Understanding Director's Duties, Responsibilities and Liabilities Online Training Course - Comprehensive Training to Empower Effective Corporate Governance
Dublin, June 21, 2024 (GLOBE NEWSWIRE) -- The "Understanding Director's Duties, Responsibilities and Liabilities Training Course" has been added to ResearchAndMarkets.com's offering.
A Directorship can be daunting, especially if you are not fully up to date with the responsibilities and liabilities associated with the role. There are many duties to get to grips with, and pitfalls you must avoid.
The pace of changes to regulations and stakeholder expectations together with the social, political, and technological forces impacting business mean that the role of a director has rarely been under more focus and pressure.
A directorship cannot be taken lightly. There are many legal responsibilities and obligations connected with the role of Director, and sanctions for when things go wrong. A lack of knowledge or understanding is rarely a good defence should the worst result occur, and it certainly isn't acceptable to many stakeholders; therefore, it is more important than ever to ensure that you fully understand the role and associated responsibilities.
Furthermore, the best informed and equipped Directors will find the role more satisfying and will bring greater added value to their Board and the wider business. This one-day course will give you the knowledge to help you fulfil your statutory duties and make a positive contribution to your organisation.
This fully immersive, comprehensive and interactive day of learning will provide a thorough insight into the Director's role, responsibilities and potential liabilities. The expert trainer will help you to focus on pragmatic good practice solutions while focusing on the guidance and regulations. There will be ample time throughout the day to ask your questions so you are clear on your role and how to avoid the potential liabilities.
Benefits of attending
Understand the statutory duties of a Director
Be aware of Board and sub-committee structures and how they work together
Learn about preparing for and attending the different types of meetings
Gain an increased confidence in your performance as a Board member
Examine the role corporate governance plays
Identify stakeholders and communication strategies to maintain a good reputation
Get to grips with the potential liabilities, sanctions, and indemnities that could impact the Directors role
Certifications:
CPD: 6 hours for your records
Certificate of completion
All new, or aspiring, Directors who want to add value to their role and become a high-performing member of the Board should attend this valuable course. Plus all those experienced Directors who need a refresher to reflect and learn about changes that could be relevant to them.
Course Agenda:
Statutory duties
Primary and third-party compliance for the organisation and director
Areas of direct legal compliance
Growing areas of compliance
Expectations from third parties
Board and Sub-committees
Structure and composition of Boards and sub-committees
Roles and responsibilities of the different types of directors and the company secretary
Member induction
Terms of reference of the Board and sub-committees
How these relate to the company articles of association
How the committee and support roles work together
Meetings
Types of meetings
Frequency of meetings
Preparing an agenda and preparing for a meeting
The decision-making process
Building an effective challenge and discussion with the use of critical thinking
Individual performance and Board effectiveness
Requirements and best practice for the evaluation of Board member performance
Identifying training needs
Options for evaluating the effectiveness of the Board
Making effective decisions and building the right culture
Corporate governance, risk management, resilience and internal control
The role of corporate governance
The principles and a suggested framework
The role of risk management and internal control
Achieving objectives and getting the best from the assets of the business
Stakeholder engagement
Stakeholder mapping
Communication strategies for different types of stakeholders
Using resources effectively to build and maintain brand and reputation
Risk management considerations
Liabilities, sanctions and indemnities
Circumstances when Sanctions Could Impact Directors
Pitfalls to avoid
The nature of the potential sanctions
The role of D&O insurance (Directors and Officers Liability Insurance)
Identification and management of conflicts of interest
Background and circumstances of a conflict of interest
Identifying related parties
The mechanisms for recording conflicts
How it should be managed to maintain good corporate governance
Tackling over-boarding
Remuneration concepts
Recommended elements of a remuneration package
How they could be set
Who is responsible
How to benchmark them
For more information about this training visit https://www.researchandmarkets.com/r/bkgr4q
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