Boardroom Leadership Education, Training & Preparedness

Candela Solutions has a wide variety of education and training tools to help boards best meet their fiduciary duties of holding executive management accountable and acting in the best interest of the company. Candela Solutions assists companies in leveraging their board of directors and committees to maximize governance and control effectiveness through:

• Training on roles and responsibilities
• Assessing statutory board risks relative to legal compliance and best practices
• Training on ethics and corporate compliance programs
• Establishing advisory boards
• Developing and strengthening formal accountability, including nominating, compensating, and auditing committee charters
• Helping to define and understand "independence" and considerations for an independent chair and committees
• Examining cultural and management working relationships
• Identifying independent board members, including financial experts

Board Roles and Responsibilities

Understanding roles and responsibilities of boards is important. Duties of a statutory board typically include:

• Setting the "tone at the top" through their CEO
• Ensuring legal and ethical conduct
• Hiring and overseeing the external and internal audit functions
• Selecting, evaluating, compensating, and, where necessary, replacing the CEO and other senior executives
• Approving corporate strategy
• Ensuring proper monitoring of the business
• Evaluating board processes and performance, including selecting and compensating directors
• Planning for CEO succession
• Evaluating major investments, including merger and acquisition activities
• Advising management on significant issues facing the corporation

Many factors including industry type, company size, ownership and other operating characteristics must be taken into account to best define board roles. We understand that a "one size fits all" approach does not work. Let our experience help maximize the potential of your board.

In-House Training

Learn more about our education and training offerings through the following link: 

• Audit Committee 101: From the Basics to Leading Practices
• Audit Committee and Internal Audit: Together on the Same Page
• Boardroom Essentials – What You Don't Know Can Hurt You
• Corporate Governance: Protecting Shareholder Interests through Strong Stakeholder Relations
• Decision Rights and Information Flows: Understanding Two Common Causes for Failure
• Governance, Risk and Compliance (GRC): Putting it all Together
• New Board Member Orientation: Understanding Duties, Risks & Controls