Course description
2024 Company Board Director Roles and Responsibilities - In Person (2 Days)
Chartered Management Institute Recognised Training Centre for Director Training Courses. This 2-day training course is a CMI Recognised Director Training Course. The course can be spread across two separate non-consecutive days.
This course is assessed as “Excellent” by its delegates. To ensure that the Company Directors attending this training course will continue to get the maximum possible benefit, the delegate numbers will be limited to a maximum of 12.
Company Board Director Roles and Responsibilities Training Course for both experienced and newly appointed Company Directors. The Chairman of the Board of Directors, along with all other Executive and Non-Executive Directors, will benefit from this course.
This is a very practical course, with extensive discussions around case studies that will highlight common Boardroom dilemmas. It will enable you to make sound Board decisions, which comply with your statutory duties as a Director. Guidance will be provided on some of the factors that facilitate effective Boards.
Topics covered include the Companies Act 2006, Effective Boards, Board Director Roles and Responsibilities, UK Corporate Governance Code, Board Committees, the Memorandum & Articles of Association, Companies House requirements, the Insolvency Act, Liquidations, the Director Disqualification Act, Director Pay, Shadow Directors, De Facto Directors, NEDs, iNEDs, Director Statutory Duties, Strategic Financial Management, Risk Management, Dividends, Resolutions, Meetings, Voting requirements and many more.
This course will explain the personal and corporate insolvency issues surrounding directors. It will help you to avoid inadvertently assuming any personal liabilities through an imperfect knowledge of the insolvency laws.
Formal Certificates of Professional Development will be issued to all delegates. These certificates will be accepted as evidence for CPD purposes by most professional institutes and associations, including the Law Society, the CIM, the CMI, the ICAEW, the Institute of Learning and the CIPD.
Suitability - Who should attend?
This training course has been designed for both experienced and newly appointed Company Directors, as well as their specialist advisors and consultants, who want to ensure that they are complying with all of the relevant laws and regulations, as well applying the highest standards of Corporate Governance within their companies.
The Chair of the Board of Directors, along with all other Company Directors, both Executive and Non-Executive Directors, as well as current and prospective, will benefit from this training course.
Outcome / Qualification etc.
Formal Certificates of Professional Development will be issued to all delegates. These certificates will be accepted as evidence for CPD purposes by most professional institutes and associations, including the Law Society, the CIM, the CMI, the ICAEW, the Institute of Learning and the CIPD.
Training Course Content
The training course will cover:
- The new Laws and Regulations, Effective in 2024
- Legal Framework
- Applicable Laws & Regulatory Framework
- The role and responsibilities of the Company Secretary
- When is a Company Secretary required
- The appointment and removal of a Company Secretary
- Companies Act 2006 Requirements
- Director Definitions
- Executive and Non-executive Directors
- Differences between the Officers of the Company
- Appointment and Removal of Directors
- Seven Statutory Director Duties
- Director Liabilities, Insurances and Indemnities
- Declarations of Interest
- Director Pay
- Director Contracts
- Director Loans and Transactions
- Memorandum and Articles of Association
- Shareholder Communications, Relationships and Dealings
- Legal Reporting Requirements
- People with Significant Control
- Shadow Directors, Defacto Directors and Alternate Directors
- UK Corporate Governance Code effective in 2024
- Overview of the Code
- Board Evaluations
- The role of the Chairman
- Independent Non-Executive Directors
- New Directors, Appointment & Induction
- Board Committees
- Shareholder Relations and Meetings
- Shareholder Dissent
- Insolvency Act 1986 and the Director Disqualification Act
- Director Liabilities
- Director Actions and Conduct before Insolvency
- Insolvency Process
- Creditors, Secured, Preferred and Unsecured
- “Pre-Packs”, Pre-Packaged Administrations
- Director Disqualifications and how to avoid accidentally giving rise to a disqualification
- What you can and cannot do to try to save a failing company
- Common Mistakes and their consequences
DAY 2
- UK Corporate Governance Reform Drivers
- Quoted Company Director Pay
- Unquoted Company Director Pay
- Shareholder Dissent
- Engagement with the Workforce
- Engagement with the other Stakeholders
- New legal requirements effective in 2024
- Wates Corporate Governance Principles Context
- Audits, Current Status and Proposed Changes
- EU Corporate Governance
- Relevance to UK companies
- Context and relationship to the UK Corporate Governance Code in 2024
- 9 Principles applicable to all companies
- 5 Principles applicable to large or complex companies
- Non-Executive Directors
- Stakeholder Engagement
- Major Corporate Governance Failures
- Indicators
- Causes
- Impact upon the brands and their finances
- Costs of failure versus the costs of prevention
- International Board Structures
- Dual or Two-Tier Board Structures
- Contrasts to the UK Unitary Board Structure
- German Board Structures
- French Board Structures
- Impact of the Differences upon employment, taxation and company ownership
- Effective Board Meetings
- Principal Duty of the Board
- Direction and Management
- Board Powers and Responsibilities
- Delegated Powers and Limits of Authority
- Board Agenda; Standards and Procedures
- “Any Other Business”
- Board Papers; Standards, Processes and Timings
- Board Minutes
- Meeting Effectiveness Reviews
- Risk Management
- Risk Management and Entrepreneurialism
- Top 5 Risks across all companies
- Emerging Risks
- Corporate Risk Culture
- Rewarding Risk Taking
- Internal Controls
- Risk Management Standard ISO 31000
- Bribery Act 2010
- Scope and Sting
- Six Key Management Principles
- Rolls Royce and Deferred Prosecution Agreements
- Staying out of trouble
- Criminal Finances Act 2017
- Corporate Manslaughter Act 2007
- Scope
- “Controlling Mind” no longer relevant
- Reputation and consequential losses
- Direct Penalties
- Data Protection Act & UK GDPR Board Level Traps & Errors in 2024
- EU defined safe areas
- Data Transfers across countries and companies within the same Group
- Board Level Data Protection Impact Assessments and Data Profiling
- Board Level Data Protection by Design
- Cloud Storage implications
- Corporate email addresses
- Health & Safety at Work Act 1974
- Scope and Relevance
- Duties to Employees and Others
- Penalties and Prohibition/Improvement Notices
- Minimum Practices and Evidence Based Management
- Strategic Financial Management
- Enterprise Valuations; EBITDA, Acquisitions, Disposals and Goodwill
- Impact of Acquisitions upon the finances and the market value of the organisation
- Strategic Budget Issues
- Board Level Recognition of Sales &
- Strategic Sales Management
- Strategic Balance Sheet Issues
Through presentations, hands-on case studies and group discussions, the course tutor will impart exactly the knowledge and information that Company Directors need to fulfil their director responsibilities and duties, as well as to assess and maximise the effectiveness of their own Company Board. Every appointed Board Director, including both Executive and Non-Executive Directors, will benefit from this training course; from the most recently appointed Company Board Director up to the Chair of the Board.
Why choose Professional Directors Association
Professional Directors Association has trained over 40,000 delegates in 10,000 client organizations
99% of our Director Delegates have rated our courses as Excellent and the other 1% as good
Professional Directors Association has been training Directors for 25 years
Reviews
Average rating 5
Phil has good knowledge and an enthusiastic and effective delivery
As a director it is exactly what I needed. The awareness and learning outcomes fit very well with my expectations. Thank you.
Expenses
Training from £695 for 1 Day and £1,295 for the 2 Day Courses; lunch included.
Very informative and pitched at the right level. Answered all questions very well and from an informed background. Excellent course.