Following the international financial crisis 2007-2009, the issue of good corporate governance attracted pronounced interest. The link between poor corporate governance practices and excessive risk taking as well as the particularities of 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.

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 European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), the European Central Bank (ECB) and the national supervisory authorities.

Training Objectives

• Understanding the requirements of corporate governance
• Understanding the interaction between the main participants
• Understanding the legal and regulatory requirements for corporate governance
• Understanding how corporate governance requirements reinforce the seven critical success factors for effective Boards

Training Outline

• Definition and requirement for corporate governance
• Corporate governance: the participants and relationships
• The role and responsibilities of the Board
• The composition of the Board and its supporting structure in corporate governance
• The role of the Board Chair in corporate governance
• The importance of Board relations in corporate governance
• The importance of Board relevant knowledge and experience in corporate governance
• The importance of efficient support processes in corporate governance
• The importance of evaluation and development in corporate governance

Training Style

Using a discursive approach to sharing key information, critical theory illustrated with practical experience will be conveyed to participants to be reinforced by mutual sharing and learning. Participants are given a solid foundation of understanding by illustrating how corporate governance requirements reinforce seven critical areas for Board effectiveness.

Who Should Attend

• Directors and members of the board
• Senior managers
• Compliance officers
• Lawyers and legal professionals
• Company secretaries
• Risk officers