Boardroom Essentials – What You Don't Know Can Hurt You
Many boards are facing increased responsibilities and risks due to a heightened level of governance scrutiny triggered by owners, regulators, insurance companies, and other stakeholders. This training program helps directors and board committee members cope with these changes by reviewing the latest governance trends and best practices of successful organizations.
An effective board must bring critical thinking to the table. Members need to be able to freely ask difficult questions. Board members must work together to complement each other's strengths and weaknesses to maintain a healthy degree of oversight and inquiry of officers. A culture of transparency, diversity, and accountability should rule.
In this training, we take a detailed look at:
- Fiduciary duties and responsibilities of directors
- Committee of the board
- Audit committee
- Compensation committee
- Nominating (Governance) committee
- SEC rules and regulations
- Stock exchange governance requirements
- Organizational reporting leading practices
- The "big picture" of governance, such as ethics, trust, transparency, and accountability
- Lessons learned on what can go wrong
- What directors need to know
- Characteristics of healthy boards
- The roles of directors, management, and auditors
- Periodic governance review elements such as:
- director selection
- responsibilities
- committee structures
- compensation
- executive management oversight
- compliance
- self-evaluations
- auditor relations
- internal controls at the board and management levels
