Finance & Accounts

FA 14 Corporate Governance for Financial Institutions

Corporate Governance for Financial Institutions

Fully understand, and be able to apply, international standards of governance and compliance

Accredited by: LONDON INSTITUTE OF SKILLS DEVELOPMENT SIGNATURE PROGRAMME

Who should attend?

  • Regulatory authorities in Banking, Insurance, Pensions and Capital Markets
  • Executive and non-executive Board and committee members
  • Company secretaries
  • Shareholder representatives
  • Senior managers and executives
  • Corporate lawyers
  • Marketing specialists
  • Institutional investors
  • Junior Managers, Fresh Graduates & Final Semester Students to acquire a promising career in a reputable organization.
Course Code:F/A.14
Subject:Finance
Course Fee:£2850 + VAT (20%)
Duration3 Days

Learning Objectives

By the end of this course delegates will be able to:

  • Describe key risk management and internal control concepts
  • Apply  the main industry frameworks and standards which influence internal controls
  • Assess the effectiveness of their organisations internal controls
  • Demonstrate to and guide executives and management in the establishment of an appropriate control environment
  • Understand the effective usage of internal controls

Course Content

The World of Corporate Governance Today

  • International events leading to governance reform
  • Purpose and objectives of governance including agency risk and moral hazard
  • US Sarbanes Oxley – act style legislation vs. UK-style voluntary code: focusing where possible on participant’s countries
  • Standards-driving bodies and evolving principles
  • Formative regulatory bodies including OECD, Basel Committee, SECs and CMAs, Central Banks

Main Components and Principles

  • Eight principles which underpin every system of governance
  • OECD Code core concepts and guidance
  • Listing requirements and continuous obligations
  • Corporate Governance in the financial sector – raising the bar – what is special about banks and bank governance?
  • Basel Committee’s guidance on enhancing corporate governance for the banking sector
  • Review of European Union’s approach to Corporate Governance in Financial Institutions

The Governing Body

  • What does a “Good” financial institution look like
  • Alternative board structures – dual and unitary boards
  • Different types of board members: their roles and responsibilities, including the Secretary to the Board
  • The growing importance of the INED
  • The vital role of Board Committees in the new era of governance, including the audit committee, nominations & remuneration committee and the risk committee

Corporate Governance, Risk Management and Compliance (GRC) in Financial Institutions

  • The growth and linkage of these three topics in finance
  • The main components of Enterprise Risk Management (ERM)
  • The central role of internal controls and linkage to ERM
  • Best practice compensation principles and standards
  • Shareholders, depositors and other stakeholders need for disclosure and transparency

Corporate Social Responsibility (CSR)

  • Defining CSR
  • The link between CSR and Corporate Governance
  • CSR – economic, legal, ethical and discretionary aspects
  • CSR and financial institutions – is it just a public relations exercise?
  • Where does the regulator fit in?
  • The course will end with a multi-choice questionnaire to assess the level of knowledge gained and to fresh and assist the retention of new information