Corporate Governance for Startups & SMEs Training Course

Introduction

"Build a strong foundation for your startup or SME with our Corporate Governance Training. Learn to implement best practices, enhance investor confidence, and drive sustainable growth. Equip your team with the essential governance tools to navigate the complexities of business and ensure long-term success."

Duration

5 days

Target Audience

This course is designed for:

• Startup Founders and CEOs: To establish effective governance from the outset.
• SME Business Owners and Managers: To improve existing governance practices.
• Board Members (or Advisory Board Members) of Startups and SMEs: To understand their roles and responsibilities.
• Investors and Venture Capitalists: To assess the governance of their portfolio companies.
• Key Employees: Involved in decision-making and strategic planning.

Course Objectives

Upon completion of this course, participants will be able to:

• Understand the importance of corporate governance for startups and SMEs.
• Establish clear roles and responsibilities for founders, management, and boards.
• Develop effective decision-making processes.
• Implement financial controls and transparency.
• Manage risk and ensure compliance.
• Build strong relationships with investors and stakeholders.
• Create a culture of ethical conduct.
• Understand the legal requirements related to governance.
• Understand the importance of building advisory boards.

Course Modules

Module 1: Foundations of Corporate Governance for Startups and SMEs:

• Why governance matters for small businesses.
• The unique challenges of governance in startups and SMEs.
• Key principles of good governance.
• Building a governance culture.

Module 2: Roles and Responsibilities:

• The role of the founder/CEO.
• The responsibilities of management.
• The function of the board of directors/advisory board.
• Defining clear lines of authority.

Module 3: Decision-Making and Strategic Planning:

• Developing effective decision-making processes.
• Strategic planning for growth.
• Setting goals and objectives.
• Managing change.

Module 4: Financial Management and Transparency:

• Implementing financial controls.
• Budgeting and forecasting.
• Financial reporting and transparency.
• Understanding financial statements.

Module 5: Risk Management and Compliance:

• Identifying and managing business risks.
• Legal and regulatory compliance.
• Data protection and privacy.
• Intellectual property protection.

Module 6: Investor Relations and Stakeholder Engagement:

• Building relationships with investors.
• Communicating with stakeholders.
• Managing expectations.
• Understanding capitalization tables.

Module 7: Ethics and Corporate Culture:

• Developing a code of conduct.
• Promoting ethical behavior.
• Building a positive work environment.
• Understanding conflict of interest.

Module 8: Scaling Governance:

• How governance changes as a company grows.
• Preparing for future funding rounds.
• When to build a formal board of directors.
• Succession planning.

General remarks

• Customizable courses are available to address the specific needs of your organization.
• The participant must be conversant in English
• Participants who successfully complete this course will receive a certificate of completion from Lenol Development Center.
• The course fee for onsite training includes facilitation training materials, tea break and lunch.
• Accommodation and airport pick up are made upon request
• For any inquiries reach us through info@lenoldevelopmentcenter.com or +254 710 314 746
• Payment should be made to our bank