Strategic Business Leader - II

● Corporate Governance-Meaning Definition, purpose, objectives ,principles, Role and interest and claim of internal and external stakeholders ,Governance issue in different forms of organizations, Agency- nature of the principal agent relationship, issues connected with the separation of ownership and control over organization activity; Theories of agency-agency theory, Transaction cost theory, Stakeholder theory.
● Governance Scope and Approaches- Approaches-Rule based, principle based ;SOX ;role and influence of institutional investors, pension funds, insurance companies and mutual funds, , different models of organizational ownership that influence different governance regimes, (OECD) Report, (ICGN)Report (2005)

● Stakeholders and Corporate Social Responsibility: Definition and nature of CSR ,Stakeholder theory-classification ,relations-Mendelow model, motivations-Instrumental view and Normative view and Impact ,corporate citizenship, shareholder ownership
● Board of Directors: The board of directors- Composition, Function, Remuneration, Responsibilities, Structure, Committees; meetings; Chairma, NEDs, Chief executive; Legal and regulatory Framework

● Reporting to Stakeholders- Shareholders, Institutional Investors; shareholder Activism; General Meetings; Disclosures –Annual reports, General meetings; Voluntary and mandatory disclosures; Best practice role and value of integrated reporting internal management systems, Impact of economic activity, guiding principles, the typical content elements and the six capitals of an integrated report, audit of integrated reports; Reporting- Need and contents of Report, Reliability of internal control for Financial Reporting
● Management Internal Control Systems and Reporting:
Meaning, Need, Features, Effectiveness and Potential Weakness COSO-5 elements, Importance of sound internal control system, Changes to the system; Management Information flows, Characteristics of information; Fraud risk management strategy
● Reporting- Need and contents of Report, Reliability of internal control for Financial Reporting Audit and compliance, Need for an internal audit function ,types of audit work ,auditor, independence and threats, effective internal audit committee, appropriate responses to auditors’ recommendations; Reporting to shareholders

● Identification, assessment and measurement of risk: Framework for risk Management, Identify and evaluate the key risks, Assess attitudes towards risk and risk appetite, dynamic nature of risk, Risk assessment models, ALARP
● Managing, monitoring and mitigating risk: Role of a Risk manager, embedding risk in an organization’s culture, TARA, benefits of incurring or accepting some risk

● Effective Leadership: Qualities of leadership-Role, Leadership traits, entrepreneurship and intrapreneurship, professional values; Leadership and organizational culture- Leadership style, Impact on culture and ethics, Analyzing culture
● Professionalism, Ethical Codes and the Public Interest: Profession vs professionalism, public interest, Accountants role and influence ,corporate ethics and code, professional code of ethics, ACCA code and principles, conflict of interest and threat; Ethical decision making –IAESB,AAA model; Corruption and bribery ,UK bribery act 2010
● Professional Skills- Communication, Commercial acumen, Analysis, Skepticism, Evaluation