Boards of directors have two key roles – a performance role to help the company perform well and achieve long-term success, and a conformance role to ensure that the company is transparent, accountable, and complies with ethical standards, rules and regulations. The Malaysian Code on Corporate Governance sets out the key responsibilities of the board relating to the performance and conformance roles.
Often, independent directors in particular focus predominantly on the conformance role, neglecting their performance role. The performance and conformance roles are often linked – for example, in making major acquisitions to help the company grow, directors must ensure that there is proper due diligence, the interests of the company and all shareholders are protected, and disclosure and shareholder approval rules are complied with.
In this 1-day program, participants will discuss real-life case studies of companies around the world covering topics relating primarily to the performance role of the board. Participants should ideally have already completed a basic director training program. There will be minimal lecturing by the facilitator and the program will involve primarily discussion and debate among participants.
Cases will involve issues such as major disruption to the business; strategic changes; diversification; mergers, takeovers, acquisitions and divestments; environmental and social risks; and financial distress and insolvency. The cases will span a range of companies, including government- linked, family-controlled and widely-held companies, and both financial and non-financial
At the end of the program, participants will be better equipped to:
- Assess major risks of disruption to the business and possible actions;
- Review and approve strategic decisions and monitoring implementation;
- Identify and incorporate major environmental and social risks into strategic decisions;
- Evaluate, approve and monitor diversification, M&As and divestments;
- Learn how to deal with financial distress and insolvency.
Who should attend?
Directors of public listed companies who have completed a basic director training program and would like to be further equipped to carry out their roles and responsibilities more effectively.
Should the Covid situation worsen and infection rates rise, we may resort to conducting the programs online or via a hybrid mode. In the event that that happens, please rest assured that participants will be notified ahead of time.