BDF - Board and Director Fundamentals

Course Description This course provides a broad-based understanding of what a director of a company needs to know with regard to his or her duties, responsibilities and liabilities, and how he or she can be effective as a director.

The course is designed for directors of companies incorporated under the Companies Act, which includes directors of commercial companies and those nonprofit organisations which are incorporated as Companies Limited by Guarantee (CLGs).
Course Objectives
  1. Define key duties and responsibilities of the board and directors.
  2. Explain the regulatory framework for directors and companies.
  3. Identify the key elements of financial and other disclosures needed.
  4. Describe the key components of effective board leadership.
  5. Recognise the balance between performance and compliance.
Course Outline
  1. Key factors in the regulatory environment.
    • What and who is a director?
    • What is corporate governance?
    • The roles and responsibilities of key regulatory bodies in Singapore: the Accounting and Corporate Regulatory Authority (ACRA), Inland Revenue Authority of Singapore (IRAS), Ministry of Manpower (MOM) and Monetary Authority of Singapore (MAS).
  2. Legislation affecting all companies.
    • The Companies Act and other legislations that a director needs to know.
  3. Director duties and responsibilities.
    • A director’s fiduciary duty of care and skill.
    • The key statutory duties and responsibilities of a director.
    • Expectations of a director: disclosure, financial, tax and audit.
    • Strategy for directors.
  4. Being a director.
    • Due diligence and considerations in accepting a directorship.
    • Liabilities for breaching the duties imposed on directors.
    • Directors’ and officers’ liability (D&O) insurance.
  5. An effective board.
    • The key components of an effective board.
    • Understanding key relationships: the board, the auditor, the company secretary, shareholders/owners, and management.
    • Board meetings, workings and processes.
Level Fundamentals.
Target Audience
 Aspiring and new directors, C-suite, senior management and governance professionals.
Course Duration 1 day (lunch provided).
Delivery Classroom lecture, discussion and Q&A.
Cost SID Member : $520 (excl. GST); $556.40 (incl. GST).          
Non-SID Member : $660 (excl. GST); $706.20 (incl. GST).
CPD Hours 8 hours.

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