School of Certified Directors
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
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
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.
- Corporate governance codes and an evaluation of their usefulness
- Regulatory compliance and reporting
- Framework for board’s effectiveness
- Role of board of directors, shareholders, management and various committees of the
- Board responsibilities and challenges
- Key legal, political and economic features of governance systems
- Understanding of shareholder value and financial statements analysis
- Executive compensation
- Risk Management
- Leading change for institutionalizing sound governance
- Understand fiduciary, legal, and ethical oversight responsibilities, and develop
strategies to best represent shareholders and stakeholders.
- Evaluate the role of the board in strategy development, evaluation, and evolution.
Who Should Attend
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:
- Increased understanding of your role in the corporate governance environment.
- Frameworks and strategies to help you effectively manage the critical issues confronting
board members today.
- Overview and development of key frameworks for legal and prudent strategies to help
boards navigate today's litigious environment.
- Develop an in-depth comprehension of the scope and key pillars of corporate governance
- Effectively interpret the financial information to develop essential financial oversight
for enterprise efficacy
- Enhance your understanding of the organization’s responsibility to the shareholders
value and stakeholders well being
- Gain contemporary perspectives of corporate governance best practices
- Effectively manage risk and develop more effective control mechanisms
- Develop an understanding of the legal provisions governing company management and
- Master the ability to transform your board into an effective functioning unit
- Enhance leadership skills and develop strategic insight needed to respond to boardroom
- Develop interpersonal skills to enhance board dynamics and create influence with
Special Features / Attraction
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.
PKR 120,000 for Members of ICMAP and other accounting bodies.
PKR 150,000 for Others.
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 : email@example.com
URL : www.icmap.com.pk/school_of_certified_directors.aspx