THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
LEADERSHIP, GOVERNANCE & ACCOUNTABILITY SEMINAR
DATE: 1ST – 5TH AUGUST 2022
Theme: Sustainable leadership and governance practices in pursuit of growth
The purpose of corporate governance is to facilitate effective, entrepreneurial, and prudent management that can deliver the long-term success of the private and public sectors of our economy. Corporate governance, and the link between governance and strategic performance, remains a topical focus for public policy makers, academicians, and commentators. Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The shareholders’ role in governance is to appoint the directors and the auditors to satisfy themselves that an appropriate governance structure is in place.
One of the most important principles of corporate governance is the recognition of shareholders. The recognition is two-fold. First, there is the basic recognition of the importance of shareholders to any company – people who buy the company’s stock fund its operations. Equity is one of the major sources of funding for businesses. Second, from the basic recognition of shareholder importance follows the principle of responsibility to shareholders. The policy of allowing shareholders to elect a board of directors is critical. This means that shareholders, effectively, have a direct say in how a company is run.
Shareholder interest is a major part of corporate governance. Shareholders may reach out to the members of the community who don’t necessarily hold an interest in the company but who can nonetheless benefit from its goods or services. Reaching out to the members of the community encourages lines of communication that promote company transparency. It means that all members of the community – those who are directly or indirectly affected by the company – and members of the press get a clear sense of the company’s goals, tactics, and how it is doing in general. Transparency means that anyone, whether inside or outside the company, can choose to review and verify the company’s actions. This fosters trust and is likely to encourage more individuals to patronize the company and possibly become shareholders as well.
Leadership in business is the capacity of a company’s management to set and achieve challenging goals, take fast and decisive action when needed, outperform the competition, and inspire others to perform at their highest levels. Leadership also speaks to a more holistic approach, such as the tone of an organization or the culture that management establishes. Individuals with strong leadership skills in the business world often rise to executive positions.
Effective leadership includes exhibiting a strong character. Leaders exhibit honesty, integrity, trustworthiness, and ethics. Leaders act in line with how they speak and earn the right to be responsible for others’ success in the organization. Strong leadership involves clear communication skills. Leaders speak with and listen to staff members, respond to questions and concerns, and are empathetic. Leaders use effective communication skills for moving the company forward and achieving new levels of success.
Values refer to beliefs or ideals shared by the members of a culture about what is good or bad, desirable, or undesirable. They are standards of conduct, efficiency or worth which a society endorses, maintains and even transmits to her members. Principles of Governance are normative principles that guide the state to perform its functions in a manner that promotes the general wellbeing of its people.
Accountability in terms of ethics and governance is equated with answerability, blameworthiness, liability, and the expectation of account-giving. As in an aspect of governance, it has been central to discussions related to problems in the public sector, non-profit and private (corporate) and individual contexts. In leadership roles, accountability is the acknowledgment and assumption of responsibility for actions, products, decisions, and policies including the administration, governance, and implementation within the scope of the role or employment position and encompassing the obligation to report, explain and be answerable for resulting consequences.
In governance, accountability has expanded beyond the basic definition of “being called to account for one’s actions”. It is frequently described as an account giving relationship between individuals. Accountability cannot exist without proper accounting practices; in other words, an absence of accounting means an absence of accountability. Good records management is also very critical and contributes significantly to the concept of accountability.
This one-week seminar is geared to provide a platform for discussions on what works and what does not in terms of governance, leadership & accountability for modern day leaders. The seminar will also touch on other pertinent topics as indicated below:
- Effective Governance during turbulent and uncertain times
- Legislative leadership in uncertain times
- An overview of King IV Code of Corporate Governance
- Implementation of the Mwongozo code of Corporate Governance in Kenya
- Legal, Institutional Policy Frameworks and Administrative Actions for the promotion of national values and principles of governance
- Important financial management considerations: The assessment of liquidity and sustainability matrices for organizations
- Establishment of accountability policies and structures for organizations
- An overview of recent cybercrimes and latest technological trends
- The role of the Executive Leadership and Boards in strategy review and formulation processes – Aligning economic realities and macro-economic trends
- Enhancing transparency through improved Corporate Governance reporting and disclosures
- Sustaining ethical leadership under high pressure environments and turbulent times
- Modern Day Leadership- Leading inter- generational teams
- Ethical considerations and integrity for leaders in the public sector
- Upholding Professional Ethics in a seemingly corrupt business environment
- Developing Ethical Intelligence in the Board Room
- Cultivating an Ethical culture across the business
- Assessing the strategy for Ethical Risks
- Role of the board in Fraud Risk oversight and enhancement of Whistle blowing effectiveness
- Strengthening the internal control framework and accountability practices within organizations in the private and public sectors
- Development and implementation of anti-corruption policies and reporting
- Understanding public sector performance contracting and its effectiveness
Board Members, Members of Board Committees, CEOs, GMs, Managing Directors, Heads of Government Units and Parastatals, Governors of County Governments and Senators, Members of Various Committees, Senior Management, and other interested participants.
|Kenyan based Members/ACCA||Kshs. 170,000|
|International Delegates||USD 1800|
**Note: Delegates are required to make their own travel and accommodation arrangements.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS
Members of ICPAK and those from other reciprocating professional bodies will earn 20 CPD units upon successfully attending all seminar sessions.
For non-Kenyan delegates, please enquire with your embassy on the travel requirements. ICPAK shall avail invitation letters to support delegates VISA processing. To request for one, email: email@example.com
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke).
We encourage delegates to regularly visit our website www.icpak.com for updates.