Session 1 – Advising on Corporate Governance

This session will enable you to apply the highest standards of corporate governance to a variety of practical situations. Corporate governance is one of the key areas of technical knowledge at FAE and is of paramount importance to the work of a chartered accountant. Corporate Governance appears regularly in the technicall press including the Financial Times and has been an important topic in its own right in FAE.
It is appropriate that Corporate Governance is session 1 in Risk Management and Sustainability as appropriate corporate governance underpins the entire process of strategy formulation, business risk management, shareholder engagement and the broader system of internal control. These aspects, and others, of the FAE Competency statement cannot be fully understood and applied without understanding the bedrock on which they are built, being effective corporate governance.
Session Overview
01.01 Background and introduction
01.02 The Corporate Governance environment
01.03 Introduction to “new”  UK Corporate Governance Code (2018)
01.04 Introduction- ‘Comply or Explain’ principle
01.05 Board Leadership and Company Purpose (section 1)
01.06 Division of Responsibilities (section 2)
01.07 Composition, Succession and Evaluation (section 3)
01.08 Audit, Risk and Internal Control (section 4)
01.09 Remuneration (section 5)
01.10 Irish Corporate Governance Annex (ROI only)
01.11 Stakeholder Mapping
01.12 Corporate Culture
Learning Objectives  

• Demonstrate a comprehensive understanding of the need and role of governance in the management of an entity and the roles and responsibilities of those charged with governance

• Determine appropriate responses to practical governance/ ethical issues facing an entity

• Identify key stakeholders in a given situation and their governance needs including possible stakeholder mapping techniques

• Analyse governance and management structures of entities and identify weaknesses and possible actions to address these, bearing in mind ongoing changes in regulations, best practice and principles of good governance

• Advise on the (internal & external) role of accountants in the governance framework

• Recognise the importance and effect of leadership, culture and values on strategic direction

   
   

FAE 1920 CORE RISK MANAGEMENT & SUSTAINABILITY