Course Details

Mastering Oversight: Corporate Governance for Non-Executive Directors (NEDs) Training Course

In today's complex corporate landscape, Non-Executive Directors (NEDs) play a crucial role in ensuring good governance, strategic oversight, and accountability. This specialized training course empowers NEDs with the essential knowledge and skills to effectively fulfill their responsibilities. Participants will gain a deep understanding of their legal duties, ethical obligations, and strategic contributions to the board, enabling them to provide independent and informed guidance. This program is designed to enhance the effectiveness of NEDs, fostering a culture of transparency and integrity within their organizations.

This comprehensive program is tailored specifically for current and aspiring Non-Executive Directors, as well as those who work closely with boards, such as corporate secretaries and governance professionals. Through interactive workshops, case studies, and practical exercises, participants will learn to navigate board dynamics, understand financial statements, and contribute to strategic decision-making. The course emphasizes the importance of independence, objectivity, and proactive engagement, equipping NEDs with the tools to effectively oversee management and protect stakeholder interests.

DURATION

5 days

COURSE OBJECTIVES

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

• Understand the specific roles and responsibilities of Non-Executive Directors.
• Navigate board dynamics and contribute effectively to board discussions.
• Understand and apply the legal and ethical duties of NEDs.
• Contribute to strategic planning and decision-making.
• Effectively oversee risk management and compliance.
• Understand financial statements and financial oversight.
• Evaluate and improve board performance and effectiveness.
• Understand the importance of their independence, and how to maintain it.

COURSE MODULES

• The Role and Responsibilities of NEDs:
• Defining the unique contribution of NEDs to corporate governance.
• Understanding the distinction between executive and non-executive roles.
• Exploring the expectations and accountabilities of NEDs.
• The history of NEDs, and how their role has evolved.
• Legal and Ethical Duties of NEDs:
• Understanding fiduciary duties (duty of care, loyalty, and good faith).
• Navigating potential conflicts of interest and ethical dilemmas.
• Understanding legal liabilities and indemnification.
• Understanding the importance of regulatory compliance.
• Strategic Contribution and Decision-Making:
• Contributing to the development and evaluation of strategic plans.
• Providing independent perspectives on strategic initiatives.
• Understanding the board's role in strategic risk assessment.
• Understanding how to provide constructive challenge.
• Financial Oversight and Analysis:
• Understanding key financial statements and reporting requirements.
• Evaluating financial performance and risk.
• Understanding the role of the audit committee.
• Understanding how to ask relevant financial questions.
• Risk Management and Compliance Oversight:
• Understanding the board's role in risk oversight.
• Evaluating the effectiveness of risk management systems.
• Monitoring compliance with relevant regulations.
• Understanding how to oversee internal controls.
• Board Dynamics and Communication:
• Fostering constructive board discussions and debates.
• Managing conflict and building consensus.
• Enhancing board communication and information flow.
• Understanding how to maintain independence in board discussions.
• Board Evaluation and Effectiveness:
• Understanding the importance of board evaluations.
• Participating in board and director evaluations.
• Contributing to action plans for board improvement.
• Understanding how to implement Key Performance Indicators for a board.
• Emerging Trends and Best Practices for NEDs:
• Exploring the impact of technology on board governance.
• Addressing ESG considerations and stakeholder engagement.
• Navigating the evolving regulatory landscape.
• Understanding the future of the NED role.

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