Corporate Governance: Effectiveness and Accountability in the Boardroom
Become A More Effective Board Member
The role of a board member calls for a distinct set of skills and capabilities that cannot necessarily be drawn from prior management experience. Effective board membership requires a reorientation to shareholders and an understanding of the interests of multiple constituencies.
In this program, you will improve your understanding of the responsibilities of board membership and develop the skills and strategic insight needed to become a more effective director. With top faculty from the Kellogg School of Management in collaboration with Ernst & Young, you will learn frameworks that can move the board beyond compliance to the creation of opportunities for long-term value.
Upcoming Sessions (Fee includes lodging and most meals)
If you are a current board member—or someone who expects to be named one in the immediate future—this program is designed for you. You will focus on issues faced by boards of public companies as well as cover the challenges faced by private and not-for-profit boards.
During this program, you will:
Learn the tools required to be a more effective director in the post-Sarbanes-Oxley environment
Master the ability to strategically respond to boardroom dynamics
Analyze the role of the board vis-à-vis management, internal auditors, and external auditors
Develop a deeper understanding of board governance
Study the legal and ethical challenges faced by today’s boards
Engage in a “board in crisis” case simulation
Looking for Financial Trouble in All the Right Places
Interpreting financial statements and fulfilling the duties of the audit committee
Dealing with internal and external auditors, directors and corporate management
Participate in an audit committee case simulation
How to be an Influential, Trusted and Respected Member of your Board
Key considerations in choosing members to maximize effective board decision making
Strategies for improving the influence and effectiveness of board members in getting their voices heard
The Role of the Board in Assessing, Anticipating and Responding to Different Forms of Risk
Fiduciary responsibilities, monitoring and managing risk
Directors’ and officers’ insurance
Managing stakeholders, public officials, public opinion, media relations
Scanning business practices for political and social risk and integrating crisis management into overall business strategy
Best Practices in Board Structure and Operations
Committee organization and policy development
Case analysis of board operations, functions and organizations
Issues and challenges faced by compensation committees
Pre-Program Tutorial on Financial Literacy (optional)
Post-Program Tutorial on Mergers and Acquisitions (optional)
Program fee includes membership in the Kellogg Corporate Governance Network, with access to publications and webcasts on emerging governance issues such as executive compensation, directors’ liabilities and economic development in the global capital markets. Kellogg Corporate Governance Network members may attend an upcoming Kellogg School conference on corporate governance.
Thomas Lys - Academic Director; Eric L. Kohler Chair in Accounting; Professor of Accounting Information & Management
Daniel Diermeier - IBM Professor of Regulation and Competitive Practice; Director of the Ford Motor Company Center for Global Citizenship
Tom Hough - Partner, Americas Vice Chair Assurance Services, Ernst & Young LLP
Dennis Chookaszian - Chairman, Financial Accounting Standards Advisory Council
Donald Delves - President and Founder, The Delves Group
Michael E. Lavin - Director of Integrys Energy Group, Inc., SPSS Inc. and Tellabs, Inc.
Charles W. Mulaney, Jr - Corporate Partner with Skadden, Arps, Slate, Meagher & Flom
David S. Ruder - Former Chairman of the U.S. Securities and Exchange Commission; William W. Gurley Memorial Professor of Law Emeritus, Northwestern University
Featured Faculty Video
Professor Tom Lys: The changing roles of board members
What Past Participants Say
"It's a program every director should attend, regardless of experience." Board Member, Kimberly Clark Corporation
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