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21 Jun
National Budget Conference 2024-25
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22 Jun
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2 Jul
71st Online Directors Training Programmme ( SOEs & Corporate Entities )
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School of Certified Directors

Program Highlights

ICMA International is officially approved by SECP to conduct Directors’ Training Program (DTP). Since June 2012, ICMA International has so far conducted several DTP programs in different cities and awarded certificates to over hundred Board of Directors, in addition to Chief Financial Officers, Chief Internal Auditors, and Companies Secretaries of Listed Companies.

In the course of this program you will learn the best practices of corporate boards, how to leverage your skills to effectively lead, assemble and analyze the right level of information, rise to the challenges of changing times and effectively align the interests of individuals, organizations and society.

Shareholder Activism :

In this session, you will examine the recent increase in shareholder activism and the controversies surrounding it. This session will provide a historical examination of activism and review whether activists have a short- or long-run orientation in their investment.

Board Oversight and Spotting the Warning Signs of Management Failure :

Boards of directors are charged with oversight of companies, and a key component of that is risk assessment — which has become particularly vital in recent years. While there are many aspects of risk that are important, the one set of factors that business overseers tend not evaluate carefully is the strategy, leadership, and process attributes of companies.

Director Liability Risk :

The goals of this session are to reconcile the divergence between perceptions of personal out-of-pocket liability risk for outside directors and the reality of that risk. We will explain how directors can ensure that their companies’ directors and officers liability insurance policies and indemnification arrangements provide appropriate protection, and describe the board’s monitoring roles.

Social Studies: Why Social Media Matters for Boards :

Social media has fundamentally changed the ways in which companies and customers interact, creating both new opportunities and new risks for businesses. This session develops a framework for thinking about social media from the perspective of a board member.

CEO Succession Planning :

Surveys of corporate boards indicate that only about one-third of all boards have developed a detailed CEO succession process, even though directors uniformly acknowledge that managing CEO succession is a fundamental duty.

Recent Developments in Financial Reporting :

This session will cover impending and proposed changes to financial reporting — for example, in the areas of revenue recognition, accounting for leases, and accounting for financial instruments.

Learning Objective
  1. 1. Corporate governance codes and an evaluation of their usefulness
  2. 2. Regulatory compliance and reporting
  3. 3. Framework for board’s effectiveness
  4. 4. Role of board of directors, shareholders, management and various committees of the board
  5. 5. Board responsibilities and challenges
  6. 6. Key legal, political and economic features of governance systems
  7. 7. Understanding of shareholder value and financial statements analysis
  8. 8. Executive compensation
  9. 9. Risk Management
  10. 10. Leading change for institutionalizing sound governance
  11. 11. Understand fiduciary, legal, and ethical oversight responsibilities, and develop strategies to best represent shareholders and stakeholders.
  12. 12. Evaluate the role of the board in strategy development, evaluation, and evolution.

Program Benefits

Across Modules, you will be exposed to real-life cases on governance challenges and issues faced globally. Enriched with local anecdotes of board practices and pitfalls the program will help you:

  1. 1. Increased understanding of your role in the corporate governance environment.
  2. 2. Frameworks and strategies to help you effectively manage the critical issues confronting board members today.
  3. 3. Overview and development of key frameworks for legal and prudent strategies to help boards navigate today's litigious environment.
  4. 4. Develop an in-depth comprehension of the scope and key pillars of corporate governance
  5. 5. Effectively interpret the financial information to develop essential financial oversight for enterprise efficacy
  6. 6. Enhance your understanding of the organization’s responsibility to the shareholders value and stakeholders well being
  7. 7. Gain contemporary perspectives of corporate governance best practices
  8. 8. Effectively manage risk and develop more effective control mechanisms
  9. 9. Develop an understanding of the legal provisions governing company management and administration
  10. 10. Master the ability to transform your board into an effective functioning unit
  11. 11. Enhance leadership skills and develop strategic insight needed to respond to boardroom dynamics
  12. 12. Develop interpersonal skills to enhance board dynamics and create influence with multiple stakeholders

Who Should Attend

The program is suitable for Board Members as well as top management including Managing Directors, Chief Financial Officers, Chief Executive Officers, Chief Operating Officers, Secretaries to the Boards of Directors, Legal Advisors, Company Secretaries and Corporate Governance Executives of listed companies who envision moving into a director's role in future.

Modules Description
  • Face to Face
  • 5 Days Session
  • 9:00am to 5:00pm
Module 1
  • Regulatory requirements of Financial Statements
  • Understanding and Interpretation of Financial Statements
  • (Ratio Analysis, Variance Analysis, Trend Analysis)
  • Annual Budgeting, Capital Expenditure Techniques (NPV, IRR, etc.)
Module 2
  • Strategic Business Planning
  • SWOT Analysis of the Company
  • HR Management Policies and HR Structure of Organization
  • Succession planning and Performance evaluation of Senior Management,
Module 3
  • Overview of the Companies Act, 2017,
  • Roles & Responsibilities of Directors
  • Qualification & Disqualification of Directors,
  • Filling of Accounts and Appointment of Auditors,
Module 4
  • Listed Companies Code of Corporate Governance Rules
  • Improving Board Effectiveness and professional development.
Module 5
  • Importance of Internal Audit and effective Internal Control System,
  • Risk Management Process,
  • Board responsibility to cater money Laundering
  • Cyber Security & Responsibilities of the Board

    (Special feature of discussion on relevant case studies of National and International companies in each Module)

  • Syllabus
  • Online Via Zoom
  • 8 Days Session
  • 9:00am to 2:00pm
  • Fridays & Saturdays
Module 1
  • Strategic business planning,
  • SWOT analysis
  • HR management
Module 2
  • Board effectiveness
  • Efficient board meetings
  • Board responsibility to cater money Laundering
  • CEO appointment and performance evaluation
Module 3
  • Companies Act overview
  • Directors' fiduciary duties
  • Conflict of interest policy
  • Related party transactions
Module 4
  • Listed Companies Code of Corporate Governance Rules,
  • Board composition
  • Directorships
  • Committees
  • Chairman's role
Module 5
  • Disclosure and financial reporting framework,
  • Interpretation of financial statements (ratio analysis)
Module 6
  • Working capital management
  • Capital budgeting
  • Annual budgeting
  • Capital expenditure analysis
Module 7
  • Importance of internal audit department,
  • Effective internal control system,
  • Risk management process,
  • Risk assessment measures.
Module 8
  • Board responsibility for money laundering,
  • Information corporate asset and security,
  • Cyber security.

    (Special feature of discussion on relevant case studies of National and International companies in each Module)

Special Features / Attraction

The program fulfills the criteria specified for Director’s Training Program under the Code of Corporate Governance and is also endorsed by the Securities and Exchange Commission of Pakistan (SECP).

The program incorporates a blend of real life case studies, experiential learning exercises, local success stories and interactive discussions providing the participants a distinctive learning experience which is the hallmark of ICMA International.

Program Duration

  Duration: Five full days program from 9 am to 5pm.Face to Face Eight days from 9:00am to 2:00pm Fridays & Saturdays Via Zoom

Program Fees

PKR 120,000 for Members of ICMA and other accounting bodies.
PKR 150,000 for Others.

Contact Information

Maqsood un Nisa
Assistant Director Members’ Professional Development and Corporate Training
Institute of Cost and Management Accountants of Pakistan ST - 18/C, ICMA Avenue, Block - 6, Gulshan-e-Iqbal, Karachi .
Phone #: 021 - 99243900 Ext: 224
Email : maqsood.unnisa@icmap.com.pk
URL : www.icmap.com.pk/school_of_certified_directors.aspx