An essential requirement for an effective board is for the directors to provide the strategic direction for the company as a whole is their ability to deal effectively with dilemmas facing the board. This workshop explores how a strategy orients the company towards its market and its competitors. Flawed strategic thinking at board level can create massive value destruction and even threaten a company’s survival.
Risk management is also a key role of all boards. Companies take risks to generate returns. The board is responsible for ensuring that all business risks are identified, evaluated, and suitably managed. In a world of increasing complexity and uncertainty, directors must manage risk more assiduously than ever before. Enterprise risk management (ERM) is a structured, consistent, and continuous process across the entire company (usually large companies) for identifying, assessing, responding to, and reporting on opportunities and threats that affect the achievement of the company’s’ objectives.
The amount of risk varies not only with the type of business or its market circumstances, but also with the business’s position in its life cycle. Young, high-growth businesses will be more vulnerable than mature, stable businesses. Directors must decide, acting on management’s advice, how much risk the company can accept. This risk appetite may vary over time and will be influenced by the company’s financial condition and market position.
What will be covered?
This workshop explores the role of the Board in formulating and implementing strategy and managing enterprise risk. The course includes the evaluation of the Executive Directors’ performance as well as corporate responsibility.
The course will:
The workshop is highly interactive and includes presentations, tools, guides, case studies and simulations relating to strategic management and risk assessment in the Caribbean.
Goals of the Certificate in Corporate Governance (CCG) Programme:
The Certificate in Corporate Governance encompasses the core knowledge and awareness that is necessary to function effectively as a director and includes:
This is covered in a series of four courses and leads to the Certificate examination. The Certificate in Corporate Governance Programme has the following features:
In order to ensure high participation rates, reduce costs for participants, increase flexibility in dates and increase flexibility in educational choice, the participants can choose when to do the different components and then decide when to be certified.
The course is designed to meet the development needs of existing, new and aspiring members of and advisors to Boards of Directors, including:
The course is also designed to meet the development needs of senior managers who report to the Board or Board Committees or are members of the Executive Committee who are interested in expanding their knowledge and applied experience of boardroom activities, including:
The course is relevant for directors and senior managers in:
In addition professional executives with an interest in Corporate Governance may find the course to be relevant and useful e.g. media, judiciary, legal, accounting, finance and banking.
Facilitator - TBA
First Floor, Chamber Building, Columbus Circle, Westmoorings Trinidad and Tobago