Finance, Risk Management and Corporate Governance
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Finance, Risk Management and Corporate Governance Course
Introduction:
Corporate governance serves as the foundational framework for effective risk management. It outlines the allocation of responsibilities within an organization for managing risks and establishes the means through which risk management will be implemented at each level.
This training program offers valuable insights into the realms of corporate finance, risk, and governance. Capital markets play a central role in the phenomenon of globalization and are vital for the proper functioning of societies. Given their significance, it is crucial to ensure their proper operation and oversight.
With this objective in mind, the training course provides an overview of the interaction between management and all stakeholders involved. By efficiently allocating resources over an extended period, diverse and complex stakeholder demands can be effectively met.
Throughout the course, participants will be introduced to the terminology and techniques commonly used in corporate finance. They will engage in meaningful discussions, analyze case studies, and gain practical experience in the subject matter.
Course Objectives:
At the end of this Finance, Risk Management and Corporate Governance Course, the participants will be able to:
- Specify the exact nature and scope of corporate financial reporting
- Identify and criticize specific concepts, rules, and procedures are in place for corporate financial reporting
- Understand how & why working capital is critical in today’s world
- Understand how & why capital structure can make or break a firm
- Learn how capital budgeting can go so wrong if not performed properly
- Identify and overcome limitations that are inherent in corporate financial reporting and/or corporate governance
- Manage risk analysis & decision making
- Understand and assess company financial reports.
- Determine sources of capital, and capital structure.
- Identify and appraise wealth-generating investments.
- Recognize, quantify, and control financial risk.
- Apply rules of good corporate governance.
Who Should Attend?
This Finance, Risk Management and Corporate Governance Course ideal for:
- Risk and Compliance Managers
- Middle managers who require a more in-depth understanding of the concept of governance & Risk Management for state & Public Sector
- Senior Officials in national, provincial, and local government
- Staff who support the Board or with responsibility for governance
- Heads of Departments, Directors, Senior Managers, Managers, Company Secretaries, accountants and Finance Professionals responsible for Governance & Risk Management
- Executives and Senior Officials of state-owned companies, and as well listed, non-listed organizations
Course Outlines:
Finance and financial information
- The importance of finance in any business.
- The importance of financial knowledge – internal and external.
- The corporate annual report and the financial statements.
- Capital employed: long – term assets and working capital.
- Analyzing financial statements for profitability, liquidity, efficiency & financial structure.
- Investment ratios and market data sources.
Financing the Business and Capital Structure
- Kinds of long-term finance.
- Kinds of short-term finance.
- Calculating the Cost of Equity – what your shareholders expect.
- Calculating the Cost of Debt – it depends on your credit rating.
- The weighted average cost of capital (WACC).
- Choosing the best mix of equity and debt.
Social CAPEX – Analysis of Investment Decisions
- Improving your business with new investment projects.
- Preparing spreadsheet forecasts for investment appraisal.
- Basic appraisal techniques: Accounting Rate of Return (ARR) and Payback.
- Discounted cash flow appraisal techniques: NPV and IRR.
- Capital Rationing and the Profitability Index (PI).
- Dealing with risk in investment appraisal.
Financial Risk Management
- Risk and uncertainty in business.
- How to manage risk – the four Ts.
- Financing risk and operating risk.
- Foreign currency risk management.
- Interest rate risk management.
- Role of Internal Audit, Audit Committee, and Chief Risk Officer.
Corporate Governance
- Identifying the needs of stakeholders.
- The essence and development of corporate governance.
- Corporate governance codes and regulation.
- The role of the Board of Directors.
- International corporate governance and the OECD.
- Growing trends in corporate governance.