Directors Training Programme 2024
Professional Development
Overview
Our newly revamped Directors Training Programme provides Company Directors with the tools they need to understand the roles and responsibilities of being a director and managing the associated risks and liabilities. We’ll look at principles of corporate governance to set the overall framework and discuss practical examples, with interaction encouraged throughout the programme.
This programme will enable participants to appreciate the role of Company Directors by reviewing what makes a director “fit and proper”. This will cover directors’ duties, powers and liabilities as well as look at what constitutes “offshore” and a brief introduction to economic substance to enable an understanding of the extra tensions that arise when operating offshore.
It will also equip participants to assess the adequacy of their organisation’s existing risk management controls and practices objectively and to make enhancements as appropriate. Finally, we will look at the role of the Board and its Committees and look at boardroom best practice.
Interactive learning
This programme consists of four 2-hour training sessions delivered by our expert trainer Heather-Anne Hubbell, who encourages you to raise questions and will take you through practical examples to bring these subjects to life. You will be expected to respond to questions and provide answers to concepts as well as considering current events and how they shape the role of a director.
Online Classroom
This course will be delivered through Online Classroom Live.
Suitable For
The programme is suitable for current directors who are looking for a refresh and for new or soon-to-be directors who want to be fully prepared for their next appointment.
Programme content
Week 1: Corporate governance and legal & regulatory framework
- Introduction to Corporate Governance
- Why is Corporate Governance so important – examples of governance failure
- UK Corporate Governance Code, FRC Consultation process
- IoD Voluntary Code of Corporate Governance for private companies
- Code of Corporate governance/Codes of Practice
- Legal & Regulatory Framework
- Review of Company Law relating to Directors
- Other Statutes & Regulations to be aware of (local and international)
Week 2: Directors fundamentals
- Defining the role of the director – the “who” and the “what” and “when”
- The nature of the duties you owe /Review of the statutory minimum
- Agency Fundamentals and Duties of Agents
- Types of Directors including Executive, Non-Executive & Shadow Directors
- Directories Duties
- What is meant by a fiduciary duty and how a breach may have personal repercussions
- Breach of Duty & Negligence; How to avoid these
- Risks & Liabilities when acting as a director
- Removal/disqualification of a director
- Additional implications of Regulated/Registered Roles
- General discussion on director and authorised signatory responsibilities
- Implications of regulated versus non-regulated entities
Week 3: Risk management including an introduction to economic substance
- Risk Management
- What is risk appetite
- When can a claim be made against a director?
- Risk Management & Internal Controls
- Review of important case Carlyle Capital v Conway
- Managing your risk
- How to mitigate Directors’ risks and liabilities
- Risk mitigation strategies for Directors
- Introduction to Economic Substance
- Mind, Management & Control
- What is economic substance
- Various economic substance tests
Week 4: Role of board & committees and boardroom best practice
Role of the Board, Chair and Committees
- Ensuring an effective governance architecture
- Compliance and risk management issues
- The Role of Committees & Succession Planning- practical reasons why we need them
- Chairman & CEO roles
Structuring and Running Effective Board Meetings
- Chairing the meeting
- Running the meeting
- Confidentiality
- Consensus
- Conflicts of interest – types & how to mitigate
- Boardroom dynamics
- Boardroom decisions
- What to do if there isn’t enough information
- Board minutes
Heather-Anne Hubbell
Head of Governance at Hubbell Ventures Limited
Heather-Anne Hubbell is a tax and risk specialist with an extensive legacy in financial services, strategic planning and governance who designs and delivers directors and company secretary training based on her experience as a director and company secretary and on working with global financial institutions and their directors’ responsibilities.
She has an LLB from Western Ontario and an LLM from Osgoode Hall Law School in Toronto.
Heather-Anne now provides risk, governance and strategic transformation services to a range of international clients, as well as running a number of businesses in the UK and Channel Islands.
Who is this course for
Current, newly appointed and aspiring directors.
Online Classroom Live
This seminar is being delivered through Online Classroom Live. Our premium online study mode comprises a virtual classroom with interactive features to replicate a real-life classroom.