The notorious case of Enron focused the world’s attention on the corporate structure and management of business. The associated demise of Arthur Andersen shocked the accounting profession. Using real world examples and case studies throughout, this course blends theoretical underpinnings with practical advice on creating efficient and effective management structures that minimise risk. It is fully up to date and covers the UK Corporate Governance Code (which was revised in May 2010), Sarbannes Oxley, and international best practice.
Corporate Governance enables the learner to:
- Understand the main provisions of Corporate Governance
- Identify governance problems within a company
- Establish effective board management including remuneration and audit committees
- Understand why poor governance has led to corporate scandal in the past
- Use governance principles to create successful business strategies
Introduction to corporate governance
- Why is corporate governance important?
- What is the theory behind corporate governance?
- What approaches are used to encourage good governance?
Code of best practice approach
- Which businesses should comply with the code?
- What are the consequences of non-compliance?
- What are the main principles of the code?
- How can small companies apply the code?
The legislative approach
- Who has to comply with Sarbannes Oxley, and what happens if they don't?
- What are directors’ and auditors’ responsibilities under Sarbannes Oxley?
- How can management help to embed Sarbannes Oxley within a company?
- Why is it important to split the roles of Chairman and Chief Executive?
- How can executive remuneration be managed fairly and with transparency?
- Why do non-executive directors play a crucial role in good governance?
The role of the financial professional in good governance
- How can finance professionals support good governance in an organisation?
- Why is the audit committee a crucial part of good governance?
- What part do internal auditors and internal controls play in good governance?
- What good governance principles should be used in dealing with external advisors?