THE 4TH ANNUAL BOARD TRAINING

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)

THE 4TH ANNUAL BOARD TRAINING 
Date: 1^st to 5^th May 2023 
Venue: Sarova Whitesands Beach Resort & Spa, Mombasa
Time: 09.00 am-03.30 pm

Overview

The world has experienced economic downturn due to the COVID-19 pandemic.  Business has equally faced diminishing fortunes following the global impact of the pandemic and disrupted supply chains.  With the slowing down of the COVID-19, the world is now moving towards recovery and consolidation of efforts to rebuild the destroyed businesses.

In the midst of all this disruption, effective oversight and governance are key in the recovery process.  The boards and directors who are charged with governance have a heavy responsibility of ably guiding their companies back to profitability and prosperity for purposes of business continuations and future sustainability.  It is, therefore, a critical time for board members, senior executives and aspiring directors to develop the necessary skills that would necessitate the development of resilient return to work plans as well and strengthen the internal controls for the organizations they oversee.

This Board Training will provide an avenue for directors to share knowledge and key lessons on critical governance aspects regarding the main strategic priorities for businesses in the region during the recovery period, lessons on effective virtual oversight, leadership skills and setting the right tone at the top in setting the risk appetite frameworks for their organizations.

The panelists will also share lessons on effective strategic plans and the technological advancements as well as the necessary controls to be employed while working remotely and on site. The ICPAK Board Training will shed light on board-specific strategies to mitigate risk and maximize opportunities. The participants will get the right skills, tools, and frameworks for action plans to address challenges and boost their board’s performance.

It is against this background that the Institute has organized its second Board Training to discuss these critical developments which affect governance, and which have resulted into new risks for organisations.  To guide the discussion during the Conference, the following shall be the main topics of discussion:

Topics:

1. Effective Governance during economic recovery times

• Leadership skills required in a time of crisis.

2. Risk management strategies for effective Boards

• Why risk management is crucial during moments of crisis.
• Strategy formulation in an unpredictable moments & dealing with risk

3. The role of Boards in setting the risk appetite frameworks and in Enterprise Risk Management implementation programs.
4. Important financial management considerations in an uncertain environment

• Working Capital Management
• Profitability vs financial sustainability
• Critical ratios for distress assessment

5. Establishing resilient and streamlined internal controls to deal with emerging risks

• Money laundering and financing of terrorism
• Cybersecurity threats
• Fraud and related threats

6. Governance for the Public Sector entities – State Corporations and Semi-autonomous Government Agencies
7. Cybercrimes and recent technological trends – what are the mitigations measures?
8. The role of the Board in strategy review and formulation processes
   – Aligning economic realities and macro-economic trends with the organizational strategies.
9. Business Continuity Plans and Disaster Recovery Plans
10. Assessing financial distress in an organization

• Ration analysis
• Trend analysis
• Industry benchmarks

11. Board synergy and effective conflict resolution for board functionality
12. Embracing digital transformation for accelerated growth
13. Strategies of evaluating Board performance and positioning the organization for growth.
14. The role of the Board in understanding and contributing to improvement of audit processes
15. Ethical considerations and integrity for the effective board member
16. Impact investing and the link to sustainability and ESG reporting.

Target Audience:

Members of Corporate Boards, Private and Public Audit Practitioners, Public Sector Accountants, Chief Finance Officers, Finance Directors and Managers, Governance advisors, Internal Auditors, Professionals working in County Governments, Academia, and other interested stakeholders.

Financial Commitment:

Note: Delegates are required to make their own travel and accommodation arrangements. Symposium charges cater for training fee, training materials, certificate and meals during the event.

Professional Development Units (CPD Units):

Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending each of the training sessions.

Online Booking:

We call on Conference participants to note that booking is available only online at www.icpak.com/events.

Delegates are reminded to note that online booking for training sessions is MANDATORY.   This is available either online at www.icpak.com/events  or on the ICPAK Live – A smart phone-based application that is available from google store.

National Industrial Training Authority (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)

PARTNERSHIP OPPORTUNITIES
The training presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. For more information or enquiries please email raphael.nguli@icpak.com