INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
THE 8th C-SUITE SEMINAR
THEME: POSITIONING ORGANISATIONS FOR GREATER PERFORMANCE AND VISIBILITY IN INTERNATIONAL FRONTIERS
Date: 5th – 9th July 2021
Venue: Pullman Deira Hotel, Dubai
Organizations can gain the competitive edge they are looking for in the global marketplace by employing a strong strategy, understanding local labour laws, focusing on speed to market, and using partnerships to drive efficiency and innovation. The role of C- Suite executives is paramount in ensuring the overall success of organisations and the positioning to compete in foreign markets. Entities seeking visibility for seed capital, other forms of investments as well as donor funding ought to implement some key operational controls and improvements to align the organisation’s deliverables for interest by foreign entities.
One of the key mandates for C-Suite executives is to develop relationships with customers and contributors outside the organization. One way executives create relationships is by networking in seminars , serving in boards of community groups and participating in active peer groups with other executives. These activities promote the entity and its leaders. In addition, executives oversee budgets and use them to analyse how well the organization is running, make suggestions about where to cut expenses as well as suggest where improvements could be made. Executives also negotiate contracts with outside agencies and utilize their good persuasion skills to keep costs down.
As the effects of the Covid 19 pandemic are being realized, it is a critical time for C-Suite Executives to develop the necessary skills that would necessitate the development of resilient return to work plans as well as strengthen the internal controls for the organizations they oversee. The seminar will provide an avenue for senior leaders to share knowledge and key lessons on critical governance aspects regarding the main strategic priorities for businesses in the region during the recovery period, lessons on effective virtual oversight and the governance of human capital, key technological trends that would assist the business in effective decisions making and the role of executives in financial reporting, taxation and audit processes.
Senior Executives are charged with the responsibility of ensuring optimal strategic planning and business model re-engineering processes are carried out during and post the pandemic and thus it is very important for them to deeply understand how to navigate the risk -return hurdle when undertaking critical business decisions and how to set smart targets and ensure their accomplishment.
On the priority list of senior executives is the interpretation of audit reports and understanding of their obligations as senior executives in line with corporate governance requirements. C-Suite executives have a big role to play in continuous audits and in commissioning of special and investigative audits and as such it is important for them to be part and parcel of the entire process to ensure that value is achieved and that any findings thereof are resolved.
Frequent data breaches and cyber security attacks have left organizations exposed to both Financial and Reputational risks that require a unified cyber-attack aversion approach by management and the board. While growth and cost management remain a key priority for most organizations there is an overarching concern over the need to place technology enablement in the priority list with the realization that decisions in the new age of a digital workplace will be data driven.
An ever changing and complex labor market driven by external factors like economic trends and changing demographics continues to present a challenge in retaining talent and offering psychological safety to the workforce. Generational gaps in the workforce and demand for flexibility in HR practices by the younger generation present another complexity in workforce engagement calling for continuous review of how companies attract and retain top talent in an ever-changing labor market. Boards play a critical role in supporting management during crisis management by providing coordinated leadership that guides the business through the disruption. Business Continuity plans become the guiding compass in times of managing a crisis and as such the C-suite must emphasize the need for prevention and recovery systems that shield the business from unforeseen disruptions.
In modern times, leadership becomes so important because people are recognizing that becoming a better leader changes li.ves. Everything rises and falls on leadership. The world becomes a better place when people become better leaders. The seminar will also focus on a review of the leadership book: Turn the Ship Around- by L. David Marquet, which is the story of how a captain turned the U.S. Navy’s worst-performing nuclear submarine crew into one of the best. He transformed the demoralized crew into an empowered, motivated fighting force in just a year by replacing the military’s traditional “leader-follower” or command-and-control structure with a “leader-leader” model that gave crew members control over their work. They learned to think and act proactively, determining what needed to be done and the best way to do it, rather than waiting for direction.
Mental health, executive presence and work life balance are also very important topics for executives, and these will also be discussed in the Seminar. Investment, both at a personal and corporate level is critical and seminar participants will be taken through how to ensure any surplus and designated investment funds are invested strategically to realize good returns.
The C-Suite seminar has been designed to provide an opportunity for senior executives to share experiences and ideas on the various dilemmas and opportunities as presented above.
The seminar is geared to focus on the following key topics:
1) Effective Governance, Leadership and Management Principles
• Effective leadership and governance for successful delivery of the strategic plans
• Reporting and presentation skills for senior level executives; what to C-Suite executives should incorporate in their reports to enable informed decision making by Boards.
2) Overview of important Policies and Procedure Manuals for organizations and the steps towards successful development and implementation.
3) Overview of the Financial Statement Close Process (FSCP) and the role of C-Suite executives in enhancing presentability, compliance and reliability of Financial Statements.
4) Strategic human resource tenets for the next decade
• Workforce planning and employee engagement as a top priority for the C-Suite
• Effective succession planning principles
• Overview of performance contacting
5. Embedding the Enterprise Risk Management Framework (ERM) to the core business functions to achieve successful delivery of the strategy.
6. Role of the executive management in climate change; Leading the way to a sustainable future.
7. Leveraging on technology to create value in business decisions and strategic actions.
• Use of Business Analytics
• Business Intelligence Tools and Integration
• Effective ERP Systems
8. Key concepts for ensuring effectiveness and efficiency in business operations:
• The significance of prompt decisions and reduced bureaucracy in ensuring efficiency: the policy compliance versus efficiency hurdle for executives.
9. Personal and corporate investment strategies and options for C-Suite executives
10. Review of the book: Turn the Ship Around, by L. David Marquet
• Transforming a demoralized crew into an empowered, motivated workforce by replacing the military’s traditional “leader-follower” or command-and-control structure with a “leader-leader” model.
11. Focusing on the mental and physical health agenda as a priority for C- Suite executives
12. Diversity and inclusivity agenda to create motivation in the workforce.
13. Instilling work life balance in the lives of busy executives
• Balancing the wheel of life
• Effective delegation and time management principles
The seminar is ideal for mid-level and high-level executives including Chief Executives, Managing Directors, Chief Managers, Heads of Departments, Senior Managers, Chief Finance Officers, Chief Operations Officers, Chief Information Officers, Chief Compliance Officer, Chief Human Resources Manager, Chief Security Officer, Chief Green Officer, Chief Analytics Officer, Chief Medical Officer, Chief Data Officer, Management Consultants, and Accounting Officers of Government Units and entities. This seminar is not limited to the accountancy profession only, staff from other units are highly encouraged to attend.
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**the cost caters for training fee, training materials, certificate and meals during the conference. Delegates are required to make their own travel and accommodation arrangements.
Members of ICPAK and those from other reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending all seminar sessions.
The Institute is registered as a trainer with the National Industrial Training Authority (NITA) 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. To qualify you should apply to NITA for approval prior to the date of the seminar
The training presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. For more information or enquiries please email firstname.lastname@example.org.