THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
BOARD INDUCTION WORKSHOP
THEME: STRENGTHENING THE CAPACITY OF BOARDS FOR EXCELLENCE IN THEIR OVERSIGHT MANDATE
DATE: 15TH- 19TH AUGUST 2022
VENUE: DOUBLE TREE BY HILTON KUALA LUMPUR, MALAYSIA
TIME: 09.00AM-03.30PM
ABOUT THE INSTITUTE
The Institute of Certified Public Accountants of Kenya (ICPAK) is a regulatory body mandated to regulate and coordinate the activities of qualified and registered Certified Public Accountants (CPAs) in Kenya – including promoting research into the subject of accountancy and finance and related matters, publication of books, periodicals, journals and articles in connection therewith; promoting the international recognition of the Institute, advising the Examination Board on matters relating to examinations standards and policies, advising the Minister for Finance on matters relating to financial accountability in all sectors of the economy and setting and enforcing standards of professional practice such as accounting, auditing and ethical standards.
The Institute of Certified Public Accountants of Kenya (ICPAK or the Institute) was established by the Accountants Act Cap 573 laws of Kenya and amended by the Accountants Act no 15 of 2008, with the primary mandate to register, regulate and develop the accountancy profession in Kenya. ICPAK is a member of the International Federation of Accountants (IFAC), the global umbrella body for the accountancy profession, and the Pan African Federation of Accountants (PAFA). Over its long history it has registered over 29,000 members. Its members work in diverse sectors of the economy as accountants, financial experts, auditors and financial consultants. Over 800 of our members have emigrated and are working beyond the borders of Kenya. Members of the Institute are present in 41 different countries around the globe.
ABOUT THE SEMINAR
In fulfillment of its mandate to develop accountants, the Institute holds Continuous Development Programs in which participants interact with invited resource persons, share experiences, and develop policy proposals for consideration by government through the Ministry of Finance. In exercise of its mandate, ICPAK will hold a one-week Seminar on Board Induction from 15th to 19th August 2022 in Malaysia, themed “Strengthening the capacity of Boards for excellence in their oversight mandate” discussions arising from the seminar are planned to shed light on the challenges, opportunities, and lessons in enhancing transparency to foster economic growth and development in Africa.
A Board Induction Programme is a structured way of providing new board members with all the information and support they need to be confident and productive in their role. The aim is to help new members to understand the organisation, the environment in which it operates, and their role in making the organisation a success.
A comprehensive Board induction programme can last for between a few months and a year, depending on scale and complexity of the organisation. It will typically involve welcoming the new board member and introducing them to the board team and other key personnel, including the CEO and executive directors of each functional area of the company; an introduction to the strategic plan and financial position of the organisation; an introduction to the governance arrangements which are in place; meeting with key stakeholders where relevant and regular reviews with the chair to check understanding, identify issues and encourage development.
New Board Members are faced with the challenge of lack of authentic information on where to start in familiarising with their role for them to hit the ground running. It is often expected that the new board members should be well experienced without an expectation for induction on basic board matters as well as self-management tips for them to be successful in their role. Lessons on self-management, dress code, etiquette, emotional intelligence and how to conduct effective meetings are all critical for the success of the individual board member as well as that of the entire board in performance of its oversight role.
In line with the above, the Institute has lined up a series of lessons and workshops to build the capacity of new Board Members while enabling knowledge sharing within the more experienced delegates across various sectors. This workshop is geared to provide a platform for leaders and new board members to share ideas and obtain knowledge on what is required in their new role as Board Members. Discussions on what works and what does not in terms of board governance, board dynamics and strategic board involvement for all members will also be explored. The seminar will also touch on other self-leadership skills for success.
KEY TOPICS
- Overview of the King IV Code of Corporate Governance
- Implementation of the Mwongozo code of Corporate Governance in Kenya
- Self-management toolkit for the new Board Member- What next after appointment?
- Overview of the legal framework on Board Formation, Size, Competence and Evaluation
- Striking a balance in the relationship between Board, Management and Staff
- The contribution of individual Board Members in attaining a positive Board Culture
- Overview of the Board evaluation process and the different roles and responsibilities
- Role of the Board in Policy Development and Review
- The role of Board Chairman, Secretary and Members
- How to conduct a Board Meeting: Role simulations and case studies
- The relationship between the Board and its Committees- How Committees should fit in to Board Reporting Structure
- Forming effective Board Committees in the Public and Private Sectors
- The role of Boards in organizational culture change
- Guidance on competence of Committee Chairs
- Formats of a Board Pack and Board Papers
- Overview of the key components of a Board Charter and how to develop one.
- Best practice in development and review of Board Minutes
- Board approvals and board resolutions- Best Practice in capturing Board Resolutions
- Automation of Board Paper Reviews and Meetings
- How to prepare for a Board Meeting
- Understanding and navigating Board Politics
- Networking tips for a new Board Member
- Dress Code and etiquette tips for the new Board Member
FINANCIAL COMMITMENT:
| Category | Seminar Fees |
| Kenyan based Members/ACCA | Kshs. 170,000 |
| Non-Members | Kshs. 170,000 |
**Note: Delegates are required to make their own travel and accommodation arrangements.
TARGET AUDIENCE
The Board Induction Workshop is ideal for Board Members, Board Chairpersons, Board Committee Members and Committee Chairpersons, Board Secretaries, CEOs, Managing Directors, Senior Management, Aspiring Board Members, Business Owners and Entrepreneurs, Chief Managers, Heads of Departments, 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. These courses are not limited to the accountancy profession only, leaders from other professions are highly encouraged to attend.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS
Members of ICPAK and those from other reciprocating professional bodies will earn 20 CPD units upon successfully attending all seminar sessions.
TRAVEL REQUIREMENTS
For non-Kenyan delegates, please enquire with your embassy on the travel requirements. ICPAK shall avail invitation letters to support delegates VISA processing. To request for one, email: fredrick.otwori@icpak.com or raphael.nguli@icpak.com
NITA REIMBURSEMENT
The Institute is registered as a trainer with National Industrial Training Authority. 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 and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke).
CONTACT
Further requests can be channeled to us via email to fredrick.otwori@icpak.com or raphael.nguli@icpak.com with a copy to memberservices@icpak.com or telephone call on +254 719 074 100.
We encourage delegates to regularly visit our website www.icpak.com for updates.