Sunday, 25 October 2015
Training to help you navigate through regulatory challenges

Directors today deal with an increasing list of regulations and prescriptive rules as well as face rising expectations from the Company and Shareholders. This is often overwhelming, daunting and at times, frustrating.

Our Risk Advisory division is pleased to announce the 2014/2015 Director’s Training Programme. The training modules cover key concepts, hard and soft skills relating to Board leadership as well as governance, risk, and business-related topics. Our clear and concise training approach unequivocally distils the rules and provides a practical approach to addressing business challenges and risks.

Our programme is also tailored to your learning needs. Participants will be able to select the modules they have interest in attending, thereby introducing a highly customised learning experience.

Directors of Listed Companies play an important role in not only guiding but also charting the strategies and business objectives of the enterprise. In order to discharge their fiduciary duties effectively, Directors must equip themselves with relevant technical and industry knowledge. As a Director, your role and the value you bring to your organisation is of paramount importance.

The Code of Corporate Governance (“the Code”), issued on 2 May 2012, has emphasized the importance of training Directors. This is explicitly stated in the following two Guidelines of the Code.

Guideline 1.6
Incoming directors should receive comprehensive and tailored induction on joining the Board. This should include his duties as a director and how to discharge those duties, and an orientation programme to ensure that they are familiar with the company's business and governance practices. The company should provide training for first-time directors in areas such as accounting, legal and industry-specific knowledge as appropriate.

It is equally important that all directors should receive regular training, particularly on relevant new laws, regulations and changing commercial risks, from time to time.

The company should be responsible for arranging and funding the training of directors. The Board should also disclose in the company's Annual Report the induction, orientation and training provided to new and existing directors.

Guideline 4.2
The NC should make recommendations to the Board on relevant matters relating to:
1. the review of board succession plans for directors, in particular, the Chairman and for the CEO;
2. the development of a process for evaluation of the performance of the Board, its board committees and directors;
3. the review of training and professional development programs for the Board; and
4. the appointment and re-appointment of directors (including alternate directors, if applicable).
Important issues to be considered as part of the process for the selection, appointment and re-appointment of directors include composition and progressive renewal of the Board and each director’s competencies, commitment, contribution and performance (e.g. attendance, preparedness, participation and candour) including, if applicable, as an independent director. All directors should be required to submit themselves for re-nomination and re-appointment at regular intervals and at least once every three years.

Course Overview

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Our Director’s Training Programme covers courses at both the Foundational (i.e. core) and Application levels. They are designed to allow you to effectively interpret and apply the rules.

Foundational programme
Our foundational programme reveals the ingredients for effective Board leadership. Boards today need to re-calibrate and re-focus in order to fulfil their responsibilities and steer the enterprise towards growth. Boards are expected to command with confidence but also be nurturing when circumstances require it. However, board members often lack leadership and instead rely on a few dominant members that call the shots.

There have been a recent slew of regulation changes that seek to raise the awareness of Directors’ fiduciary role in governance, risk, and internal control. While the 2012 Corporate Governance Code and Audit Committee Guidebook are principle-based and comprehensive, the deep level of detail have raised concerns regarding the practicality and feasibility of adopting these new laws (e.g. Board composition, independence, enterprise wide risk management and technology risk).

Our Foundational Courses Cover:
1. Good Board Leadership
2. Code of Corporate Governance
3. The Role and Responsibilities of the Audit Committee
4. Enterprise Risk Management Essentials
5. Technology Risk Management Essentials

Application programme
Our application programme builds on the foundational courses as we dive deep to explore risk management and governance best practices in day-to-day business scenarios. Many of such challenges manifest themselves across all enterprises from MNCs to small and medium family-owned businesses.

There is no "one size fits all" approach as each challenge brings along its unique set of circumstances, requiring multidimensional considerations. With a broadening spectrum of business risks, such issues can no longer be viewed in silos.

Our Foundational Courses Cover:
1. Information Security Governance
2. Managing Fraud
3. Governance In Family-Managed Business
4. Investing in China and ASEAN
5. Understanding the Mining, Oil & Gas Sector

Participants are able to self-register for both the foundational and application programmes. There are no limits to the number of modules one can attend. Notwithstanding this, we strongly recommend that participants kick start their learning journey by attending most (if not all) of the foundational programmes.

All training programmes are conducted in a classroom setting which institutes a formal learning environment. Each training run has a 20 participant course limit. However should you wish to organise tailored and customised training sessions for your organisation, we will be happy to accommodate and speak to you on how we can best support your needs.