Board Independence and Corporate Governance
TRAINING OVERVIEW
Introduction
The role of the board independence in the dynamic landscape of corporate governance is paramount. Therefore, this training is designed to provide a comprehensive understanding of the concept of board independence and its significance in shaping effective corporate governance structures. The training sessions will delve into the reasons behind the increasing emphasis on board independence and its correlation with organizational success and sustainability.
Objectives of the Training:
The participants of this training will:
- Gain a comprehensive understanding of the concept and importance of board independence in corporate governance.
- Explore legal and regulatory frameworks governing board independence and its implications on organizational dynamics.
- Understand the role and responsibilities of independent directors, with a focus on best practices for selection and onboarding.
- Analyze strategies for identifying and effectively managing conflicts of interest within the board.
- Examine the evolving landscape of board diversity and its impact on fostering independence, while discussing practical insights for implementation.
Training Outlines
Session 1: Understanding Board Independence
Key Learning Outcomes:
- Concept of board independence and its relevance in corporate governance.
- The legal and regulatory frameworks that govern board independence.
- Responsibilities and duties of independent directors.
- The impact of board independence on stakeholder trust and organizational performance.
Session 2: Implementing Effective Board Independence Practices
Key Learning Outcomes:
- Best practices for selecting and onboarding independent directors.
- Strategies for managing conflicts of interest within the board.
- The role of board committees in enhancing independence.
- The evolving landscape of board diversity and its impact on independence.
Date: Thursday, May 9th, 2024
Venue: Virtual
Training Fee: NGN200,000.00 (Two Hundred Thousand Naira Only).
Time: 10am – 3pm
Who Should Attend
This training is designed for board members, executives, company secretaries, compliance officers and individuals responsible for shaping and implementing corporate governance policies within their organizations.
Key Takeaways:
Participants will leave the training with:
- Practical insights into selecting and integrating independent directors.
- Strategies for identifying and managing conflicts of interest.
- Understanding of the pivotal role of board committees in enhancing independence.
- Insights into promoting diversity within the board and its influence on independence.