Advanced Corporate Governance
for Banks and Financial Institutions

Economic Theory, Supervisory Practice, Evidence and Policy

30 November - 03 December 2021 Sandton Centre, Jhb South Africa

22 – 25 March 2022 Cape Town South Africa

Register Now! Limited Seats Available!

Public R15, 999.00

Online R9, 999.00

Online R9, 999.00

Course overview:

Sound corporate governance of financial institutions need to be in place in order for banking and financial supervision to operate efficiently. 

This practical training course examines current best practice in all aspects of corporate governance, from the new role of board committees and directors’ responsibilities and powers, to best implementation of governance in day-to-day activities. The costs and benefits of best practice governance will be examined and practical guidance will be given on such issues as the relationship with shareholders and other stakeholders, managing and meeting the expectations of the market, international investors and local government and regulatory authorities.

 The course will also discuss the challenges of implementing best-practice corporate governance in emerging markets and will include the specific requirements of banks and financial institutions.

Outcomes:

  • Understand corporate governance of the international financial sector
  • Apply the latest knowledge of Corporate Governance to their organisation
  • Critically review their organization’s Board structure and compare with best practice
  • Appreciate the inter-dependence of Governance, Risk management & Compliance (GRC)
  • Implement strong internal controls and relevant checks and balances
  • Assess the essential elements of Corporate Governance Codes and Legislation and evaluate their own organisation against best practice
  • Appreciate ethics and values in the financial community and the relationship to corporate governance

Who Should Attend:

  • Regulatory authorities in Banking, Insurance, Pensions and Capital Markets
  • Executive and non-executive Board and committee members
  • Company secretaries
  • Shareholder representatives
  • Senior managers and executives
  • Corporate lawyers
  • Heads of Compliance
  • Risk Professionals
  • Internal and External Auditors
  • Legal Personnel
  • Finance Managers
  • Business Consultants
  • Board Secretaries
  • Board members

Training Course Content:

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

End of the Workshop

IN HOUSE AND ONLINE TRAINING

While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.

For Registration and other Training arrangements,
contact us on the detail below.
SOUTH AFRICA Tel: +27 11 057 6001
KENYA Tel: +254 11 353 1082
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com