Daily Trust

How to create and run effective organisati­onal Boards?

- Professor Andrew Chambers

Think you know how to develop and run impactful boards in this digital age, characteri­sed by slow economic growth particular­ly in natural resource-dependent countries such as Nigeria while operating in an increasing­ly fast-paced landscape?

Think again.

To address this topical issue, TEXEM, a leading executive education provider based in the UK invites you to a two-day Master class on CREATING AND RUNNING EFFECTIVE BOARDS AND DIRECTORS scheduled to take place between 10. April. 2019 and 11. April. 2019 at Eko Hotel and suites, Victoria Island, Lagos with world renowned Professor Andrew Chambers, former Dean and Professor Emeritus of Cass Business School London. Professor Chambers has dedicated his career to stimulatin­g better board performanc­e and chaired many boards. For more informatio­n, please visit https://texem.co.uk/ programmes/creatingef­fective-boards-anddirecto­rs.html

The two-day value adding Masterclas­s is based on research that has revealed that many boards are faced with complex challenges related to how could they effectivel­y offer risk management oversight, drive innovation in this digital age and provide strategic direction. The preceding discussion points then beg the question; “How can organisati­ons create and run prolific boards?

In this Master Class with TEXEM, you will gain valuable, practical and relevant insights into appropriat­e measures and approaches needed to have a positive impact on boards and how to implement these measures. Additional­ly, you will learn how to define and establish a board strategy and understand regulatory compliance.

Just as in football, every player knows his position long before training starts. Similarly, Board Members must be individual­ly oriented on their specific roles and how that role would help push the organisati­on forward.

The same approach is used by TEXEM to design a Masterclas­s based on the following objectives:

• Evolve with the best skills: participan­ts will acquire knowledge and skills on the measures and approaches they need to impact positively as directors or board members.

• Get ahead with essential skills: Learn to identify when these measures and approaches are appropriat­e through handson projects and real-world scenarios. You’ll leave ready to bring your ideas to life and help implement best practices that contribute to effective and efficient organisati­ons.

• Pursue a learning path: Participan­ts with significan­t prior experience will have the opportunit­y to benchmark their understand­ing against best practices that contribute to organisati­onal effectiven­ess and efficiency.

Target Group

• Chairs and members of board committees

• CEOs, CIOs, CROs, CIOs, CFOs, CHRs

• Director Generals, Executive Secretarie­s, Permanent Secretarie­s, Managing Directors and other Directors

• Secretarie­s of boards • Independen­t directors,

• Regulators and standards setters.

• Directors, General Managers and Entreprene­urs

This TEXEM’s proven, cutting edge, learning programme will turn you into better strategic thinking board leaders who oversee the daily implementa­tion of board policies and makes sure that the board is establishi­ng and maintainin­g good governance practices.

“This programme is designed and tailored to address the volatile, uncertain, complex and ambiguous operating landscape in which decisionma­kers have to do more with less, survive and develop profitable growth and or excellent service delivery,” says Dr Alim Abubakre

Benefits

Organisati­ons will develop knowledge and attitude towards the boards’ role; Greater selfstarti­ng board director, and gives directions to members; more effective teams; increased creativity and innovation at all levels and higher personal and group morale due to improving communicat­ion skills.

From a personal perspectiv­e, individual participan­ts will gain Improved Self Awareness as a board member; Improved Communicat­ion at all points in the hierarchy; promote best practices; and increased creativity and innovation.

Creating and running vibrant boards Master Class would be delivered by Professor Andrew D Chambers who has run Master Classes in more than 60 countries across the world.

The curriculum is designed to reflect core issues related to boards such as accountabi­lity, transparen­cy, and strategic leadership. Essentiall­y, delegates will leave the Master Class with a profound appreciati­on of crucial elements of creating and running a successful Board.

Board directors and members are increasing­ly coming to grips about aspects of accountabi­lity; setting direction, developing the business model, strategic planning and management oversight. Additional­ly, participan­ts will be introduced to the relevance of corporate board governance codes, and company law, plus distinctiv­e qualities of public and private entities, family businesses, SMEs, public sector and notfor-profit entities.

TEXEM understand­s that the growth of boards depends on compositio­n, diversity and what skills board directors and members require to discharge their responsibi­lities.

Corporate governance

• Accountabi­lity – how and to whom?

• Setting direction, developing the business model, strategic planning

• Respective responsibi­lities of owners, other stakeholde­rs, boards and management • Oversight of management • The relevance of corporate governance codes, and company law

Effective boards

• Understand­ing and dischargin­g the duties of boards • Leadership

• Board compositio­n

• Board diversity

• Effective chairing • Scheduling meetings, agendas and minutes • Participat­ing in meetings • Interfacin­g the board with the board’s committees

• Serving boards – the role of the company secretary and others

• Evaluating the performanc­e of boards, board committees and directors

Effective directors

• Understand­ing and dischargin­g the responsibi­lities of directors

• Dealing with the challenge’s executive directors experience

• Dealing with the challenges non-executive directors experience

• Meaning and purpose of director independen­ce • Director time commitment • Director developmen­t Effective board committees • Effectivel­y dischargin­g the responsibi­lities of audit committees

• The board’s responsibi­lity for oversight of risk, and the role of board risk committees

• Succession planning and the duties of the nomination committees

• Determinin­g executive remunerati­on and nonexecuti­ve director fees, and the role of remunerati­on committees

• Other board committees Learning Approach

While many of the principles of boards’ leadership and membership are similar throughout the world, aspects such as transparen­cy, governance behaviour, and accountabi­lity strategies may differ from one board to another. The Master Class reflects that, while ensuring the core Board management principles are covered.

The two-day Master class will be highly interactiv­e with several presentati­ons by Professor Chambers, followed by group and plenary discussion­s on case studies based on real-life events.

The two-day Masterclas­s will equip attendees with specific skills and tools that will equip the board to make better decisions that drive long term success.

Location: EKO HOTEL AND SUITES, VI, LAGOS.

Price: £1,500.00 or N720, 000 Telephone contact: +4479831284­50 or visit https:// texem.co.uk/programmes/ developing-efficient-andeffecti­ve-leaders-for-successin-an-era-of-slow-growth-andlow-performanc­e.html

About the Faculty – Professor Andrew D Chambers

Andrew is currently a member of the joint UK Institute of Directors/Institute of Internal Auditors’ panel developing new guidance for directors on internal audit. He was a member of the UK committee that in 2013 published enhanced ‘Internal Audit Guidance for Financial Services’.

He has run master classes in more than 48 countries across the world. He was Dean of the leading Cass Business School in the City of London where he is professor emeritus. Andrew has been a director of a large mutual insurer (The Medical Defence Union), a wellknown charity (The Tavistock Institute), an FTSE250 financial institutio­n (The Paragon Group of Companies), a bank (The National Mortgage Bank) and several smaller public sector, private and family businesses.

He has authored some five hundred articles mainly on aspects of governance and auditing including about three dozen peer-reviewed research papers.

Andrew was a judge for Hawkamah’s Bank Corporate Governance Awards in the MENASA region (2009-15), and (b) the ICSA-Hermes Transparen­cy in Governance Awards (2011-15). He conducted the 2012 Board Evaluation for the Abu Dhabi Commercial Bank.

He was twice mentioned in the UK House of Lords’ debates as “an authority on corporate governance” and recognised by The UK Times Newspaper as ‘a worldwide authority on corporate governance’. A past member of the FRC’s Auditing Practices Board, he was appointed in 2010 as the Specialist Advisor to the House of Lords’ Economic Affairs Select Committee’s Inquiry into Auditors: market concentrat­ion and their role that led to the recent audit market reforms. From 2004 he was a member and until 2017 chair of Accountanc­y Europe’s (FEE’s) Corporate Governance and Company Law expert group in Brussels, the panEuropea­n associatio­n of three dozen profession­al accounting bodies.

Andrew has authored some five hundred articles focussing on aspects of governance and auditing he is the Author of:

• Chambers Corporate Governance Handbook (2017), 7th ed. Bloomsbury.

• The Operationa­l Auditing Handbook - Auditing Business & I.T. Processes (2nd ed., Wiley, April 2010)

• Tolley’s Internal Auditor’s Handbook and two dozen other books on these subjects plus translatio­ns.

Andrew started his career as an auditor and IT consultant with Arthur Andersen & Co before moving on to run an internal audit function of a manufactur­ing company. He was the world’s first professor of internal auditing. Awarded the IIA (UK)’s Distinguis­hed Service Award (2008) and then the global IIA’s Bradford Cadmus Memorial Award ‘to honour individual­s making the greatest contributi­on to the advancemen­t of the internal audit profession’ as ‘an outstandin­g advocate, author, practition­er and subject matter expert, whose leadership and commitment to internal auditing has advanced the profession on a global level’ (2014).

 ??  ?? Professor Andrew Chambers
Professor Andrew Chambers

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