Module 1 (2 Days)

Module 1 sets the stage by reflecting on issues facing Boards today and examines practices and processes that promote or impede effective boardroom deliberations by examining the specific issues faced by FI directors. Among the issues discussed are:-

• the role of the Board in changing financial, legal, regulatory and business environment
• the interplay between the Board and management
• managing information flows
• conceptual and practical issues around director independence
• processes for board selection and assessment to achieve an optimal board mix

Module 2 (2 Days)

Module 2 addresses the role of the Board in enterprise-wide risk management, key concepts in risk analysis, capital management strategies as well as concept of inverse risk logic, stress testing and scenario planning. Some of the areas which will be covered include:-

• components of risk in banks and insurance companies
• value-at-Risk and its limitations
• enterprise Risk Management model
• dealing with extreme events
• case examples of good and bad risk management

Module 3 (2 Days)

Module 3 examines the Board's responsibility for internal controls, audit committee, financial analysis and financial reporting. Key features of this module are: -

• risk organization and its key players (Chief Risk Officer, Asset-Liability Committee, Internal Auditor)
• achieving effective internal controls
• risk mitigation using derivatives: where they can go wrong
• financial analysis and red flags
• achieving effective audit committee

Module 4 (2 Days)

Module 4 takes a closer look at building effective Board teams and role of the Board in strategy and stakeholder relations. Some of the areas this module will be focusing on include: -

• board performance evaluations
• board remuneration and incentive structures
• board dynamics in controlled companies
• value creation and board strategy
• effective stakeholder management