Module 1 – Accountability and Change

Module 1: Accountability and ChangeNiagara-on-the-Lake, ONSeptember 17-19, 2020$4,370.00
Module 1: Accountability and ChangeNiagara-on-the-Lake, ONJanuary 14-16, 2021$4,370.00
Module 1: Accountability and ChangeNiagara-on-the-Lake, ONSeptember 16-18, 2021$4,370.00

Module 1: Outline

The Decision-Making Process

  • What are the constraints to board effectiveness?
  • What does “independence” mean and why is it important?
  • How can group decision-making be improved?

Governance Finally Defined!

  • How active should a board be, and which governance models and principles will ensure the optimal level of engagement?
  • What are the critical differences between ownership, stewardship, and management?
  • What are the roles, responsibilities, and accountabilities of board chairs and board committees?
  • What are the essential characteristics of an appropriate board culture?

Principles of Constructive Engagement

  • How do directors and board leaders engage with non-performers and board bullies constructively in challenging situations? (This is an interactive learning session that uses a professional actor in dialogue with volunteer participants.)

The Legal World of Directors

  • Understand the legal duties, fiduciary responsibility, and liabilities of the board and directors. Learn about effective strategies for protecting directors and officers.
  • Discuss legal cases that are shaping the future and discover the lessons learned.
  • Find out about the new board relationships with independent professional advisors.

Red Flags to Fraudulent Activity

  • Examine six common myths about insider trading.
  • Understand the fraud triangle.
  • Discuss a case study on market manipulation.

Communicating More Effectively Through Dialogue

  • Understand different forms of group communication/interaction.
  • Clarify dialogue versus debate in effective interaction.

In Summary

  • Discuss board and director independence. Learn how to contribute, encourage, and benefit from independent thought and effective dialogue.
  • Understand the roles, responsibilities, and accountabilities of the board as a whole—the chairperson, management, and committees.
  • Learn about the different models, theories, and principles of governance.
  • Understand the legal and fiduciary responsibilities of boards and directors and how to recognize red flags to fraudulent activities.

The Chartered Director Program is now also being offered in Vancouver, BC in partnership with the Sauder School of Business at the University of British Columbia.

What our graduates say?

“The Directors College experience has been nothing short of exceptional, with immediate benefit within the boards on which I serve. Undoubtedly, this program supports its brand of being the gold standard in board governance effectiveness. Of particular benefit was the opportunity to share the learning experience with colleagues within their various roles at the boardroom table. I have developed an enriched knowledge base from which to draw, as well as an enhanced quality network. Without hesitation, I recommend this program, and congratulate its faculty and staff for its commitment to excellence within its mandate.”

Silvia Martini, Vice-President, Interlink Research Inc.

“I performed a significant amount of research when selecting an option for advanced governance education. All of my research pointed to The Directors College. Being the only university accredited program was important, but more important, was that the faculty has an amazing balance of academic and professional background. No other program offers such a unique and high learning environment – the perfect balance of academia and real examples. The experience is demanding and allows you to generate a vast networks of peers who are dedicated to raising the bar on governance – truly the gold standard.”

Daniel Johnson, B.Comm, C.Dir., Chief Executive Officer, Innovation Credit Union

“The Chartered Director program provided me with a solid foundation in governance which built my confidence to comprehensively serve as a director. The exceptional content and educational process enhanced my curiosity, courage and ability to ask the right questions on crown, non-profit and corporate boards.”

Victor T. Thomas, C.Dir., H.R.C.C.C., Vice Chair, SaskEnergy

“I thought the entire program was very well developed and comprehensive. You never know what to expect when you sign-up for these programs and this exceeded my expectations and was a great learning opportunity.”

James Scongack, C.Dir., Vice-President of Corporate Affairs, Bruce Power LP

“I found the Chartered Director Program to be an excellent forum to understand how strong governance complements effective management. The ability to create and execute an effective strategy is significantly enhanced by a robust process inclusive of board engagement where the right questions are asked and expected outcomes are identified. I truly enjoyed the setting which fostered a strong level of interaction that was supported by quality presentations and material. As CEO of a Shared Service Organization set to deliver benefits to its members, I see the advantage of having a number of our board members participating in this program.”

Tony Di Emanuele, MBA, C.Dir., President and CEO, Mohawk Shared Services

“A strong board needs a combination of industry knowledge and sound judgement. You need people able to challenge one another, but in a productive environment. The Directors College provides skills, perspectives and tactics to drive value as an effective and successful board member. As a graduate of the Chartered Director Program, I found The Directors College an excellent survey of the critical issues and developing trends of today’s corporate environment. I highly recommend The Directors College.”

The Honourable John Manley, P.C., O.C., C.Dir., President & Chief Executive, Canadian Council of Chief Executives and former Deputy Prime Minister of Canada

“The changes that impact corporate governance are establishing a pattern of increased accountability for the delivery of long-term value to customers, shareholders, employees and society. Proper corporate governance is now being defined to include knowledge of critical elements such as risk management and the measurement of strategic performance. At the end of the day, each board will be judged on its ability to effectively deliver value, rather than on its structure. The Directors College innovative program fills a unique and important gap in providing knowledge and insight as to how this expectation can be met. CMA Canada is pleased to be a sponsor of this timely initiative.”

Steve Vieweg, C.Dir., CPFA (Hon), FCPA FCMA, CEO, CPA Western School of Business

“As an organization focused on educating corporate secretaries, the CSCS believes in furthering the potential of board members to better contribute to building effective governance structures. Given the key role of directors and corporate secretaries in applying proper boardroom practices, corporations need to ensure that these individuals meet a professional standard. The Directors College curriculum covers all the formal regulatory issues for directors and also addresses the informal skills of building effective and appropriate relationships with senior management. We see significant benefits to this program and CSCS is pleased to endorse it.”

Lynn Beauregard, President, Canadian Society of Corporate Secretaries

The Directors College has developed a director education program which goes well beyond the fundamentals to address the structures and the behavioural components of principle-based governance. I am proud to be associated with the Directors College and I am honoured to lend my name to the College’s graduate award.

Gilbert Bennett, Director and Former Chairman of the Board, Canadian Tire Corporation Limited