Aspiring Directors Programme – Becoming a NED & INED
The Aspiring Directors Programme is designed to equip individuals who aspire to become a Non-Executive Director (NED) or Non-Executive Director (INED) with the necessary knowledge and skills to take on this role effectively. The programme typically covers topics such as corporate governance, risk management, financial management, leadership, and boardroom dynamics.
The programme also includes interactive sessions where participants can engage with experienced NEDs and INEDs, gain insights from their experiences, and ask questions about the role and responsibilities of a NED or INED.
Participants will learn about the legal and regulatory framework that governs the role of NEDs or INEDs and the duties and responsibilities that come with the position. They will also learn how to effectively challenge the executive management team, balance the interests of stakeholders, and ensure effective communication with shareholders.
The Aspiring Directors Programme will be delivered through a combination of online learning modules, case studies, and practical exercises. Participants may also be required to complete assignments and assessments to demonstrate their understanding of the topics covered.
Module 1: Introduction to the Role of NED and INED
- Overview of the role and responsibilities of NED and INED
- Legal and regulatory framework governing NED and INED
- Differences between executive and non-executive roles
- Developing the right mindset and approach for the role
Module 2: Corporate Governance
- Understanding the principles of good governance
- The role of the board in corporate governance
- The importance of transparency, accountability and integrity
- The role of committees in corporate governance
Module 3: Risk Management
- Understanding risk management
- Identifying and assessing risks
- Developing effective risk management strategies
- Risk reporting and monitoring
Module 4: Financial Management
- Understanding financial statements and reports
- Financial analysis and interpretation
- Financial planning and budgeting
- Monitoring financial performance
Module 5: Leadership
- Leadership styles and approaches
- Developing a culture of trust and accountability
- Leading by example
Module 6: Boardroom Dynamics
- Understanding board dynamics and behaviours
- Managing conflicts of interest
- Effective communication in the boardroom
- Building and maintaining effective teams
Module 7: Becoming a NED and INED
- Developing a personal brand and reputation
- Finding the right board roles
- Interview skills and techniques
- Preparing for the role of NED and INED
Module 8: Recent Regulatory Developments Applicable to NEDs and INEDs
- Tenure of Executive Management and Non-Executive Directors of Deposit Money Banks.
- Disclosures to be made by Directors of Insurance Companies
- Induction and Continuing Education for Directors of Insurance Companies
This course will benefit aspiring board members, executives, and senior leaders responsible for decision-making in their organizations. Overall, the Aspiring Directors Programme is a comprehensive training programme that provides participants with the knowledge, skills, and confidence to become effective NEDs or INEDs.
Date – Wednesday & Thursday, 7th and 8th June 2023
Time – 10:00 AM
Venue – Hybrid
Training Fee: NGN 250,000
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