MG84
Course Contents
Module 1 - Understanding Corporate Governance
Key Topics
- What is Corporate Governance?
- Why do we need Corporate Governance?
- Globalisation & International Accounting Diversity
- Agency Theory
- Creative Accounting
- Enron, WorldCom, Madoff, the Banking Crisis
- How to manage using governance standards
- The role of Auditors (Internal & External)
- Board Members
- Risk Management Committees
- Implementing good management and governance (public sector models)
- Emerging trends in public sector management and governance
- Fiscal sustainability as an integral part of good management and governance
- Lessons learned on Day 1
Module 2 - Scoping a Management, Governance and Fiscal Sustainability ‘Committee’
Key Topics
- Defining and classifying crisis and harmful events
- Establishing a management, governance and fiscal sustainability committee and deciding their ‘Terms of Reference’ (goal, authority of the committee, objectives & outcome measures, in/out of scope, participant and their role/responsibilities, frequency of meetings and ways of working etc.)
- What is meant by management, governance and fiscal sustainability contingency planning – rules of action to be taken?
- How to integrate your continuity and contingency planning at organizational, departmental and operational levels?
- How to create and document contingency plans, policies and procedures?
- Lessons learned on Day 2
Module 3 - Understanding Governance, Risk and Fiscal Compliance
Key Topics
- Ethics, Integrity and organizational culture: taking your organization to the required standards of management
- Understanding the complete regulatory environment
- How to use governance to enhance performance
- Managing regulatory fiscal risk
- What is the role of the compliance function?
- How to design and build world class management, governance and fiscal systems and controls
- Protecting your department from the risk of financial crime
- Lessons learns on Day 3
Module 4 - Competencies, Characteristics and Qualities of Governance Best Practices
Key Topics
- Recognize/take responsibility for the effective department leadership of corporate governance issues
- Work cooperatively with others as opposed to working separately or competitively
- Sharing information and ideas to promote good management and governance
- Ability to persuade and convince others to take responsibility for governance in a transparent manner
- Influence stakeholder actions through personal credibility, self-confidence and assertiveness
- Applying judgement to select the best possible corporate governance solutions for your organisation.
- Make decisions and communicate these to link governance to strategy simply for all to understand
- Lessons learned on Day 4
Module 5 - Meaning of Information, “Investor Relations” and Standards of Disclosure
Key Topics
- Understand what providers of finance (the government/public) are looking for from you
- Prioritize and evaluate strategic investment proposals
- Prepare and present a valuation of a strategic proposal and presenting your findings with government
- Recognize the options for ongoing funding requirements, including the benefits of leverage, debt and fiscal sustainability (for stakeholders)
- Assess the level of risk in an investment project and debate if it is appropriate for your stakeholders
- Comprehend the competing objectives of team members to identify and manage conflicts of interest
- Improve team debate and instil effective corporate governance
- Take clearly informed decisions on behalf of stakeholders
- Lessons learned on Day 5
Module 6 - Financial Risk Management
Key Topics
- What is sustainable fiscal management?
- Identifying the major financial risks
- Measuring risk using qualitative and qualitative models
- Developing a fiscal risk management strategy
- Implementing the fiscal risk management strategy
- An overview of the sustainable fiscal risk management and ‘hedging’ techniques
- Lessons learned on Day 6
Module 7 - Fiscal Sustainable Risk Management Governance in the Public Sector
Key Topics
- Understanding of the principles of good governance.
- Improve the effectiveness of all those responsible for good management, governance and fiscal responsibility
- Understanding the responsibilities of everyone involved
- Agreeing relations with stakeholders
- Ongoing accountability and audit
- Improving the systems, policies and procedures that support good governance
- Lessons learned on Day 7
Module 8 - Practice 1 - Case Study
Key Topics
- Case example of best practice in management
- Case example of best practice in governance
- Case example of best practice in fiscal sustainability
- Case example to apply the above in the workplace
- Tips to embed good practices into the organization’s culture
- Lessons learned on Day 8
Module 9 - Practice 2 - Simulation Exercise
Key Topics
- Exercise in applying best practice in management
- Exercise in applying best practice in governance
- Exercise in applying best practice in fiscal sustainability
- Preparing a toolkit to apply the theory in the workplace
- Lessons learned on Day 9
Module 10 - Using Consultants, Working with Non-Executive Directors and Senior Executives
Key Topics
- The five attitudes of communication/negotiation and their application
- Influencing the behaviors of those who do not directly report to you
- Using assertive strategies when communicating with others and avoiding conflict
- Responding to criticism and working with challenging stakeholders
- Handling complaints
- Course summary and updating the return to work action plan
