Non-Executive Director (NED) Training Course

Introduction

"Unlock your potential as an effective Non-Executive Director (NED) with our comprehensive training course. This program provides essential knowledge and skills for aspiring and current NEDs to excel in board governance, strategic oversight, and risk management. Learn how to navigate complex board dynamics, fulfill fiduciary duties, and contribute to organizational success. Gain expertise in NED roles and responsibilities, board governance best practices, strategic oversight, risk management, financial acumen, legal compliance, and effective board contribution. Enhance your career as a non-executive director and contribute to corporate governance excellence."

Duration

5 days

Target Audience

• Aspiring Non-Executive Directors
• Newly Appointed Non-Executive Directors
• Experienced NEDs seeking to enhance their skills
• Senior Executives considering NED roles
• Company Secretaries and Governance Professionals
• Investors and Stakeholders interested in NED roles

Course Objectives

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

• Understand the core roles and responsibilities of a Non-Executive Director.
• Navigate board dynamics and contribute effectively to board discussions.
• Fulfill fiduciary duties and legal obligations.
• Provide strategic oversight and challenge management effectively.
• Understand and manage key risks.
• Enhance financial literacy and interpret financial statements.
• Ensure compliance with relevant regulations and best practices.
• Evaluate and improve board performance.

Course Modules

Module 1: The Role and Responsibilities of a NED

• Defining the Role of a Non-Executive Director.
• Understanding Fiduciary Duties: Duty of Care, Loyalty, and Obedience.
• Balancing Support and Challenge.
• The Importance of Independence and Objectivity.
• NED contribution to corporate governance.

Module 2: Board Governance and Dynamics

• Understanding Board Structures and Committees.
• Effective Board Meetings and Decision-Making Processes.
• Building Strong Board Relationships.
• Managing Conflicts of Interest.
• The role of the chairperson and lead director.

Module 3: Strategic Oversight and Planning

• Contributing to Strategic Planning and Vision Setting.
• Challenging Management's Strategic Assumptions.
• Monitoring Strategic Execution and Performance.
• Understanding the Competitive Landscape.
• Evaluating strategic risk.

Module 4: Risk Management and Compliance

• Identifying and Assessing Key Risks.
• Understanding Risk Management Frameworks.
• Oversight of Internal Controls and Compliance Programs.
• Legal and Regulatory Compliance.
• Cybersecurity and data privacy oversight.

Module 5: Financial Acumen for NEDs

• Interpreting Financial Statements and Reports.
• Understanding Key Financial Metrics.
• Evaluating Financial Performance and Risk.
• Asking Effective Financial Questions.
• Understanding the role of the audit committee.

Module 6: Legal and Regulatory Frameworks

• Understanding Relevant Laws and Regulations.
• Corporate Governance Codes and Best Practices.
• Legal Liabilities and Risk Mitigation.
• Whistleblowing and Anti-Corruption Policies.
• Understanding director's liability insurance.

Module 7: Effective Board Contribution and Communication

• Developing Effective Communication Skills.
• Asking Insightful Questions and Providing Constructive Feedback.
• Building Strong Relationships with Management.
• Contributing to Board Evaluations and Development.
• Navigating difficult conversations.

Module 8: Performance Evaluation and Continuous Development

• Evaluating Board and Individual NED Performance.
• Identifying Areas for Improvement and Development.
• Staying Informed about Emerging Trends and Best Practices.
• Building a Personal Development Plan.
• The future of the NED role.

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