Trainings

Company Directors' Course

The training program was organized jointly by SLID & ICASL in the form of a non residential program for practicing Directors.

 

It consisted of the following 5 modules which covered all aspects of a Director's role.

 

 

 

Company Directors Course - Contents

 

The Role of the Directors and Board

Resource Person:  Dr. Harsha Cabral

 

The Purpose: To examine the roles of the board, directors, chairman and management in corporates.

 

At the end of the module, the participants were able to:

Identify the role and key functions of the board and its directors

Explain the purpose and essential features of corporate governance

Outline the key duties and responsibilities of directors and understand the associated liabilities and their related protection

Know the rights of directors

Recognise the consequences of breaching directors’ duties

Understand  the regulatory frameworks and the roles of various regulators.

 

(Reference to the Code of Best Practice - Corporate Governance, Companies Act, Case Law and CSE & SEC Regulations)


 

Business Ethics for Directors

Resource Person: Mr. Chandra Jayaratne

 

 

Introduction to Board Meetings, Governance and Improving Board Effectiveness

Resource Person: Mr. Ranjit Fernando

 

The Purpose: To examine the composition and structure of the board, develop effective meeting procedures and examine good practices of effective boards.

 

At the end of the module, the participants were able to:

Evaluate board composition and structure

Assess the criteria for selection of directors

Chairman - CEO relationship

Consider how the board fulfils its functions

Review board meeting protocols and procedures

Identify the importance of Key Performance Indicators for the board and directors and board evaluation

Understand how to make an informed decision in joining a board.

 

(Reference to the Code of Best Practice - Corporate Governance, Companies Act, Case Law and CSE & SEC Regulations)

 

 

Organisational Risk – Issues for Directors

Resource Person: Deshamanya Deva Rodrigo

 

The Purpose: To introduce the director's role in risk oversight and monitoring. It focused on risk and its impact on company directors, and provided skills in understanding and managing risk.

 

The objectives of this course were to assist company directors to:

Outline what risk is and identify the major areas of risk for an organisation.          

Determine risk appetite. 

Establish the link between risk management, risk culture and effective leadership. 

Discuss the influence of risk on organisations and how this can be used in managing organisational risk.

Articulate the directors’ role in risk assessment and monitor of risk and having early warning systems.

Develop skills to be used in determining the acceptability of risk avoidance, reduction and transfer.


(Reference to Case studies, Case Law and

Company Act)

 


Introduction to the Strategic Role of the Director 

Resource Person: Mr. Chandra Jayaratne

 

The Purpose: To provide participants an introduction to the strategic role of a director.

 

At the end of the course participants were able to:

Recognise the linkage of strategy to financial health/wealth creation

Identify a director’s role in formulating and monitoring strategy

Understand key strategic planning frameworks

 

(Reference to Case studies)

 


Assessing Company Performance for Directors

Resource Person: Mr. Suren Rajakarier

 

The Purpose: To establish a basic understanding of financial statements and how to assess a company's performance.

 

At the end of the course participants were able to:  

Understand and interpret financial statements

Evaluate financial performance by reviewing financial statements over time

Know how to use financial data in calculating simple financial ratios.

Apply and interpret key financial ratios.

Identify general ratios used for a board to monitor performance

Appreciate how to evaluate solvency, what should be done and when.

 

(Reference to Sri Lanka Accounting Standards, Companies Act, CSE Regulations and Case studies.)

 

 

 

The Participants