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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