Law@work, UCT Faculty of Law, is pleased to present a three-day course in corporate governance.
If you are not trained in law, you may be surprised by the number of rules, regulations and laws you may break while operating a business, without even knowing it! Once in place, corporate governance procedures will reduce wastage and help a business become more efficient. They also reduce the amount of risk and attempts of corruption and mismanagement.
Corporate governance is often associated with big companies but SME's can also benefit from this practice. For larger companies, a corporate governance programme can boost your reputation, and by instituting rules can limit the potential of employee fraud and conflicts of interest. Companies following a set of best practices will tend to act in the best interest of the business and stakeholders, gaining the trust of investors, customers, the community, and stake holders, as well as enjoying greater profits and faster growth.
About the course Corporate governance can be defined as the system by which companies are directed and controlled through relationships between a company's management, its board, its shareholders and other stakeholders.
An important element of any good corporate governance system is the clear definition of the role, duties, rights, and expectations of each of these stakeholders operating within a dynamic environment. Since 2001, corporate governance has received renewed interest internationally. This was due to high-profile company collapses, such as Enron and WorldCom in the US, and the global financial crisis in 2008/2009. Saambou and African Bank are further examples of high profile corporate collapses in South Africa and poor corporate governance. Companies are required to act in a responsible manner and in this regard directors and management must give due regard to social, environmental and economic factors if sustainable performance is to be maintained.
King IV, developed in South Africa, is an example of an internationally regarded highly authoritative corporate governance code, as is the Code for Responsible Investing in South Africa (CRISA). These codes, together with the key applicable legislation, set the frameworks within which all organisations should operate.
Who should attend? Small business owners, corporate lawyers, compliance officers, risk managers, company secretaries, aspirant directors, board committee members, senior managers, and officers charged with governance duties in an organisation.
Course outline The following topics will be dealt with during the course: An overview of corporate governance International corporate governance trends The evolution of corporate governance in South Africa An in depth review of King IV including ethical and effective leadership Regulation and legal entities Directors' and prescribed officers' including role and responsibilities and business judgement rule Board Committees including Audit / Risk / Social & Ethics / Remuneration / Nomination Role of the Company Secretary Risk governance and risk management Integrated reporting/transparency and disclosure Sustainability corporate social responsibility and CSI Remuneration Governance The shareholders role and review of Code for responsible Investing In South Africa (CRISA )
NB. Various case studies will be utilised in a group discussion format
Date: 06 November 2019 to 09 November 2019 Time: 09:00 - 17:00 Venue: Cape Town, Cape Town Cost: R7,995/delegate. Includes parking, teas, lunches, course materials
More info: Instructions regarding the programme and directions to the venue will be sent to you electronically a week prior to the event.