INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
THE 7th C-SUITE SEMINAR
THEME: NAVIGATING DAY TO DAY LEADERSHIP DECISION HURDLES TO ACHIEVE SUCCESS
Date: 2nd – 6th November 2020
Venue: Lake Naivasha Resort – NAIVASHA.
OVERVIEW
Senior Executives are charged with the responsibility of ensuring optimal strategic planning and business model re-engineering processes are carried out during and post the pandemic and thus it is very important for them to deeply understand how to navigate the risk -return hurdle when undertaking critical business decisions and how to set smart targets and ensure their accomplishment.
The importance of leveraging on effective risk management practices and risk intelligence to achieve value and streamlined processes across the organization cannot be underscored. In today’s world, Governance Risk & Compliance has become almost mandatory for all organizations in line with strict compliance and regulatory measures put in place in various jurisdictions. Most organizations are faced with the challenge of linking Risk Management to Strategy thus leaving out Risk Management to be stand alone, thereby exposing the organizations to failures that would arise due to lack of congruence of the two.
On the priority list of senior executives is the interpretation of audit reports and understanding of their obligations as senior executives in line with corporate governance requirements. C-Suite executives have a big role to play in continuous audits and in commissioning of special and investigative audits and as such it is important for them to be part and parcel of the entire process to ensure that value is achieved and that any findings thereof are resolved. Effective taxation especially where there are competing business options is also on the priority list of senior executives.
Understanding of the key measures and tax principles that would aid in achieving some savings for the organization and avoidance of penalties, losses and suits is equally very important for the top management. The Financial Statement Close Process and its importance in ensuring the organization reaps value from the financial reporting process whilst ensuring compliance cannot be ignored. C-Suite executives play a big role in ensuring the inputs and outputs of the FSCP are well aligned and in compliance to the key standards while ensuring that the critical pillars of the organization’s strategic plan have also been taken into consideration.
In most cases corporate failure has always been parked with the CEOs office and most board members fail to understand the dual responsibility that is placed on both management and the governing organ of the business. Frequent data breaches and cyber security attacks have left organizations exposed to both Financial and Reputational risks that require a unified cyber-attack aversion approach by management and the board. While growth and cost management remain a key priority for most organizations there is an overarching concern over the need to place technology enablement in the priority list with the realization that decisions in the new age of a digital workplace will be data driven.
An ever changing and complex labor market driven by external factors like economic trends and changing demographics continues to present a challenge in retaining talent and offering psychological safety to the workforce. Generational gaps in the workforce and demand for flexibility in HR practices by the younger generation present another complexity in workforce engagement calling for continuous review of how companies attract and retain top talent in an ever-changing labor market. Boards play a critical role in supporting management during crisis management by providing coordinated leadership that guides the business through the disruption. Business Continuity plans become the guiding compass in times of managing a crisis and as such the C-suite must emphasize the need for prevention and recovery systems that shield the business from unforeseen disruptions.
In modern times, leadership become so important because people are recognizing that becoming a better leader changes life. Everything rises and falls on leadership. The world becomes a better place when people become better leaders. More and more people recognize the value of good leadership, yet not very many works to become better leaders. Despite the widespread prevalence of leadership books and classes, many people think leadership is not for them. The critical leadership tenets of character and influence are important if adhered to by senior executives as they will form the foundation upon which their leadership is anchored upon.
Instilling work life balance in the lives of busy executives is also a great milestone and if taken into consideration, many executives would use their time wisely and balance the wheel of life to attain value and live more fulfilling lives. The use of effective delegation and time management principles would free senior executives to participate more in strategic issues and networking to create value added partnerships while at the same time enhancing the work life balance equation.
This seminar has been designed to provide an opportunity for senior executives to share experiences and ideas on the various dilemmas and opportunities as presented above.
The seminar is geared to focus on the following key topics:
1) Optimal Strategic Planning and Business Model Re-engineering During and Post the Pandemic
• Navigating the risk -return hurdle when undertaking critical business decisions
• Setting smart targets
• Unaccomplished Strategic Plan Actions- Tough decisions and proposed actions
2) Leveraging on effective risk management practices and risk intelligence to achieve value and streamlined processes across the organization
• Governance Risk & Compliance
• Linking Risk Management to Strategy
• Setting the right tone at the top for effective risk management
• Risk Appetite and Tolerance
• Power Business Intelligence (BI) Tools and Dashboards
3) Reaping value from the audit processes, both internal and external:
• Interpretation of audit opinions
• What C-Suite Executives need to know about Management Letters
• Principles of effective audit planning and risk-based audits
• Overview of Forensic and Investigative audits
• The role of C-Suite executives in implementing audit findings to enhance value across the organization
4) Effective taxation principles to enable informed decision making on competing business options by C-Suite executives.
5) Overview of the Financial Statement Close Process (FSCP) and the role of C-Suite executives in enhancing presentability, compliance and reliability of Financial Statements
6) Leveraging on automation to create value:
• Overview of successful ERP Implementation Processes- Key milestones expected by C-Suite Executives before signing off
• Increasing role of Board and senior executives in Cybersecurity Governance
• Technology and the Future of Work – Future skills for success at the C- – Suite level
7) Strategic Human Resource tenets for the next decade
• Workforce planning and employee engagement as a top priority for the C-Suite
• Effective succession planning principles
• Overview of performance contacting
8) Overview of legal compliance obligations and enforcement of various contract clauses during and post the pandemic
9) Developing the leader within you:
• Leadership without a title
• How to lead by influence
• Mentorship and coaching skills
• Navigating through the 5 Levels of Leadership to reach the Pinnacle
• The foundation of leadership- Character
10) Focusing on the diversity and inclusivity agenda to create motivation for the millennial workforce
11) Instilling work life balance in the lives of busy executives
• Balancing the wheel of life
• Effective delegation and time management principles
• Why mental and physical health should become a priority for senior executives
TARGET AUDIENCE
The seminar is ideal for mid-level and high-level executives including Chief Executives, Managing Directors, Chief Managers, Heads of Departments, Senior Managers, Chief Finance Officers, Chief Operations Officers, Chief Information Officers, Chief Compliance Officer, Chief Human Resources Manager, Chief Security Officer, Chief Green Officer, Chief Analytics Officer, Chief Medical Officer, Chief Data Officer, Management Consultants, and Accounting Officers of Government Units and entities. This seminar is not limited to the accountancy profession only, staff from other units are highly encouraged to attend.
Financial Investment:
| Category | Charges per Delegate |
| Members/ACCA Members | Ksh.80,000 |
| Non-Members | Ksh. 80,000 |
**the cost caters for training fee| training materials, certificate and meals during the conference
Note: Delegates are required to make their own travel and accommodation arrangements.
CPD Units
Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending all seminar sessions.
Dress Code
Business Casual
Online Booking and more information
We call on seminar participants to note that booking for the seminar is available only online at www.icpak.com/events . Delegates are reminded to note that online booking for events is mandatory.
For more information or inquiries please email emma.opiyo@icpak.com with a copy to eric.otieno@icpak.com or visit www.icpak.com
NITA Reimbursement
The Institute is registered as a trainer with the National Industrial Training Authority (NITA) The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only. To qualify you should apply to NITA for approval prior to the date of the seminar
Welcome
