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BOARD INDUCTION WORKSHOP: FOR NEW BOARD MEMBERS

Event

Title:
BOARD INDUCTION WORKSHOP: FOR NEW BOARD MEMBERS
When:
Tue, 7. August 2018 - Wed, 8. August 2018
Where:
Hilton Hotel - Nairobi,
Category:
General

Description

For any new director — particularly when joining the audit committee — a learning curve comes with the territory. Just how steep that learning curve is and how quickly a new director is able to contribute meaningfully to committee meetings, hinges directly on the quality of the induction and onboarding process. Understanding the business – its operations, strategies, risks, and management team – as well as the responsibilities and culture of the board and its committees takes time. But a structured induction programme – including essential information and briefing materials, quality discussions with key people, and a “roadmap” for getting up to speed – can greatly accelerate a new member’s integration and contribution to the committee’s work. For new audit committee members, onboarding presents an added layer of complexity as compared to board members in general – given the intricacy and scope of the financial reporting/accounting, legal/ regulatory compliance and risk oversight issues on the audit committee’s plate. It is corporate governance best practice to offer a formal induction programme for new members. It is with this in mind that we have organized a two day workshop to take new board members on A-Z of audit committee business.

Key Topics
i. Legislative and Regulatory Requirements
-Leading practices across the world
- Strong effective audit committees
-The Mwongozo Code of Governance for State Corporations
- Clear accountability for risk management and internal control
- Structure and operations of internal audit (including professional standards)
- Reporting lines of the chief audit executive (organizational independence)

ii. Role and emerging expectations of contemporary audit committees
- Policy considerations
- Purpose, mandate, responsibilities and coverage
- Understanding key definitions (eg accountability, independence, objectivity, public interest, value)
- Key features from better practice publications
- Contributing value to the entity

iii. Techniques for running effective audit committee meetings
- Stakeholder engagement
- Leveraging the individual capability of committee members
- Annual meeting calendar
- Setting the forward agenda and individual meeting agendas
- Getting the right support with clear, concise, and meaningful reporting

iv. Key governance features of audit, risk management and compliance
- Insights from the governance lighthouse
- Risk management and internal control frameworks (including fraud & corruption prevention)
- External accountability (including published financial statements)
- Compliance with applicable laws and regulations
- Internal and external audit delivery

v. Three-pillars approach for measuring and reporting audit committee’s contribution
- Compliance with charter obligations
- Participation of audit committee members
- Value added activities pursued and outcomes achieved
- Making connections (ie emerging issues; culture; strategy; patterns, trends, systemic issues)
- Audit committee reporting (both internally and externally focused)

The workshop will be held on 7th to 8th August 2018 at the Hilton Hotel, Nairobi. Charges are Kshs. 30,000 per person. The charges are subject to VAT. Members in attendance will earn 14 Hours of CPD.


For reservation please visit www.iiakenya.co.ke or call us on +254721615863/742143913

 


Venue

Location:
Hilton Hotel
City:
Nairobi
Country:
Kenya

We are here to serve you during the following business hours:

Monday to Friday: 8.30am to 5pm
Saturday and Sunday: Closed
Phone: +254 0721 615 863

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Partner Information

  Internal Auditor magazine: Internal Auditor magazine shares timely, helpful, indispensable information for professionals.
  The Institute of Internal Auditors Kenya is affiliated to the Institute of Internal Auditors Inc. Click here to visit the global IIA website

 

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