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The role and responsibilities of the Independent Non-Executive Director (INED)

30 Oct 2018 09:30 - 12:30
Cordium UK offices
130 Jermyn Street, London, SW1Y 4UR
Training & Workshops, Auditing, Tax & Accountancy
Audit, Tax & Accountancy, Banking, Clearing Houses, Outsourcing, Consumer Credit, Energy Market Participants, Gaming, Investor Relations, Life Assurance, Mortgage & Home Finance, Pensions, Securities & Investment, Wealth Management

This course can be delivered onsite or as an instructor lead course at a firm’s office. If you would like to discuss your training requirements in more detail please contact Graham Dix on 020 7484 3987 or your usual Cordium consultant.

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Course Overview:

The financial crisis of 2008/10 revealed some alarming deficiencies in the governance of firms in the “regulated sector”. Of particular concern to the Regulator was the contribution to good governance of Non-Executive Directors (NEDs) and especially the Independent NEDs (INEDS).

This briefing seeks to focus on the key role of the INEDs, what regulators expect of them and will point to the critical on-going relationship between the Board/Executive Body, Senior Management and all in the firm, whether they are from the EU or elsewhere, i.e. “the tone from the top”.

The session will further attempt to provide an update on UK regulators’ latest guidance and policy statements and their impact on INEDs in addition to the obligations on all Directors under the UK Companies Act and Conduct Codes. As the former CEO of the FCA put it:

“This is about the importance of individual decision making and behaviour. We must recognise and learn from cases where decisions are being taken effectively, behaviours are good and firms are building a sustainable culture of responsible behaviour.”

Course Objectives:

  • Give an overview of Directors’ responsibilities under the Companies Act, Codes of Corporate Governance and the FCA and PRA;
  • Describe the impact on firms of the Basel Committee’s “Revised Principles on corporate governance”
  • Outline FCA / PRA expectations of NEDs and INEDs;

Key topics:

  • The current UK regime
  • Regulatory expectations
  • Culture and  the INEDs place in these;
  • Practical advice for current and future INEDs
  • The potential downsides

Course aimed at: Senior Management/Executive Directors/Non-Executive Directors/Compliance Officers/Internal Auditors

This course can also be delivered at your office and can be tailored to your specific requirements.

If you would like to discuss your training requirements in more detail please contact Graham Dix on 020 7484 3987 or your usual Cordium consultant.

£349.00
7 Points
Cordium - Education and Training
130 Jermyn Street, London, SW1Y 4UR, United Kingdom.

Email: Graham.Dix@Cordium.com
Tel: +44 (0) 20 7691 9722
Contact: Graham Dix. Manager Training Solutions