ICMA Pakistan is officially approved by SECP to conduct Directors’ Training Program (DTP). Since June 2012, ICMA Pakistan has so far conducted several DTP programs in different cities and awarded certificates to over hundred Board of Directors, in addition to Chief Financial Officers, Chief Internal Auditors, and Companies Secretaries of Listed Companies.
Under the Listed Companies (Code of Corporate Governance) Regulations, 2017, there is a mandatory requirement for all companies to ensure that by June 30, 2019, at least half (50%) of the directors on their boards have acquired the prescribed certification under any SECP-approved Directors’ Training Program.
In a major break-through for gender diversity in corporate boards in Pakistan, the SECP has required listed companies that their boards shall have at least one female director when it is next reconstituted not later than expiry of its current term or within the next one years from the effective date of these Regulations, whichever is later.

In the course of this program you will learn the best practices of corporate boards, how to leverage your skills to effectively lead, assemble and analyze the right level of information, rise to the challenges of changing times and effectively align the interests of individuals, organizations and society.

Shareholder Activism :

In this session, you will examine the recent increase in shareholder activism and the controversies surrounding it. This session will provide a historical examination of activism and review whether activists have a short- or long-run orientation in their investment.

Board Oversight and Spotting the Warning Signs of Management Failure :

Boards of directors are charged with oversight of companies, and a key component of that is risk assessment — which has become particularly vital in recent years. While there are many aspects of risk that are important, the one set of factors that business overseers tend not evaluate carefully is the strategy, leadership, and process attributes of companies.

Director Liability Risk :

The goals of this session are to reconcile the divergence between perceptions of personal out-of-pocket liability risk for outside directors and the reality of that risk. We will explain how directors can ensure that their companies’ directors and officers liability insurance policies and indemnification arrangements provide appropriate protection, and describe the board’s monitoring roles.

Social Studies: Why Social Media Matters for Boards :

Social media has fundamentally changed the ways in which companies and customers interact, creating both new opportunities and new risks for businesses. This session develops a framework for thinking about social media from the perspective of a board member.

CEO Succession Planning :

Surveys of corporate boards indicate that only about one-third of all boards have developed a detailed CEO succession process, even though directors uniformly acknowledge that managing CEO succession is a fundamental duty.

Recent Developments in Financial Reporting :

This session will cover impending and proposed changes to financial reporting — for example, in the areas of revenue recognition, accounting for leases, and accounting for financial instruments.

1. Corporate governance codes and an evaluation of their usefulness
2. Regulatory compliance and reporting
3. Framework for board’s effectiveness
4. Role of board of directors, shareholders, management and various committees of the board
5. Board responsibilities and challenges
6. Key legal, political and economic features of governance systems
7. Understanding of shareholder value and financial statements analysis
8. Executive compensation
9. Risk Management
10. Leading change for institutionalizing sound governance
11. Understand fiduciary, legal, and ethical oversight responsibilities, and develop strategies to best represent shareholders and stakeholders.
12. Evaluate the role of the board in strategy development, evaluation, and evolution.

Across Modules, you will be exposed to real-life cases on governance challenges and issues faced globally. Enriched with local anecdotes of board practices and pitfalls the program will help you:

1. Increased understanding of your role in the corporate governance environment.
2. Frameworks and strategies to help you effectively manage the critical issues confronting board members today.
3. Overview and development of key frameworks for legal and prudent strategies to help boards navigate today's litigious environment.
4. Develop an in-depth comprehension of the scope and key pillars of corporate governance
5. Effectively interpret the financial information to develop essential financial oversight for enterprise efficacy
6. Enhance your understanding of the organization’s responsibility to the shareholders value and stakeholders well being
7. Gain contemporary perspectives of corporate governance best practices
8. Effectively manage risk and develop more effective control mechanisms
9. Develop an understanding of the legal provisions governing company management and administration
10. Master the ability to transform your board into an effective functioning unit
11. Enhance leadership skills and develop strategic insight needed to respond to boardroom dynamics
12. Develop interpersonal skills to enhance board dynamics and create influence with multiple stakeholders

The program is suitable for Board Members as well as top management including Managing Directors, Chief Financial Officers, Chief Executive Officers, Chief Operating Officers, Secretaries to the Boards of Directors, Legal Advisors, Company Secretaries and Corporate Governance Executives of listed companies who envision moving into a director's role in future.

The program fulfills the criteria specified for Director’s Training Program under the Code of Corporate Governance and is also endorsed by the Securities and Exchange Commission of Pakistan (SECP).

The program incorporates a blend of real life case studies, experiential learning exercises, local success stories and interactive discussions providing the participants a distinctive learning experience which is the hallmark of ICMA Pakistan.

Duration: Five full days program from 9 am to 5pm.

Maqsood un Nisa
Officer Members’ Professional Development and Corporate Training
Institute of Cost and Management Accountants of Pakistan ST - 18/C, ICMAP Avenue, Block - 6, Gulshan-e-Iqbal, Karachi .
Phone #: 021 - 99243900 Ext: 224
Email : maqsood.unnisa@icmap.com.pk
URL : www.icmap.com.pk/school_of_certified_directors.aspx