This Course explains all the aspects of Corporate Governance in the United Kingdom and describes the current codes, rules, regulations and best practice.
With the recurrence of major corporate scandals surfacing fairly regularly, a clear recognition and understanding of the inter-related responsibilities of directors, shareholders, auditors, regulators and the current legislative background to commercial activities is a critical factor in the limitation of similar problems arising in future.
Participants will gain an effective working knowledge of the corporate responsibilities of those who control, manage and monitor the activities of both quoted and unquoted companies for the benefit of shareholders and other stakeholders.
Participants will receive a booklet containing copies of 18 slides and 70 pages of very comprehensive notes. Each slide will cover a number of related topics and the accompanying notes will support the content of the course to be delivered by the trainer.
During the course of the day, participants will undertake one or two exercises (problems) in groups of two or three (depending on the size of the class) which will involve considering what advice should be given to a client in particular circumstances. Participants will discuss the exercise with each other and then with the trainer and will receive a written answer to the problem.
You are a non-executive director of Consolidated Widgets Plc, a FTSE-100 company the share price of which has just dropped 30 per cent.. You attend a board meeting called to consider a restructuring proposal. You learn that a vulture fund is accumulating a stake in the company’s debt and a major competitor has just announced its purchase of 12 per cent. of the equity from a previously friendly institutional shareholder and demanded a seat on the board. The chairman resigns and you are asked to take his place. How would you manage the rest of the meeting in order to establish your authority and control and to what questions and from whom would you demand immediate answers.
As the new chairman of Consolidated Widgets Plc, you have called a meeting of the non-executive directors to consider whether the corporate governance procedures of the company are of a standard to which a FTSE-100 company should aspire. The chairmen of the audit, remuneration and nomination committees are present to detail the company’s current procedures for your consideration.