Corporate Governance Code, Principles and Best Practices

5 Found
Date Duration Venue Fees
10-14 Jun 2024 5 Days Dubai - UAE US$4,450 Register
02-06 Sep 2024 5 Days Dubai - UAE US$4,450 Register
09-13 Dec 2024 5 Days Dubai - UAE US$4,450 Register

Course Overview

Corporate governance is the system by which companies are governed by the Board of Directors. The boards of directors are therefore responsible for the governance of their companies. Corporate governance therefore essentially involves safeguarding the interests of a various stakeholders of the company, such as majority shareholders, minority shareholders,  company management , customers, suppliers, financiers, the government, and the community. The shareholders appoint the directors and the auditors and to ensure that a proper organisational structure is in place. The board, in turn, appoints a Chief Executive and set the company’s strategic vision and mission plan, and provide leadership to put them into effect.

After Enron scandal in the U.S. and introduction of Sarbanes Oxley law, most of the governments have come up with their own Code of Corporate Governance as part of its legal system. Although applicable to only listed companies, non-listed companies are also encouraged to follow to protect the interest of all stakeholders. The code also requires Directors to be more conscious of the company’s affairs and, unlike the past, cannot plead ignorance. In most countries, it is now a mandatory requirement for to attend a training course on corporate governance to be a member of the board of directors.

Course Objectives

This course in Corporate Governance offers an excellent learning experience with a view to set up a high performing board to meet the global business challenges. In this course, you will learn some of the best Board practices, composition of the Board and the roles of various Board Committees.

The programme addresses key governance issues such as transparency, accountability, independence and covers understanding financial reports, particularly for professionals with non-finance background.

After the training course, you will be able to:

  • Ensure a sound basis for an effective corporate governance framework.
  • Equip the Board with skills required to perform their duties as Directors.
  • Apply best practices of the Board for an effective and efficient management.
  • Promote transparency, accountability, fair disclosure and equitable treatment for all stakeholders across the organisation.
  • Ensure full compliance with the regulatory and reporting requirements

Target Audience

This course is suitable to a wide range of working professionals but will greatly benefit:

  • Chairmen and members of the board of directors.
  • C-suite executives including CEOs, CFOs and COOs.
  • Independent directors.
  • External and internal auditors.
  • Senior executives and members of management committees.
  • Shareholders and business owners eager to learn the fundamentals of financial planning.

Training Methodology

The course is customized to suit the requirements and professional background of the participants. The programme is conducted by highly experienced trainer with the help of power point slides, and  video presentations. Some practical exercises are also included for better understanding of the subject. The course will be highly interactive sharing experiences and the trainees are encouraged to participate in practical exercises and group discussions.

Course Outline

Day One


  • What is corporate Governance?
  • Objectives of corporate governance
  • The four Ps
  • Key players in corporate governance
  • Principles of corporate governance
  • Good Board Practices

Board of Directors

  • Composition of the board
  • Responsibilities of the Board
  • Evaluation of the Board
  • Role of the Chairman
  • Responsibilities of Chief Executive
  • Functions of Company Secretary
Day Two

Board Committees

  • Composition of Audit Committee
  • Functions of Audit Committee
  • Remuneration Committee

Internal Control

  • Internal Control Procedures
  • Internal Audit
  • Role of Internal Audit
  • Additional requirements for external auditors
  • Supreme Audit Institution
Day Three

Components of Financial Statements

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Statement of changes in equity
  • Notes to Financial statements

Finance for Non-Finance Professional

  • Basic Accounting terms
  • General Accounting Concepts
  • Accounting Policies
  • Revenue Recognition
  • Internal Accounting / Reporting Standards
  • Understanding financial statement
Day Four

Financial Analysis

  • Analysing financial statements
  • Horizontal Analysis
  • Vertical Analysis
  • Liquidity v/s Solvency
  • Ratio Analysis

Risk Management

  • Risk Factors
  • Risk Management Steps
  • Risk rating
  • How to manage risk
  • Role of Chief Risk Officer
Day Five

OECD Guidelines on Corporate Governance

  • Basis for an effective corporate governance framework
  • The rights and equitable treatment of shareholders and key ownership functions
  • Institutional investors, stock markets, and other intermediaries
  • The role of stakeholders in corporate governance
  • Disclosure and transparency

HR Department

  • Role of HR in corporate governance
  • Succession Planning
  • HR Policies
  • New trends in HR policy making
  • Human Governance
  • HR Best practices


Upon successful completion of this training course, Newage Certificate will be awarded to the delegates.

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