INTRODUCTION
Clearly, corporate governance is the basic framework from which effective risk management takes shape. Corporate governance elaborates the division of responsibility within the organisation for risk management and determines the means with which, at each level, risk management will be implemented. This training offers insights into the world of corporate finance, risk, and governance. Capital markets are central to the globalization phenomenon and essential for a well-functioning society. Because of this centrality and essential nature to societies, focus and attention must be paid to their proper functioning and oversight.
To that end, this training course offers an overview of the interaction between management and all other stakeholders. Diverse and complex stakeholder demands are best met by an efficient allocation of resources over an extended period. The course will introduce delegates to the terminology and techniques that are commonly used in corporate finance and will provide significant experience in terms of content, discussion, and case study.
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.
Recognise, 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 OUTLINE
Day 1
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.
Analysing financial statements for profitability, liquidity, efficiency & financial structure.
Investment ratios and market data sources.
Day 2
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.
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Day 3
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.
Day 4
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.
Day 5
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.
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