THE 3RD ANNUAL BOARD TRAINING

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

THE 3RD ANNUAL BOARD TRAINING 
Date: 9TH -13TH MAY 2022 
Venue: Sarova Whitesands Beach Resort & Spa, Mombasa
Time: 09.00 am-03.30 pm

Theme: Equipping Boards with technical skills for organizational growth and success

Overview

Governance can incorporate many different practices. Specifically, some of the primary best practices include building a competent board, aligning strategies with goals, being accountable, having a high level of ethics and integrity, defining roles and responsibilities, and managing risk effectively.

The COVID-19 pandemic, coupled with many other social and institutional challenges has resulted into tremendous developments around the globe with great impact on governance practices and accelerated risks in both large and small organisations.  This situation has thrown Boards and management teams in organisations into uncharted territories and faced with hard decisions to make. The risks facing those charged with governance are enormous and requiring constant re-evaluation of corporate strategies and risk mitigation measures.

Additionally, many of the vast changes that have taken place in what is considered good governance, disclosure and related areas has resulted from pressure from investors, rather than from laws, regulations and listing standards. In very many cases the laws, regulations and listing standards that have greatly impacted governance, such as voting and other processes, have majorly resulted from investor pressure.

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.

It is against this background that the Institute has organized its third 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 Leadership skills for Board members in a time of crisis.
2. Effect of the 2022/23 Fiscal Budget on economy: The role of Boards in steering the organizations towards alignment with key budget priority areas.
3. The role of Boards in cushioning organizations during an election year: Formulation of critical plans pre and post elections
4. The role of the Board in understanding and contributing to improvement of audit opinions- An overview of cross cutting audit issues and the value of board involvement in decision making
5. Risk management strategies following the effects of COVID-19 on the economy:

• Why risk management is crucial in a crisis.
• Strategy formulation in an uncertain environment (dealing with risk)

6. A review of the book: Boards That Lead: When to Take Charge, When to Partner, and When to Stay Out of the Way by Ram Charan, Dennis Carey and Michael Useem
7. Important financial management considerations in an uncertain environment

• Working Capital Management
• Profitability vs financial sustainability

8. Establishing resilient and streamlined internal controls to mitigate emerging risks.
9. The role of Board in leveraging on technology to deliver on organizational strategic objectives
10. Assessing financial distress in an organization (case studies, examples and group work)

• Ration analysis
• Trend analysis
• Industry benchmarks

11. An overview of the Board Evaluation process to enhance value creation
12. Networking tips and strategies for new Board Members
13. Positioning for influence as a Board Member
14. Critical communications tips Continuous

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 and will close two hours before the training session.

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)