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Advanced Corporate Governance for Financial Institutions

London Corporate Training Ltd
Course summary
10 days
Professional Training
Next available date: Enquire for more information - Online courses
Course Dates
Online courses
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Online courses
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London
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London
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Training Course Content

By taking part in this 2 week training course participants will study the following areas:

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 participants’ 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

Main Components and Principles of Internal Controls

  • The definition and purpose of internal controls
  • The five components of the original COSO internal controls framework
  • Integration of the original COSO control framework into COSO Enterprise Risk Management framework (ERM)
  • Linking COBIT to COSO – Information technology framework and internal controls

Financial Sector Regulators and Internal Controls

  • The three categories of objectives for internal controls
  • COSO internal controls framework – the expanded 2013 revision
  • The new seventeen principles – practical application to provide comprehensive controls
  • The strong link between Basel II operational risk management and COSO
  • Inherent limitations of internal controls

The Control Environment

  • The vital first step - establishing the management tone at the top and an institution-wide code of conduct reflecting integrity and ethical values
  • Board and management’s delegation of authority
  • Commitment to competence - attracting, developing and retaining the right human resources
  • Performance measures, incentives and rewards

Types of Internal Controls

  • Risk appetite and strategy established by the Board and risk response strategies
  • Control activities, internal controls, responsibilities and uses through the eyes of different stakeholders
  • Inherent and residual risks
  • Reporting and assurance

Why choose London Corporate Training Ltd

We have trained over 2,500 delegates from almost 600 client organisations

Complimentary Heathrow transfer (one-way)

Endorsed by various organisational and subject specific accrediting bodies

Expenses

Please contact us for more information on pricing.

About provider

London Corporate Training (LCT)

London Corporate Training have been established in the education, consulting and training industries for two decades. They work as a training team from their head office in London and aim to ensure all of their course participants receive the highest...


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Contact info

London Corporate Training Ltd

London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London

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www.lct.co.uk

Reviews

Average rating 5

Based on 4 reviews.

Chairperson, Maldives Tourism Development Corporation
The consultants were excellent. I leave enlightened and would definately recommend this course for executives.
UNDP
The course surpassed my expectations. The trainers were excellent. They were so experienced - it helped tremendously. I am looking forward to returning in the future. Thank you.
Legal Assistant, United Nations Development Programme, Ministry of Finance
The course was really informative and interesting with good teaching materials. Very friendly atmosphere and lovely staff who were helpful in answering questions. I would love to come back and learn more.
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Reviews
Course rating
(5.0)
Based on 4 reviews.
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