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Training Course Summary:

The new Combined Code on Corporate Governance will apply to reporting years commencing on or after 1st November 2003. This course reviews all the principal aspects of the corporate governance debate in the United Kingdom and covers existing legislation, rules, regulations and best practice. Following the series of major corporate scandals surfacing during the recent bear market, a clear recognition and understanding of the inter-related responsibilities of directors, shareholders and auditors are of critical importance to the avoidance of similar problems arising in future. Participants will gain a good working knowledge of the corporate responsibilities of those who control, manage and monitor the activities of a company for the benefit of its shareholders.

Training Course Overview/Content:

The expansion of corporate governance
Cadbury, Greenbury, Hampel
Turnbull, Smith, Higgs
The new 2003 Combined Code
Transitional arrangements
Objectives of corporate governance

Principles of corporate governance
Responsible control
A balanced board
Competent independent directors
Effective risk assessment
Efficient monitoring
Reliable reporting

Roles & responsibilities
Chairman
Executive directors
Non-executive directors
Institutional shareholders
External auditors

Board committees
Finance committee
Audit committee
Nomination committee
Remuneration committee
Personnel committee

Implementation
Listing rules
Smaller companies
An effective board
Risk management
Internal controls & fraud
Best practice guidance