Certified Training for Independent Directors and Corporate Directorship

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Event Details

Certified Training for Independent Directors and Corporate Directorship - Nov 28, 2019

Background :

The introduction of Companies Act, 2013 in India has completely changed the working environment of Companies and its Board of Directors. An independent Board of Directors in public listed companies is seen as an integral element of a country’s corporate governance norms. Board independence has taken on a pivotal status in corporate governance that it has become almost indispensable. Consequently, governance reforms in recent years has increasingly pinned hope as well as responsibility on independent directors to enable higher standards of governance. However, taking into consideration the corporate governance failures in India, the role of Independent Directors has taken a back seat in terms of promoting a culture of governance and ethics. In the wake of major corporate scandals, like Satyam, IL&FS, PNB, Enron, WorldCom and more, in India as well as globally, one of the factors that has been identified to be common is “failure of the Board of Directors to detect internal crisis early on and act in the timely manner to put the organization back on track before difficulties become irreversible.” 

Considering the aforementioned, we understand the criticality of the role of Independent Directors on Board and their ability to create an impactful governance system through their independent decision making capability. Training being one of the significant factors, we believe in constantly developing Director’s approach towards their fiduciary duties, responsibilities and oversight role. Bombay Chamber and Legasis Services are jointly organizing the training to move towards ethical governance standards.

Objective :
  •   Empower and equip the Board with skills and attitudes required to perform their role in a transparent, objective and ethical manner to promote good corporate governance 

  •   Board’s contribution to Value Creation 

  

Who Can Attend ?
Directors 
Internal Auditors 
Company Secretaries and Compliance Officers 
Legal Heads
Professionals
Any other interested 
 
Training Content :
Focus on Fiduciary Duties of Directors 
Corporate Liabilities 
Case Study on Corporate Liabilities during Bhopal Gas Tragedy, 1984 
Code of Conduct for Independent Directors under Schedule IV of the Companies Act, 2013 
Role of Independent Directors in various committees like Nomination and Remuneration Committee, Audit Committee, Stakeholder Committee 
Role of Independent Directors towards the Board
Governance as the line of responsibility of Directors and it cannot be delegated - Duties of Directors as per Companies Act, 2013
Elements of Corporate Governance 
Governance Structures - Structural imbalances: Balancing the structure for sustainability 
Oversight Role of the Board 
Delegations and Management through Committees - Consequences of improper delegation 
Policies and Policy Management 
Importance of Disclosures and Information – Information Asymmetry, Regulation 4(2)(b) & (c)
Decision making and best judgement decisions - Ethical best practices to be followed by the Board 
Immunization for Directors – Strategies and Tactics
Case Studies 
 
Lead Faculty :
Mr. Suhas Tuljapurkar, Managing Partner at Legasis Partners and Founder Director of Legasis Services Private Limited 
Suhas Tuljapurkar is a practicing lawyer with over 37 years of experience. He is a global leader in Governance, Risk and Compliance, IPR and Ethics. In addition of being a certified Independent Director, Suhas is a Certified Compliance & Ethics Professional-International, Accredited Mediator & Conciliator and Knowledge Partner of Independent Power Producers Association of India. At Legasis, Suhas has been instrumental in developing various IT enabled legal support solutions such as Legatrix (Compliance Management Solution) StarBoards (Board of Directors’ Evaluation Software), LIPs (IPR management solution), the Flute (Innovation Capture Solution), CARRAR (Contract Management Solution), Roznama (Litigation Management Solution), LegRoom (Virtual Dataroom Solution). 
 
Contact :
Ms. Aneeha Neeraja Rajan
Tel: 022 61200227
Ms. Shruti Rathod  
Tel: 022 61200268
 
Participation Fee :   
Members  Rs. 30000 + 18% GST 
Non-Members  Rs. 33000 + 18% GST 

Bank Details for NEFT

Account No.

 02422418061924

IFSC CODE 

DCBL0000024 

Bank Name

DCB Bank 

Branch Address

Mahim (024), Mumbai 

 Cheque /Demand Draft should be drawn in favor of “BOMBAY CHAMBER OF COMMERCE AND INDUSTRY”.

 

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