Corporate Governance in an Era of Financial Crisis

In this two day course, current directors, prospective directors, and other interested parties will participate in a spirited discussion about corporate governance of public and private corporations – and how the financial crisis has affected the duties and responsibilities of board members.

The course will explore the role of the director and their responsibilities as a board member, with particular emphasis on the lessons learned from Enron, Worldcom, and the recent financial meltdown on Wall Street. The role of the director in Enterprise Risk Management will also be discussed along with approaches to crisis management and disaster recovery. Financial integrity and fiduciary responsibility of directors and management will be explored and placed within the context of the current global financial crisis. Group discussions, short examples, and discussion questions will illustrate the roles and responsibilities of the board and case studies will provide practical examples of real life situations that demonstrate the principles. In addition, there will be a networking event and dinner in the evening following the first day.

This program is being submitted for ISS certification according to the rules & regulations of that organization. Additionally, this program is eligible for CPE credits for CPAs in accordance with the rules & regulations of the National Association of State Boards of Accountancy (NASBA).

No sessions currently available. Contact client services to get the next available date.
CPE CREDITS
14.0
Experienced directors, recently-appointed directors, prospective directors, CEO’s, corporate executives, consultants, regulators, policy analysts, business journalists, and others who seek a comprehensive understanding of the governance processes of corporations and the evolving role of directors in today’s challenging financial environment.
No advance preparation required.
Students will be able to:
  • Describe the history and evolution of US corporate governance
  • Differentiate between the role of directors vs. management
  • Describe the role of the Board in selecting and evaluating the CEO
  • Describe the fiduciary obligations of directors in maintaining financial integrity
  • Explain the responsibilities of the Board in enterprise risk management
  • Describe best practices in planning for crisis management and disaster recovery
  • Describe the structure and responsibilities of Board committees
  • Discuss the role of the Board in strategic planning
  • Describe how recent financial crises have affected corporate directors
A basic understanding of corporate management processes.
"Mr. Chookaszian is one of the most talented speakers I have ever heard."
"Mr. Chookaszian's insight into the current economic crisis was invaluable."
"I now realize how seemingly arcane accounting rules can greatly affect the global economy."
Scheduling Note
There will be a networking event and dinner in the evening following the first day of class.
Day One
Governance and the Responsibilities of the Board of Directors
  • History of governance
  • Legal duties

Board of Directors Structure and Role

  • Role of the Board and role of management
  • Board committees
  • Evaluating the Board and individual directors

Oversight of Management

  • Selection
  • Evaluation
  • Compensation

Evening: Networking Reception and Dinner

Day Two
Fiduciary Integrity and Crisis Management
  • Accounting standards
  • Dissident shareholders and proxy battles
  • Problem identification and resolution

Risk Management

  • COSO enterprise risk management framework
  • Operational and strategic risks
  • Financial and control risks

Role of the Board in Strategy

  • Development of strategic direction
  • Monitoring of results

Clients who register for this course will receive a complimentary 4-month subscription to FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. The move to the electronic version follows an ongoing review of our environmental responsibilities as a global business and as part of the Pearson group. FT.com also has features that are not available in hard copy, such as: Special Reports, Alphaville, editor blogs, education sections and much more! Subscriptions will start within 6-8 weeks of the start of class and are limited to one subscription per client. (Please note: as of May 1, 2011, the electronic subscription replaces the hard-copy 3-month Financial Times subscription.)

Lunch is included for all students taking day classes.