Finance, Risk Management & Corporate Governance

Start Date: 23 Jun 2024
End Date: 27 Jun 2024
Duration: 5
Country: Kuala Lumpur / Malaysia
Category: Finance, Accounting & Investment

The Course

This course offers insights into the world of corporate finance, risk, and governance. Capital markets are central the globalization phenomenon and essential for a well-functioning society. Because of this centrality and essential nature to societies, focus and attention must be paid to their proper functioning and oversight. To that end, this course offers an overview of the interaction between management and all other stakeholders. Diverse and complex stakeholder demands are best met by an efficient allocation of resources over an extended period of time.

By combining techniques analysis, problems and examples with real case studies the course provides delegates with key finance terminology and practice. This course not only presents the key financial tools generally used , but also explains the broader context of how and where they are applied to obtain meaningful answers. It provides a conceptual backdrop both for the financial/economic dimensions of strategic business management and for understanding the nature of financial statements, analyzing data, planning and controlling.

The course is targeted at providing a university-quality MBA overview of finance, risk management, and corporate governance. Participants are expected to be high-potential learners seeking the next level of learning. Additional bibliographies, readings, and spreadsheets will be provided as takeaways.

The Goals

This course will help you learn how to:

         Specify the exact nature and scope of corporate financial reporting

         Identify and criticize specific concepts, rules, and procedures are in place for corporate financial reporting

         How & why Working Capital is critical in todays world

         What Working Capital options must be managed & how to do so

         How & why Capital Structure can make or break a firm

         What decisions must be made to properly decide on optimal Capital Structure

         How & why Capital Budgeting can go so wrong if not performed properly

         Capital Budgeting should usually add value to the firm

         Identify and overcome limitations that are inherent in corporate financial reporting and/or corporate governance

         Risk as a positive in analysis & decision making

The Delegates

Attendees are expected to be intellectually curious with a commitment to learning that requires significant personal effort. The nature of the course and of the materials dictate that interaction, commitment, and debate are the core components of the learning process. While no particular level of prior knowledge is needed, there is an assumption that the attendees are committed to immersing themselves in a learning situation.

The Process

This workshop will be highly participatory and your seminar leader will present, guide and facilitate learning, using a range of methods including discussions, case studies and exercises. Where appropriate, these will include real issues brought to the workshop by delegates.

Lessons learned from the seminar will be applied to your own organization. Key performance indicators (KPIs) for the critical success factors (CSFs) will focus attention on high priority action plans for taking back to your organization.

The Benefits

Attendees will gain by participation in this program as a result of:

         Increased skill set in all phases of finance//governance

         Greater ability to participate in and to lead the finance/governance process

         Recognizing the increased professionalism to deal with the current and future topics

         Increased recognition by the organization of their learning and professional commitment

         Challenging themselves in an immersive learning environment

The Results

The organization will benefit by:

         Improved appreciation for the finance/ /governance approach

         Better integration of business plans and strategic intent

         Reduced inter-functional territorial battles

         Improvements in communications between staff and line management

         Higher productivity during the decision making process

The Core Competencies

Attendees will gain in the following competencies as a result of the program:

         Using financial information for guiding decisions

         Clarifying KPIs across different functions

         Building strategic thinking and implementation orientation into their professional lives

         Challenging the status quo of finance/governance, risk management, and decision making

         Recognizing the value of external standards, governance requirements, and measurements of qualitative elements

         Identifying Value Creation principles as the driving force for decision making

The Programme Content


Day One

What is Finance & Working Capital liquidity or bankruptcy

         Finance is a numbers game

         Yet finance is more than the numbers

         The three major components of finance

         Working capital (WC) defined

         Relationship to current ratio

         Components of WC


         Accounts receivable


         Accounts payable

         Notes payable

         The critical rations to compute

         What should they be & why

         The questions to ask

         The answers you want

Day Two

Capital Structure what it is & why it is important

         Equity capital - what it is

         Equity capital calculating it costs/required rate of return

         Debt capital what is it really

         Debt capital calculating it costs/required rate of return

         Weighted Cost of Capital (WACC) why it is so important

         Calculating your WACC

         When & how to use WACC

         Leverage: two-edged sword - defined

         Operating leverage - calculated

         Financial leverage - calculated

         Combined leverage Wow! Look at the impact

Day Three

CAPEX - Analysis of Investment Decisions with What-if Risks

         Cash Flows and the Time Value of Money

         Discuss the capital project evaluation process

         Ideas for the future with a multiple time periods horizon

         Estimating cash flows within the business system

         Net present value (NPV) & Internal Rate of Return (IRR) as preferred methods

         Profitability Index (PI) & Modified Internal Rate of Return (MIRR) as reasonable alternatives

         Defining the approval criteria and review process

         Post-implementation audits of capital projects

         Refinements of Investment Analysis

         Dealing with Risk and Changing Circumstances how do we explain?

         Cost of Capital and Return Standards

         Benchmarking Discount & Hurdle rates

Day Four

Risk Management as an integral part of Corporate Governance

         Understanding uncertainty and risk/opportunity

         Identifying strategic financial risks

         Identifying operational risks

         Identifying functional financial risks

         Assessing financial risks in each perspective

         Finding our personal risk profile (appetite for risk)

         Clarifying desired outcomes, expected outcomes, and actual outcomes

         Performance measures the need for FRM/ERM

         Quantitative and qualitative risks

         Developing FRM/ERM strategy do we need a CRO?

         Other risk issues to be concerned with: Joint ventures, alliances, product liability, environmental risk, outsourcing risk, growth risk, R&D risk, natural disasters, catastrophic risks, supply chain risk, reputation risk, and psychology of risk among others

Day Five

Corporate Governance

         What is Corporate Governance?

         Corporate Governance environment

         Relevance of Corporate Governance

         Perspectives on Corporate Governance

o    Shareholders vs. Stakeholders

o    Voluntary vs. Enforcement

o    1-tier vs. 2-tier boards

o    Chairman/CEO duality

o    The independent director

         Corporate Governance models

         Structure & practices

         Emerging trends in Corporate Governance

         Principal-Agent theory and applications

         Independence in fact versus appearance

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