Governing finances is amongst the most important of the directors’ duties, for the fundamental reason that finances are required to realize the organization’s mission. Whilst directors must ensure compliance, risk management and coverage of operational requirements, the greatest value the board can add is to ensure the successful execution of a long term financial strategy that will fulfil the organization’s vision. This requires directors to use their fiduciary responsibilities to realise the best interests of the organization, which requires identifying opportunities and taking responsible risks.

Typically program content would include:

1. The board’s role in financial governance
2. The legal obligations for which the board is responsible
3. The differences between resource governance and resource management
4. How to define and understand the organization’s business model
5. How to read the key financial reports needed by the board
6. How to determine the organization’s overall financial position
7. What to expect in sound financial reporting to the board
8. How to assess the resource potential of the organization
9. How to plan income expansion and ensure successful execution
10. The main factors involved in financial risk, including threats posed by crime and misconduct and how these can be mitigated
11. How to create a management culture committed to financial opportunity taking
12. Setting financial performance indictors for the CEO
13. How to structure the role and functions of finance and audit committees  

To make an inquiry or book a training session click here