COURSE OVERVIEW

 80% of this course is practical sessions where participants will be engaged in a series of interactive small groups, class workshops and role-plays. 

 

This course is designed to provide delegates a detailed and up-to-date overview of Navigating Delegation of Authority in Corporate Governance. It covers the principles of effective governance; the role of governance in organizational success; the delegation of authority (DoA); the roles and responsibilities of board of directors; executive management; governance committees; shareholders’ in corporate governance; the difference between delegation and abdication of responsibility; and the legal framework for delegation. 

 

Further, the course will also discuss the development of an effective DoA framework; the alignment of DoA with corporate objectives; customizing DoA frameworks for organizational needs; designing a DoA matrix and identifying the levels of authority; the delegation in contract negotiations and legal matters; setting thresholds for financial and operational decisions; the implementation of DoA policies and automating approval processes through digital tools; identifying risks in delegation and the importance of internal controls in delegation; developing control mechanisms for high-risk areas and aligning DoA with company policies and codes of conduct; and ensuring regulatory compliance in delegation. 

 

During this interactive course, participants will learn the identification of potential fraud scenarios in delegated authority; the fraud detection mechanisms and forensic audits; monitoring and reviewing DoA frameworks; the legal implications of non-compliance; using delegation as a tool for empowering leaders; building trust through effective delegation; encouraging accountability and ownership at all levels; addressing resistance to delegation and promoting transparency through DoA; delegating without micromanaging; recognizing and rewarding effective delegation practices; the global practices in delegation, delegation in crisis management and measuring the effectiveness of delegation; the sources of conflict in delegation and mediation and negotiation strategies; promoting ethical decision-making through delegation; and  addressing conflicts of interest, and building an ethical culture through DoA.