Isle of Man Conference 2016

About

This one day conference provided practical governance advice on issues such as board effectiveness and risk management as well as updates on the latest changes in regulation relevant to those working in company secretarial, risk and compliance roles in the Isle of Man.

We considered what good corporate governance looks like in practice, and the relationship between governance and business success. We looked at why organisations should pay attention to their governance – and the potential consequences should they get it wrong. We reflected upon the most recent MONEYVAL assessment with the Isle of Man Cabinet Office and examined what risks are on the horizon for cyber security.

Stay informed with all ICSA Isle of Man upcoming events and activities here

Topics included:

• Cyber security
• MONEYVAL: initial thoughts on the most recent assessment
• Dysfunctional leadership 
• Persons of Significant Control
• Brexit: What does it mean for the Isle of Man?

Speakers included:

• Karen Ramsey, Isle of Man Government Cabinet Office
• Simon Osborne FCIS, Chief Executive, ICSA
• Peter Swabey FCIS, Policy and Research Director, ICSA
• Dennis Tourish, Professor of Leadership and Organisation Studies, Royal Holloway, University of London
• John Hurrell, Chief Executive, AIRMIC

Programme

Programme

Time	What's on
08:45	Conference opens - Registration and tea/coffee
09.15	Opening address
	ICSA: The Governance Institute
	125 years on from when the Institute was first formed, we look at how ICSA continues to lead the way on promoting and developing best practice in governance. We take this opportunity to look at how ICSA is developing next generation of GRC professionals to be fit for the future. Simon Osborne FCIS, Chief Executive, ICSA
09.30	IT governance: risks and regulations
	As part of the island’s strategy to diversify the economy, businesses are now being encouraged to invest more in e-commerce and digital currencies. In this session, we look at some of the governance implications to consider when investing in new IT infrastructures, the cyber security risks to be aware of as well as an overview of some recent developments in regulation. Dan Elliot, Security Integration and Transition Consultant
10.15	Tea and coffee break
10.45	MONEYVAL
	Keeping current with anti-money laundering measures continues to be a key priority for the Isle of Man Government. In this session, we take a look at the most recent MONEYVAL assessment on the Isle of Man including, areas of special interest and the chosen industries identified by the assessors for further evaluation. Karen Ramsey, Isle of Man Government Cabinet Office
11.15	Analysing behavioural risk
	This session will explore how organisations address - or fail to address - critical people issues which can lead to major behavioural shortcomings which can expose organisations to significant risks. John Hurrell, Chief Executive, AIRMIC
12.15	Networking lunch
13.15	Regulatory update from the Financial Services Authority
	Following the creation of the FSA in late 2015, we take a look at how the Authority is bedding in and the ways in which they are seeking to streamline their processes and systems. We also hear about some recent regulatory changes and what’s coming up on the horizon. These include new regulation around crowdfunding and the introduction of an Alternative Banking Regime on the island. Roxanne Oldham, Director - Policy & Legal, Isle of Man Financial Services Authority
13.45	Dysfunctional leadership in organisations
	Hubris and narcissism at board level has been the downfall of many good companies. It can destroy people, produce bad decisions, bankrupt companies and discredit public sector organizations. In this session, we look at what causes this behaviour, what can be done to prevent it arising and how to produce more effective relationships between leaders and followers. Dennis Tourish, Professor of Leadership and Organisation Studies, Royal Holloway, University of London
14.45	Tea and coffee break
15.15	People with Significant Control
	The Small Business Enterprise and Employment Act 2015 requires UK companies to submit a register of People with Significant Control to Companies House. In this session, we take a look at these new regulations which are designed to increase transparency around ownership and control and also consider the potential implications for businesses on the Isle of Man. Peter Swabey, Policy and Research Director, ICSA
15.50	Closing address
	Recent outrage over executive pay has led to charges of regulatory failure. In this session we consider the limits of regulations and codes for achieving good governance, the need for board leadership in setting and assessing the corporate culture, and the importance of talent development for the future health of the company. Chris Hodge, Policy Consultant, ICSA and former Director of Corporate Governance, FRC
16.30	Final remarks

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