|
Compliance Training and Presentations for the Board of Directors
After the Sarbanes Oxley Act and the Basel ii Accord, there is a
lot of discussion in the corporate world about the new
liabilities of the CEOs and the CFOs. Today we understand that
many organizations have
underestimated the vital role of he board of directors.
The board has the obligation
to understand, to evaluate, to exercise oversight, to review and
approve corporate actions.
More than ever, organizations need directors who are aware of
the risks and prepared to take on the duties and functions of
the boardroom.
After a legal action, the directors have to provide evidence
that they
have exercised due diligence.
They have to provide evidence that they
made informed decisions, that they had learned
all material information
before making a business decision
(there is "good faith" only in case of an
informed
decision).
For example, the cost of Basel ii, Advanced Approach, often
exceeds US$ 200,000,000. This is
not a fixed cost.
Financial organizations have several options. There are always
different courses of action.
It is
possible to spend the above sum of money, only to learn that
your "Advanced Approach" is not so advanced,
or that you do not have the corporate governance elements in
place. If the supervisors do not accept your advanced approach,
the firm and the shareholders will lose hundreds of millions of
dollars. And,
you can prevent that.
Risks to serving directors have risen exponentially after the
new
Basel Capital Accord, the US Sarbanes Oxley Act, the European
Sarbanes Oxley (8th Company Law Directive, E-SOX), the Japanese
Sarbanes Oxley (Financial Instruments and Exchange Law, J-SOX),
the European Union's Financial Services Action Plan (FSAP) that
includes MiFID (Markets in Financial Services Directive,
and so many other Acts, Directives, Regulations.
The members of the board have to understand the new environment
and the new responsibilities in order to
protect their reputation and wealth and their organization.
They have to be aware of the risks and to perform their duties
according to the highest principles and implementation
practices. But, they can do more: They can
use compliance as a competitive advantage
Excellent Courses,
Exceptional Venues
The role that the
environment plays in learning,
solving
problems and thinking out of the box is often ignored.
In terms
of aesthetics and comfort, our venues are second to none.
Click
here
to see why
Our Proposal
Compliance LCC is a leading provider of
compliance training and presentations, executive coaching
and consulting at more than 30 countries
Areas of Expertise:
-
The
Basel ii Capital Accord
-
The
Markets in Financial Services Directive (MiFID)
-
The US
Sarbanes-Oxley Act
-
The
European Sarbanes Oxley (8th Company Law Directive, E-SOX)
-
The
Japanese Sarbanes Oxley (Financial Instruments and Exchange
Law, J-SOX)
-
The Solvency ii and the
Reinsurance directives
-
The
European Union's Financial Services Action Plan (FSAP),
and other Acts, Directives, Regulations.
A. The Basel ii Accord and the Board of Directors
Basel ii - training and presentations for the Board of
Directors, you may visit
www.basel-ii-board-directors.com
B. The Markets in Financial Services Directive (MiFID) and the
Board of Directors
MiFID - training and presentations for the Board of Directors,
you may visit
www.mifid-board-directors.com
C. The European Union's Financial Services Action Plan (FSAP)
and the Board of Directors
The European Union's Financial Services Action Plan - training
and presentations for the Board of Directors, please click
here
D. The US Sarbanes-Oxley Act and the Board of Directors
The US Sarbanes-Oxley Act - training and presentations for the
Board of Directors, please click
here
E. The 8th Company Law Directive (European Sarbanes Oxley, E-SOX)
and the Board of Directors
The 8th Company Law Directive - training and presentations for
the Board of Directors, please click
here
F. The Financial Instruments and Exchange Law (Japanese
Sarbanes-Oxley, J-SOX) and the Board of Directors
The Financial Instruments and Exchange Law - training and
presentations for the Board of Directors, please click
here
G. Training for the Risk Committee
The Risk Committee must exercise oversight, and must provide
evidence about it. Please visit
www.risk-committee.com
and
www.risk-committee-training.com
|