Corporate governance – how a corporation is controlled and directed, and how it manages its risk profile – is contained in a framework of policies, rules, codes of conduct and processes.  Despite many corporations having a plethora of documentation to guide and control the behaviour of their employees and executives, internally generated corporate scandals that damage reputation and financial standing, and expose directors to legal proceedings, continue to occur.

This is because good corporate governance is not only about policies, rules and processes, but how they operate and are embedded throughout the organisation. For purposes of efficiency, corporations, through governing boards, need to delegate decision-making.  This means that executives and employees in the lower tiers of the corporate hierarchy can have authority and power, thus increasing an organisation’s risk profile.  Delegations, therefore, need to be part of a corporation’s risk management framework.

This workshop covers:

• Delegations and corporate risk management – their respective roles and how they intersect
• Delegations and authorisations – their principles, benefits, the pitfalls to avoid as well as practical tips and processes for successfully reviewing and amending them