
• Legal and Ethical Duties of Directors:
• Understanding fiduciary duties (duty of care, loyalty, and obedience).
• Navigating legal liabilities and indemnification.
• Addressing conflicts of interest and ethical dilemmas.
• Understanding regulatory compliance.
• Board Roles in Strategic Planning and Decision-Making:
• Contributing to the development of strategic plans.
• Evaluating and approving strategic initiatives.
• Monitoring strategic performance and making adjustments.
• Understanding how to analyse strategic risks.
• Board Oversight of Risk Management and Compliance:
• Understanding the board's role in risk oversight.
• Implementing effective internal controls and compliance programs.
• Monitoring financial and operational risks.
• Understanding the role of the audit committee.
• Board Dynamics and Communication:
• Fostering constructive board discussions and debates.
• Managing conflict and building consensus.
• Enhancing board communication and information flow.
• Understanding group dynamics.
• Board Evaluation and Performance Improvement:
• Implementing regular board and director evaluations.
• Developing action plans for board improvement.
• Utilizing external assessments and benchmarking.
• Understanding how to implement Key performance indicators for a board.
• Stakeholder Engagement and Corporate Social Responsibility:
• Understanding the board's role in stakeholder engagement.
• Addressing environmental, social, and governance (ESG) issues.
• Promoting corporate social responsibility and sustainability.
• Understanding the importance of transparency.
• Building Effective Board Committees and Emerging Trends:
• Understanding the role and function of various board committees.
• How to build effective committees.
• Exploring the impact of technology on board governance.
• Navigating the evolving regulatory landscape and future trends.

CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com