Directors Duties and Compliance
21ST Century Directors need to be tuned in to the new world of Governance not just Leadership & Management. Make sure you are not left behind
Industry overview linked to the program
Being a company director can be a richly rewarding experience, but the role is not an easy one and it seems to get harder year by year. It is very important that all directors know exactly what is expected of them, the risks and what they must do.
This extremely well designed seminar will help all those considering, or already in, this extremely responsible position to understand exactly what is involved. It focuses throughout on real-life situations and is a guide to:
- The different types of director
- Directors’ addresses and information that must be provided to the company and to the public
- Distinctions between directors
- Appointment and termination
- Officer of the company
- Directors’ general duties
- Board meetings
The seminar addresses issues that directors need to understand if they are to avoid exposing their companies and themselves to hefty penalties and the risk of having to pay compensation
The seminar is an opportunity to master key basic facts and requirements about the role of a director. It is right up to date and is regularly updated to reflect the latest legal changes
Why you cannot miss this event
This workshop is all about building an essential introduction to the role, duties and legal responsibilities of a director and the workings of a board.
The event will also provide you with the following key learnings:
- Define the legal status of a company
- Understand the essential differences between direction, management and ownership
- Analyse the role of the board and identify good practice in the organisation and the running of a board
- Understand the roles directors play and key director relationships in different types of company and context
- Examine the board’s corporate governance role
- Define the legal duties and liabilities of individual directors and the board
- Understand disclosure of information requirements and other associated legal requirements and the law relating to directors and employees and other parties
Testimonials
“Ian is a great trainer. He has great patience and gets great feedback from even the most demanding delegates” – Henry H. Business Unit Head
“Ian has a wealth of experience has a successful Company Director and he also manages to communicate the key messages in a clear and entertaining way” Richard P – Senior Partner (Insolvency Practioner)
“The trainer’s practical knowledge and experience was a vital component in making this an excellent course” Frank P. – Director (Banking & Finance)
Who should attend
The material will be of interest to Directors of SMEs, including owner-managed companies or family businesses, newly appointed directors and those shortly to become directors.
Key benefits of attending
- To gain an in-depth view of the key duties, roles and legal responsibilities of directors, corporate governance and the role of the board
- Get an appreciation of the crucial differences between management, direction and ownership
- Have the opportunity to discuss case studies examining legal aspects of your role
- Guidance on improving board effectiveness
- A forum for discussion with your peers and a useful networking opportunity
About the course leader
Ian has extensive senior management and strategic experience with a number of Blue Chip organizations, including Citigroup and Prudential Assurance. He has also run his own SME. Ian specializes in Corporate Governance, Compliance, Project Management and Finance and is equally comfortable operating at senior Board level or working “hands on” with small business enterprises.
His track record of success has been achieved by developing and implementing clear business strategies that deliver bottom line results improvement.
Ian works across a diverse number of business sectors including, training, manufacturing, oil & gas, engineering and banking and looks to bring “best in class” standards and processes to his clients.
Ian is the Managing Director of a corporate training business that specializes in Project Management, Compliance, Finance and Leadership development programmes. Ian has held a number of directorships in organizations ranging from Blue Chip PLC to small businesses and industry trade associations.
Ian is also a Fellow of the Institute of Leadership & Management (FilM)
Course Outline
WORKSHOP OUTLINE
Day 1
Session One – Company and Board Structures
- Composition
- Types of Directors
- Strategy
Session Two – New Directors
- Succession Planning
- Appointing new directors
- Training & development
Session Three – Corporate Governance & Ethics
- Corporate Social Responsibility
- SOX
- The Rise of Corporate Governance
Session Four – Company Meetings
- Requirements
- AGM/EGM
- Preparation and Board Packs
Session Five – Directors Liability / Insurance
- Liability Insurance for Directors
- Current Trends
Session Six – Case Study
Case Study
DAY 2
Session One – Legal Issues
- Compliance Issues
- IFRS
Session Two – Risk Management
- The 5 element of Risk Management
- Frequency/Severity Matrix
- Risk Analysis Techniques
Session Three – Board and Other Meetings
- The need for committees
- What type of Committees?
Session Four – Directors Toolkit
- Duties
- Registers
- Strategy and Sustainability
Session Five – Case Study
Session Six – Practical Matters
- Wrap up
- Traceable Outcomes