INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under Accountants Act, Laws of Kenya)
THE 7th BOARD MASTERCLASS
Theme: Effective Boards for Championing Enhanced Organizational Value
Date: 15th – 19th April 2024
Venue: Sarova Whitesands Beach Resort & Spa, Mombasa
OVERVIEW
Evolving market dynamics, globalization, and the growing dimension and complexity of organizations are making the position of boards vital to the enterprise’s overall viability. Boards must cope with a slew of new expectations, challenges, and risks, demanding the greatest degree of corporate governance and effective performance in their roles. Whether it is meeting regulatory requirements, financial resilience, shareholder value maximization, risk management, or executive team leadership concerns, these dynamics present multi-faceted challenges to any contemporary organization’s leadership no matter how experienced they may be.
One of the most important roles of board members is ensuring that their organization’s finances are in order. Board members serve as trustees for the assets of the organization and must undertake due diligence to ensure that the organization is well-managed and that its financial status is sound. Accountability for an effective board extends beyond financial performance and sustainability. It encompasses the board members’ collective and individual intents and conduct. The board of directors is the setter and custodian of performance standards, the foundation builder, the developer and manager of corporate strategic plans, and the initial owner of the company vision and mission. The board of directors guides the organization toward its objective, ensures financial stability, and serves as the public face of the entity.
The 5-Day Master Class is geared to provide a platform for discussions on what works and what does not as lined up in each of the 5 modules as indicated below. This Master Class is intended to equip new and current board members with the prerequisite knowledge on the roles of the board, strategy formulation, alignment and review, risk management and the role of the board amongst other areas. The Master Class will also offer an avenue for networking with other board members drawn from both public and private sectors.
LEARNING OBJECTIVES:
This program is divided into the following five modules covering the various aspects of Board Competence:
| DAY | MODULE | TOPICS | KEY AREAS TO BE COVERED |
| DAY 1 | A. Board Effectiveness | The Four Pillars of Board Effectiveness
1. People 2. Information Architecture 3. Structures and Processes 4. Group Dynamics 5. Strategies for Future-Proofing Boards 6. Board Readiness & Effective Corporate Governance |
1. Their Quality, Focus & Dedication 2. Understanding personality Types within Boards 3. Psychological Safety and Constructive Dissent 4. Critical intelligence aspects for a board member 5. Building your board room capital 6. Future proofing your board
|
| DAY 2 | B. Financial Stewardship & Accountability | 1. The Role of the Board in Financial Oversight
2. Key Financial Red Flags 3. Review of Financial Information and Statements by the Board 4. The Control Environment |
1. Key highlights in the financial oversight role
2. What directors should know from the periodic financial reports and ratios presented to them. 3. What to look out for in Financial Statements as red flags 4. Practical session on review of financial statements |
| DAY 3 | C. Strategic Leadership | 1. The Governance of Strategy
2. Evaluating Strategy Delivery 3. Risk Governance 4. Corporate Responsibility 5. Technology and the automation agenda |
1. The Board & Governance of Strategy
2. Digital transformation, automation, and the role of the board 3. The role of the board in risk management 4. Corporate citizenship |
| DAY 4 | D. The Board and Organizational Risk Management | 1. The Board’s Responsibility in Risk Management
2. Risk in the Board Room 3. Leading Practice in Risk Management Responsibility by Boards 4. Board Succession Planning |
1.The ERM Framework
2. Setting the Risk Appetite 3. Risks facing the Board 4. Creating the Risk intelligent organization 5. Succession planning for the Board as a whole |
| DAY 5 | E. Moving Forward & Lessons for Boards | 1. Case Study of Successful Boards
2. Boards of the Future
|
1. Why Boards Fail
4. The Future Ready Board |
Continuous 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.
Target Audience:
Members of Corporate Boards, Board Secretaries, CEOs, 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.
Your investment:
This Master Class shall be provided at a cost of Sh.90,000.
Continuous Professional Development Units:
Members of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the Master Class.
Online Booking:
We call on all 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)
CONTACT
Further requests can be channeled to us via email to fredrick.otwori@icpak.com with a copy to marketing@icpak.com or telephone call on +254 732 352476.
We encourage delegates to regularly visit our website www.icpak.com for updates.
