| Directors of India’s best known private & public enterprise at the Masterclass in Delhi |
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Few business realise that the cambrian explosion of stakeholder's aspiration has profoundly altered the market landscape. Unless directors understand the enormity of changes and learn strategies to deal with them, they will be misfits. Masterclass Report In the last 20 years, ‘business’ has shed its reputation as an exploiter of people and has become a crucial catalyst for social change, IoD with its mission of bringing a silent revolution through the boardroom has been catalysed............ Read more |
Institute of Directors (IOD) believes that the problem of corporate misgovernance stems from the lack of effective training in company directorship. Corporate governance is not part of any regular course syllabus even in major business schools. This is despite the fact that recent board room reforms introduced in most countries have put the onus of responsibility on directors. Directors are facing prison sentences for failing to discharge their fiduciary roles. IOD, in conjuction with the World Council For Corporate Governance, UK has, therefore, developed a highly innovative programme that provides a unique learning experience on the roles and responsibilities of directorship and the state-of-the-art knowledge about the emerging issue of corporate governance thus helping internalize skills for leading corporations of 21 st Century.
Masterclass for directors encompassed state-of-the-art subjects such as leading corporate transformations, managing innovations, strategic planning, HR practices, finance, balanced scorecards, CRM, Six Sigma, corporate social responsibility, environment management apart from duties and responsibilities of directors and maximising effectiveness of company boards.
The programme is especially tuned to suit the vital needs of independent directors. Recent boardroom reforms have created thousands of vacancies of independent directors. The Masterclass is a pre-eminent qualification for such directorship.
The programme consists of 15 modules(It may vary) spread over a three-day period containing all that the directors need to know to lead a world-class organisation in the 21st Century. Directors' role has been perceived not only in discharging their duties and responsibilities to shareholders but all stakeholders. The 15 modules include:-
| Module 1 | Leading Corporate Transformation in the downturn |
| Module 2 | Strategic leadership in the aftermath of Satyam |
| Module 3(A) | Leading and Managing Corporate Innovation |
| Module 3(B) | Rewards and remunerations |
| Module 4 | The Challenge and promise of transparency |
| Module 5 (A) | Why boards are unable to manage risks? |
| Module 5 (B) | Whom the board accountable to? |
| Module 6 | The Duties, Responsibilities & Liabilities Of Directorship |
| Module 7 | Corporate Governance – Rules vs Principles |
| Module 8 | Stakeholders – Dialogue and Engagement |
| Module 9 | Art of Boardroom Communication |
| Module 10 | Corporate Social & Environmental Responsibility |
| Module 11 & 12 | Finance for Non Finance Directors |
| Module 13(A) | Strategy Formulation & Performance Monitoring |
| Module 13(B) | Integrated Management System |
| Module 14 | HR Practices for Business Success |
| Module 15 | Marketing & Customer Relationship Management |
The total course will be followed by a submission of dissertation. The dissertation on a subject agreed with the course tutors has to be submitted within 3 months of the completion of the course. The Certificate is awarded by the World Council for Corporate Governance, UK after acceptance of the dissertation.
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Importance of Training in Governance
IOD believes that the problem of corporate misgovernance that we see in India is primarily due to lack of effective training in company directorship regrettably corporate governance is not part of any regular course syllabus even in major business schools. This is despite the fact that recent board room reforms introduced in most countries have put the onus of responsibility on directors. Directors are facing prison sentences for failing to discharge their fiduciary roles. In the case of Rail Track of UK, even the liability for the train accident in Potters Bar has been put on the shoulders of the directors and they are being prosecuted in a criminal court.
Few business realises that the cambrian explosion of stakeholder's aspiration has profoundly altered the market landscape unless directors understand the enormity of changes and learn strategies to deal with them. They will be misfits.
Naresh Chandra Committee Report
In India, Naresh Chandra Committee has specially recommended compulsory training for all non-executive directors. One of its key recommendations is the appointment of 50% of board as independent non-executive directors. Such appointment of independent directors, whatever percentage is finally accepted by the government, will be meaningless if they are not trained effectively.
Recognition by World Council For Corporate Governance
To give a practical exposure, each participant is required to prepare a case study in the form of a dissertation on completion of the course. The "Certified Corporate Directorship " has been tied up to be awarded by the World Council for Corporate Governance (UK), on successful completion of all the 10 modules of the course followed by submissions and acceptance of dissertation.
Empanelment as Non-Executive Director
IIMG proposes to run the Certified Corporate Directorship course in all metro towns also. It offers a unique opportunity to both executive and nonexecutive directors to obtain a world class diploma in company directorship that will help them to be empanelled in the pool for the appointment of over 16,000 non-executive directors required to join 4,000 listed companies in India in the near future.
No refund will be made for cancellation. Should you be unable to attend the programme after booking, you are welcome to send a representative
INSTITUTE OF DIRECTORS
M-52 (Market), Greater Kailash Part-II
New Delhi – 110048, India
Board Nos. : +91-11- 41636294, 41636717, 41008704
Fax : +91-11-41008705
Email:
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Payment Options
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WHAT PARTICIPANTS SAY
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“A very useful course”. |
MASTERCLASS DETAILS
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Masterclass for Directors India would need over 40,000 Independent Directors, once the new Company Law., is in place. The proposed new Company Law seeks to empower the Government to make it MANDATORY for unlisted Public Companies to reserve at 33% for independent directors. The government's idea is to eventually introduce the requirement through administrative orders when it is confident that unlisted public companies too could graduate to higher governance requirements. The company law, which has been cleared by the Cabinet and awaits Parliament nod, defines independent directors differently from the way it has been defined by capital market regulator SEBI in the listing agreement that companies seeking to go public sign with stock exchanges. As such , the IoD’s MasterClass for Directors, a 3 days weekend certification training programme, offers a whole vista of opportunities specially for those who wish to join the pool of Non Executive Independent Directors and most relevant for companies to learn lessons from the downturn and update the executive directors. Dates : Pl ref to home page for latest schedule Eligibility Criteria : The course open to all Company Chairmen, Directors, Presidents, CEOs, CFOs, Bankers, Fund Managers, Company Secretaries, NGOs, Investors, Brokers, Chartered Accountants, Management Analysts, Financial Consultant & Academicians and aspiring Directors those are having 5 years experience at senior management level. The previous participants include Mr T S Vijayan , Chairman , LIC , Mr Yogesh Lohiya, CMD, General Insurance Corpn, Mr G Srinivasan, CMD, United India Insurance , Mr T R Doongaji, MD , TATA Group, Mr Sanjay Jain, MD , Accenture etc. The three day program, followed by a submission of a dissertation, will lead to the award of "Certified Corporate Director”. Course content details are available on www.iodonline.com Empanelment : On successful completion, each participant will be empanelled for empanelment for appointment as Non -Executive Independent Directors by the Organization of Non-Executive Independent Directors (ONEID). The Masterclass thus opens a whole new vista of opportunities for those intending to join the pool of Independent Directors. Course fees : The registration fee for the 3 days Non Residential 'Masterclass for Directors' program, is Rs 37,500 and includes: » Lunch/Tea/Coffee and refreshments on all three days of Masterclass. Should you wish to register for the course, please complete the enclosed Registration form and send to us. Pl note confirmation of seat is subject to availability of seats. For Institute of Directors |
MASTERCLASS BATCHES
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Directors of India’s best known private & public enterprise at the last Masterclass in Delhi inaugurated by Dr. Supachai Panitchpakdi, Sectretary General, UNCTAD
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Participants of the Masterclass for Directors with Dr. M.B. Athreya PhD. (Harvard), Management Advisor
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Participants of the Masterclass for Directors
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