THE 4TH BOARD MASTER CLASS

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
THE 4TH BOARD MASTER CLASS
DATE: 5TH – 9TH DECEMBER 2022
VENUE: DOUBLE TREE BY HILTON, CHICAGO, UNITED STATES OF AMERICA
TIME: 09.00am-03.30pm

Theme: Establishing resilient strategies that drive positive board culture and effective leadership skills for the modern-day director

OVERVIEW

Internal and external opportunities and challenges mean that boards must sometimes manage change and/or implement new approaches to maintain success. Change management also includes preparation for change and developing winning plans for succession. This Board Master Class will help your board develop the right strategies for change management and create advance plans for seamless change in times of transitions.

The Board of directors are responsible for overseeing the management of the business and in doing so, they are required to act in the best interests of the Company. The core principles of good corporate governance such as fairness, accountability, responsibility & transparency are essential for all Boards to adopt for successful execution of their mandate. Effective stakeholder management is essential for all Boards to implement. Directors should ensure to incorporate the principles of effective Stakeholder Management in their Board Culture and operations for successful execution of their mandate. One of the critical aspects of stakeholder management is also the relationship between the Board, Management and Staff. This relationship if well managed in line with best practice corporate governance styles will lead the organization to growth and fulfillment of its core mandate and mission. One of the grey lines which directors struggle with is how far to go in terms of engaging with the entity’s management and staff. It is prudent to exercise good governance by following the right laid down protocols and for directors to minimize their day-to-day interactions with company staff for effective execution of their role.

Board composition and the role of each board member, their skills and competence are also fundamental aspects of how effective the Board will be in its performance. Boards delegate some of their roles to Board Committees as specified in the Board Charter. These Committees, their formation, leadership, and meetings ought to be transparent to the Board and report to the Board every Quarter or as necessary. The legal framework on formation of Boards and Board Composition will also be discussed at length in the master class, and Board members will have a chance to interact with the relevant Board instruments that are pertinent in performance of their roles. The master class will also provide an opportunity for directors to gain practical knowledge on how to conduct meetings in the physical and virtual environments. As the effects of the pandemic are coming to the fore, one of the major disruptions that took the world by surprise was the inability to conduct physical meetings, which led different entities to be agile enough and embrace virtual meetings as part of their acceptable means of discussions. These brought about its own challenges, and it is important for Boards to evaluate whether they have adopted the right controls for the virtual working environment. Boards that had previously automated their Board papers faced less challenges with privacy concerns and data protection issues as opposed to those that had not embraced automation. During the master class, the participants will have a chance to interact with the various available eBoard systems and the reports and dashboards that if implemented would make their work easier.

One of the core essentials for effective and successful Boards is the self-leadership and resilience of individual directors. To ensure success as a Board and develop a positive Board Culture, it is important for individual directors to develop their capability to influence and manage board relations, leverage on their competitive advantage for sustainable success and develop skills to navigate through Board dynamics and Board Politics. Engaging with diverse stakeholder perspectives and entrenching the corporate, social and community responsibility for each individual director will also aid in development of a positive Board Culture. Executive presence and emotional intelligence if inculcated in the lives of individual directors will provide an overall positive effect to the entire Board resulting to an improved Board Culture with better performance.

Board competence and skills are also very important for the successful leadership of an organisation. It is paramount for directors to build in depth knowledge in the required technical areas of the business to enable them to perform effectively in governance and advisory. Financial Reporting and the interpretation of key financial rations and statistics is important for all directors. Risk Management, risk appetite and the inculcation of the same to the organisation’s strategy and KPIs is very critical for successful monitoring and implementation by Management. As disruptions continue to emerge and different innovations implemented in the world and nationally, it is important for directors to familiarise themselves with the leading practice in the digitisation and automation agenda and be at the fore front in providing the tone at the top that is required by organisations during the automation journey.

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 6 modules as indicated below. This Master Class is intended to provide new directors with critical knowledge and insights that will enable them to ‘hit the ground running’ in their governance and leadership roles. It is also a good program for Board Induction and an opportunity for delegates to build their professional skills and network with other like-minded Directors from different sectors.

LEARNING OBJECTIVES:

This program is divided into the following six modules covering the various aspects of Board Competence:

Target Audience:

Board Members, Board Chairpersons, Board Committee Members and Committee Chairpersons, Board Secretaries, CEOs, Senior Management, Aspiring Board Members, Business Owners and Entrepreneurs,

FINANCIAL COMMITMENT:

**Note: Delegates are required to make their own travel and accommodation arrangements. 

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: 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 raphael.nguli@icpak.com with a copy to memberservices@icpak.com or telephone call on +254 732 352476.

We encourage delegates to regularly visit our website www.icpak.com for updates.