Certified Member of the Board of Directors (CMBD) - Prep Course (3 days)

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 8, 2008 -- The International Association of Potential, New and Sitting Members of the Board of Directors (IAMBD) develops and maintains a compendium of risk and compliance topics, and offers the certified course:

Certified Member of the Board of Directors (CMBD) - Prep Course (3 days)

that lead to the certification:

Certified Member of the Board of Directors (CMBD)


Course Title
Certified Member of the Board of Directors (CMBD) - Prep Course (3 days)

Objectives:
This course has been designed to provide with the knowledge and skills needed to perform your duties as a member of the Board of Directors, and to promote best practices and international standards that align with business and regulatory requirements. The course provides with the skills needed to pass the Certified Member of the Board of Directors (CMBD) exam.

Target Audience:
This course is intended for Potential, New and Sitting Members of the Board of Directors

About the Course

PART A: THE BOARD MEMBER

Introduction
The board's evolution
The role of the board of directors
Differences around the world
Directors' duties
Directors' liability
Exposure to liabilities arising from legal action against directors by third parties
Class actions
Understand the mission and the vision of the organisation
Understand the mission and the vision have beed translated into daily activities for everyone working in the firm
Understand the strategy - how to achieve success
Performance measurement
Financial and non-financial indicators

Reporting challenges
A culture of integrity and respect

Best practices and international standards
Sarbanes Oxley Act and the Board of Directors
Higgs recommendations
Tyson recommendations
Internal and external board reviews
Board development programs

The good director
Decision-making skills, expertise and experience
Continuous training and development
Good relationships between the chairman, CEO, key fund managers, and
other stakeholders
The board member and the CEO
Succession challenges
Compensation issues

The board member and senior management
Executive and non executive directors

Skills
Technical skills
Inter-personal skills
Legal, regulatory and corporate governance requirements
Integrity
Leadership qualities
Analytical skills

Regulatory Compliance and Risk Management
Definitions, roles and responsibilities
The information architecture
Providing evidence about corporate activities
Mismanagement of operations
Self-dealing and conflicts of interest
Misrepresentation
Breach of fiduciary duties

Monitoring health, performance, risks and controls

PART B: RISK AND COMPLIANCE - WHAT YOU NEED TO KNOW
Introduction
The definition of Governance, Risk and Compliance
The need for Internal Controls
Understand how to identify, mitigate and control risks effectively
Approaches to risk assessment: Qualitative, quantitative
Integrating risk management into corporate governance and compliance
Compliance Monitoring
The company and other stakeholders
Managing the regulators and change in regulations

International and national regulatory requirements

Regulatory compliance in Europe
Regulatory compliance in the USA. What is different
The GCC countries
The Caribbean
The Pacific Rim
Common elements and differences of compliance projects
New standards
Disclosure issues
Multinational companies and compliance challenges
The Sarbanes Oxley Act
The Need
US federal legislation: Financial reporting or corporate governance?
The Sarbanes-Oxley Act of 2002: Key Sections
SEC, EDGAR, PCAOB, SAG
The Act and its interpretation by SEC and PCAOB
PCAOB Auditing Standards: What we need to know

Management's Testing
Management's Documentation
Reports used to Validate SOX Compliant IT Infrastructure
Documentation Issues

The New Basel Capital Accord (Basel II)
Realigning the regulation with the economic realities of the global banking markets
New capital adequacy framework replaces the 1988 Accord
Improving risk and asset management to avoid financial disasters
"Sufficient assets" to offset risks
The technical challenges for both banks and supervisors
How much capital is necessary to serve as a sufficient buffer?

The three-pillar regulatory structure
Purposes of Basel II

To learn more:
International Association of Potential, New and Sitting Members of the Board of Directors (IAMBD)
www.members-of-the-board-association.com

For further information, you may contact
Lyn Spooner, E-mail: lyn@compliance-llc.com, Tel: +1 (302) 342-8828 Ext 1, or George Lekatis, E-mail: lekatis@compliance-llc.com, Tel: +1 (302) 342-8828 Ext 5.

More information can be found online at http://www.members-of-the-board-association.com

Board Association     potential