Regulatory and legal requirements have increased scrutiny on how well organisations in all sectors are governed. A key aspect of this is the role of non-executive directors (“NEDs”). NEDs have an increasing responsibility to bring more skills and experience to the Boardroom ensuring that they provide an appropriate level of stewardship and challenge in an ever-complex landscape. This practical and inter-active course provides delegates with the essential knowledge and understanding to discharge these responsibilities. It gives an up-to-date review of best corporate governance practices. Delegates will learn the business benefits and drivers of good governance and gain a better understanding of the role and responsibilities of NEDs and of the dynamics of the boardroom.
The definition of a director and the different roles: chairman, CEO, executives, NEDs
Directors’ duties – legal responsibilities, degree of skill and care required, concept of “fit and proper”
The purpose of the board of directors – leadership, setting strategy and managing risk, monitoring the performance of management and creating an ethical business culture
The role of non-executive directors: challenge and scrutiny of the executive; adding value; and the issue of independence
The key qualities required of NEDs
Practical steps: basis for appointment; the induction process; developing and assessing performance
Teamwork and board dynamics – inclusion and understanding
Governance hot topics: risk governance; accountability and the Senior Managers’ Regime; succession planning and the Nominations Committee; audit independence; directors’ remuneration
WHO SHOULD ATTEND
Executives, senior managers and professionals who are looking to become NEDs; existing NEDs looking to update and refresh their knowledge; company secretaries; members of the senior management teams in the public sector; internal auditors; in-house lawyers; HR professionals; ethics officers; directors and managers of companies seeking a listing in the UK; and executive search consultants.