Following the international financial crisis (2007-2009) the issue of the financial sector’s corporate governance attracted pronounced interest.
The link between poor corporate governance practices and excessive risk taking as well as the particularities of financial firm’s governance in comparison with the governance of non-financial firms, resulted in the establishment of new regulatory requirements concerning on the one hand the requirements which should be fulfilled by the management bodies, and on the other hand the enhancement of three other areas of governance: remuneration, risk management and internal control.
Moreover, supervisors have taken up the issue both at international level through the Basel Committee on Banking Supervision as well as at European and national level. As a result, the corporate governance framework of banks and investment firms consists of specific and detailed legislative rules (CRD IV and MiFID II) and guidelines issued from the EBA, the ESMA and the national supervisory authorities. Furthermore, specific rules such as “Say-on-pay” rules are included in the recently adopted Shareholder’s Directive.
The programme will:
- Present and analyse the legislative requirements in the field of corporate governance of credit institutions and investment firms
- Present and analyse practical problems and related risks
- Provide guidance concerning the new requirements in order to comply with in an efficient way (policies and procedures)
- Present the relevant guidelines of EBA and ESMA
- The tasks of the management body and senior management
- The composition, organisation and functioning of the management body
- The competences of its members and the conditions to be fulfilled by them
- The requirements on the nomination, selection and succession of members of the management body
- The committees which should be established, their composition and their duties
- The role and responsibilities of the company secretary
- The remuneration framework (remuneration policies, fixed and variable elements of remuneration, the say-on-pay rule)
- The risk management framework
- The compliance framework
- The internal control framework
The programme is designed to deliver knowledge and enhance participants’ skills via case-studies and practical examples, and participants will benefit from customised feedback at the end of the programme and take away knowhow that can be transferred at their workplace.
The course shall include the presentation and analysis of the regulatory framework providing practical examples.
Who Should Attend
The programme will benefit professionals within the finance and corporate services sector who need to know and understand the requirements pertaining to Corporate Governance, and in particular:
- Board Members
- C-Level Executives and Senior Managers
- Secretaries of the Board of Directors
- Compliance Officers
- Internal Lawyers
- External Lawyers
- Financial Consultants