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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
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