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What is Corporate Governance?

Corporate governance is defined as the system of rules, processes, and practices that direct and control a company. Done right, corporate governance ensures that all stakeholders in a company are treated equally and the company complies with best practices and government regulation. In the US, corporate governance grew in importance after Sarbanes-Oxley Act was introduced in 2002. This act was put in place to restore the public’s confidence in corporations after high profile companies such as Enron were bankrupted by accounting fraud.

Increasingly, companies are subject to oversight of their actions. With at strong understanding of corporate governance, you can ensure that your corporation is meeting all requirements of the law and behaving ethically. Corporate governance courses can prepare you to bring your company up to speed.

Who Needs Corporate Governance Courses?

Corporate governance requires action from those at every level of a company. That said, it tends to be higher ups at a corporation that need training via corporate governance courses. This is because corporate governance clearly sets down the rules and controls aligning the wishes of shareholders, company directors and compliance officers. These rules are usually set down by those individuals who oversee a company and choose the direction that it takes. These courses are also appropriate for anyone who wants to understand this area in general. Therefore, corporate governance courses are most appropriate for:

  • Senior managers
  • Members of management committees
  • Directors
  • Senior operational staff
  • Compliance professionals
  • Board members
  • Analysts
  • Regulators
  • Lawyers

About Corporate Governance Courses

Corporate governance is a subject that is broad and complicated. Few people completely understand all of the requirements and, more importantly, how they can fit corporate governance to their own organization. This identifies the most common type of corporate governance course: an explanation of corporate governance and then tips for putting the best practices into play for your specific case. Many times, these courses will include case studies that give real life examples of what other companies have done right and wrong.

Corporate governance courses also may be more focused on one group of people. For example, a course might be intended for board members. Finding a corporate governance course intended for your profession or position within a company is a great way to ensure that the course content will be relevant and you will get what you want out of it.

Common Formats for Corporate Governance Courses

Corporate governance courses tend to be classroom seminars that last anywhere from a few days to a week. Because there is so much to talk about with this subject, these are unlikely to be one or two day courses. If there are many people who need training in your organization, you may consider contacting providers to arrange in-house training. In-house or onsite training comes directly to you and will be focused to the specific needs of your organization. When it comes to corporate governance, this can be a valuable way of getting ideas for improving corporate governance in your corporation.

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U.S. L&D Report: 2019 - Benchmark Your Workplace Learning Strategy

US L&D report 2019 - Benchmark your Workplace Learning

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