The Masterclass for Independent Directors is a one-day intensive course that is designed to prepare experienced directors gearing to take up the role of Independent Directors. Series of regulations in Nigeria have completely changed the working environment of companies and the configuration of their boards. The demand for dynamic, visionary, versatile and discerning board members has increased substantially in Nigeria and so has the need for specialized training to boost their capacity to cope with the rigorous challenges ahead. Intricate corporate issues often expose companies to varied perils which may lead to avoidance failures, steep fines and penalties along with loss of reputation for both the directors and their establishment. Collective responsibilities of the full board towards the stakeholders is a concept which is at the core of the new corporate business environment.
The role of independent non-executive directors in the emerging corporate landscape features prominently in new corporate governance codes. The introduction of independent directors on the boards, capable of dispassionate assessment of the decisions of the management, is widely considered as essential for protecting the interests of shareholders and, where appropriate, other stakeholders. Having truly independent directors serve on boards of private or public companies has become “best practice.”
As evidenced in notable governance scandals locally and globally, the importance of independence has become even more critical. Independence allows a board director to objectively evaluate the performance and well-being of the company without any conflict of interest or undue influence of interested parties.
This course is designed to provide detailed knowledge of all legal aspects and relevant provisions relating to Independent Directors in the various industries.
1. Provisions relating to the types, roles and responsibilities of Independent Directors/Audit Committee and Related Party Transactions.
2. Essential views on issues relating to Financial health of organizations, Share Capital, Loans, Accounts, Deposits, Private placement buy back, etc
3. Critical concern on risk, both internal and external and strategic overview of officer in default, fraud definition, Inspection/Inquiry, Vigil Mechanism and Corporate Social Responsibilities.
The workshop will be highly interactive and will comprise of case study presentations, Important issues arising from the aforementioned provisions affecting the Corporate Sector will be extensively examined to broaden outlook participating directors.
You are requested to avail yourself of the opportunity to exchange views and ideas with the experts on various provisions, particularly on the ‘Independent Directors’ and generally on changing profiles of boards, their company strength and the future of the corporate sector.
Duration: 1 day
Time: 9 a.m – 4 p.m
Date: May 11-12, 2020 (Lagos)
Oct 20-21, 2020 (Lagos)
Fee: N200,000 (Two Hundred Thousand Naira), to cover professional fees, training materials, case presentation, simulations, tea/coffee, lunch and certificate.
This course will be of immense interest to all Independent Directors in Nigeria and beyond. Those who apply to be listed in the register of Independent Directors of IoD Nigeria. Chief Executive Officers (CEO), CFOs, Compliance Officers, In-house Counsels, Corporate Lawyers, Legal Heads, Chartered Accountants, Cost Accountants and Company Secretaries.
The following categories of persons would find the course beneficial:
1. Non-executive board members
2. New Independent Directors as part of their induction training
3. Individuals available to take on Independent Directors responsibilities
4. Chairperson of board and board committees
A feature of this one-day intensive course is the use of mini case studies as part of most sessions. The sessions provide ample opportunities to discuss realistic situations, which typically arise in real-world scenarios. It is decidedly interactive, providing the participants a stage to benefit from debates and learning from sharing experiences.
IoD Nigeria Independent Directors Register
Those who attend this course would meet the requirement of being listed in the Independent Directors register of IoD Nigeria
IoD maintains a register of qualified directors from diverse fields willing to serve as Independent Directors on the Boards of various companies or the Governing Bodies of various commercial, social and other statutory bodies in Nigeria and abroad. Senior Professionals in any discipline are invited to send their structured CV to IoD Nigeria and may be invited for the masterclass. We appreciate that maintaining confidentiality of your CV is important in our relationship with you.
Our Independent Director (ID) programmes are designed to support directors through the technical and regulatory challenges they face across various boards.
1. Technical workshop briefings
2. Business discussion events with key speakers
3. Social receptions
4. Thought leadership, news and insight
Terms and Conditions
PAYMENT: Full payment in favour of ‘Institute of Directors Nigeria’ for director development course, must be made before the commencement of the applicable training programme.
DISCOUNT POLICY: 2.5% discount for 3-5 delegates from the same organisation.
CANCELLATION/POSTPONEMENT POLICY: Request for cancellation should reach the secretariat ten (10) working days before commencement of the course. For any cancellation or postponement with appropriate notification, handling and administration charge of 20% of the fees will be paid. If the notice is received within five (5) working days before the course commences, all the fees are forfeited.
SUBSTITUTE POLICY: Delegates may send a substitute, provided the IoD secretariat is notified in advance and the substitute meets eligibility criteria and is acceptable to the IoD. If the substitute is a non-IoD member, the fee difference must be paid prior to the course.
BENEFITS: Business speakers with outstanding experience of training are specially selected to share their knowledge and experience with delegates. The IoD Director Development Programmes equip members with news skills and competences to help bring your knowledge of key business issues completely up to date. Delegates who are not IoD members are welcome to all Director Development courses and programmes. The IoD Nigeria Director Development Programmes offer the ideal corporate manpower development opportunities and veritable chance to network with other business leaders. You can explore business opinions on some of the most authoritative insights into how business can thrive locally and internationally.
For enquiries, contact:
Tobi Adeosun, Tel: 0706 214 8115 Email: firstname.lastname@example.org
Theresa Idok, Tel: 0803 282 5038 Email: email@example.com
Sunday Adenipekun, Tel: 0803 765 8976 Email: firstname.lastname@example.org