Day 1: Introduction to Corporate Governance and Global Frameworks
Objectives:
- Understand the concept of corporate governance and its objectives.
- Explore the global frameworks and standards used in corporate governance.
- Learn the relationship between governance, transparency, and accountability in organizations.
Topics:
- The Concept of Corporate Governance
- Definition and objectives of corporate governance.
- The difference between governance and management: roles and responsibilities.
- The impact of good governance on organizational and economic performance.
- Global Frameworks and Standards for Corporate Governance
- OECD principles for corporate governance.
- IFAC standards.
- World Bank’s principles of governance.
- The Importance of Governance in Achieving Transparency and Accountability
- The role of governance in improving organizational transparency.
- The relationship between governance and accountability in achieving organizational objectives.
Day 2: Practical Applications of Corporate Governance
Objectives:
- Learn how to apply governance principles in practice.
- Understand the governance structure within organizations and manage relationships between stakeholders.
- Apply governance strategies to ensure compliance and good practices.
Topics:
- Governance Structure in Organizations
- The role of the board of directors and executive members in governance.
- Decision-making mechanisms: transparency and disclosure.
- Stakeholder relationships (shareholders, employees, customers, and society).
- Applying Governance Principles in Organizational Processes
- Designing a governance system that fits the size and structure of the organization.
- Using tools and practices to ensure good governance.
- Implementing governance in financial, legal, and internal audit functions.
- Compliance and Internal Control
- The role of internal controls in promoting governance.
- Importance of complying with local and international regulations.
- Applying audit and review systems to ensure compliance and achieve organizational goals.
Day 3: Challenges and Opportunities in Corporate Governance
Objectives:
- Explore the challenges organizations face in applying governance principles.
- Learn how to handle complex situations and organizational issues within the governance framework.
- Understand the opportunities that good governance can offer in improving organizational performance.
Topics:
- Challenges in Implementing Governance
- Challenges organizations face in applying governance principles (corruption, mismanagement, internal conflicts).
- How to overcome resistance to change in organizational culture.
- Managing conflicts between different parties in the governance structure.
- Opportunities for Improving Organizational Performance through Governance
- How governance contributes to organizational sustainability.
- The relationship between good governance and organizational innovation.
- Governance as a tool for enhancing competitiveness and profitability in global markets.
- Future Trends in Corporate Governance
- Digital governance and using technology to enhance governance.
- Environmental, Social, and Governance (ESG) criteria.
- Global trends in developing governance standards.