Training Topic: Governance and Compliance
Training Framework/Standard: KING IV
- Duration 2 Days
- Virtual or Classroom
This two-day Corporate Governance course will provide directors and management with an understanding of key Corporate Governance principles and offers practical advice on Corporate Governance best practice. It provides in-depth coverage of the King IV Corporate Governance Code, board structures, roles and committees, reporting and disclosure, corporate social responsibility and risk governance, IT governance and compliance.
Led by an experienced tutor, this two-day course will guide you through an implementation of an effective Corporate Governance and Ethical Leadership, using a combination of practical exercises, group activities and class discussions.
Course Introduction and Overview of Governance Risk and Compliance (GRC)
- Corporate Governance
- Enterprise Risk Management
- Compliance Management
Introduction to King IV
- Objectives of King IV
- The National and International context for the development of King IV
- King IV definition of governance outcomes of ethics, performance, control and legitimacy.
- Underpinning philosophies of King IV
- The differences between King III and King IV in the context of:
- The principles
- The implications of ‘Apply and Explain” vs “Apply or Explain”
- The outcomes based approach where companies are expected to consider their impact of their operations on the 6 capitals i.e. Financial, Manufactured, Intellectual, Human, Social and Relationship, Natural.
- Legal Status of King IV
- Scope of application of King IV
- Application – appropriate application of King IV
- Transition from King III to King IV
Application of KING IV in Public Sector Context
- Governing Body responsibilities
- Risk Management
- Internal and External Audit
- Combined assurance
- Fighting Corruption
Leadership, Ethics and Corporate Citizenship
- Ethical Leadership
- Ethical decision-making
- Being intellectually honest
- Avoiding conflicts of interest
- Ethics management
- The steps of an ethics management programme (King Report)
- The role and benefits of corporate values
- Ethics statements (examples)
- Integrating values with operations
- Setting the example
- The characteristics of an ethical leader
- Organisation Values, ethics and Culture
- Responsible corporate citizenship
- Managing organisational ethics
- The new King IV recommendations
Performance and reporting
- Strategy, implementation, performance
- Reports and disclosures
Governing Structures and Delegation
- Role of the Governing Body
- Composition of the governing body
- Committees of the governing body
- Delegation to management
- Performance evaluations
Roles and responsibilities of the Audit and Risk Committee
- The role of the Audit and Risk Committee
Governance Functional Areas
- Risk and opportunity governance
- Understanding the key aspects of risk and the role of the Committee in defining the Risk Strategy of the company;
- Enterprise Wide Risk Management Principles and practical examples of effective implementation in the context of the company; and
- Overview of Fraud Risk Management and the role of the Committee in this area
- Technology and information governance
- Compliance governance
- Remuneration governance
- Assurance
Stakeholder Relationships
- Stakeholders
- Responsibilities of shareholders
Key areas learning covered during this course include:
- A practical framework for implementing successful Corporate Governance
- Practical application of key principles of King IV Governance Code
- Director’s duties, classifications and accountability
- Latest international Governance trends
- Linkage between Governance, strategy & sustainability
- Understanding risk governance and IT Governance
- Understanding compliance
- Leadership, Ethics and Corporate Citizenship
No examination available for this course.
None.
Training Events
Frequently Asked Questions
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Why choose us?
We have over 22 years of experience in helping businesses and employees reach their potential with advanced skills and certifications, no matter what their industry or background experience.
All our services are bespoke, which means we offer the freedom and flexibility to create a solution specific to your industry & training needs.
We can use one or more of our services to deliver the outcome required to gain the maximum results for your business.
Specialist Consultancy Services
We offer a free introductory consultation service, to get an understanding of your organisation, your working environment & your training needs.
Our expertise & experience, combined with your working knowledge, delivers results that are practical & specific to your needs.
Training That Works
We have been involved in many differing, diverse & interesting projects & we have built relationships with organisations from varying industries & sizes. Our efficient, cost-effective and engaging training courses are designed for your company and team to improve the overall business performance and equip employees with up-to-date skills and knowledge.
Talk to us today, and let us help you develop your team with our bespoke training and consultancy services.
Do you only deliver training in Johannesburg?
No, we deliver training in all 9 provinces within South Africa. We have also delivery training in several countries such as Belgium, The Kingdom of Saudi Arabia, Togo, Zambia, Rwanda, Tanzania and Swaziland.
What are the minimum and the maximum number of candidates we can train in-house?
The minimum number of candidates required for in-house training is 6. With regard to the maximum number, this depends a little on the size of the training room you have available, but we normally say between 15 – 25.
Can you tailor the course to our specific requirements?
Yes, all of our courses can be tailored to your requirements. We will aim to refer to working examples within your business or industry.
Who are your clients?
Our clients come from companies and organisations of all sizes within the public and private sector. We work in most industries and have a proven track record of delivering high levels of customer satisfaction. See some of the names we have worked with here.
