Course Overview:
Financial Governance and Ethics is designed to provide participants with a comprehensive understanding of the principles and practices that ensure accountability, transparency, and ethical decision-making in financial management. The course will cover the frameworks and guidelines necessary for implementing robust governance systems, identifying and mitigating financial risks, and promoting ethical behavior across organizations. Participants will gain insights into regulatory compliance, financial auditing, fraud prevention, and how to align financial strategies with ethical standards.
Duration
5 Days
Who Should Attend
- Financial managers, CFOs, and finance professionals
- Compliance officers and internal auditors
- Corporate governance professionals
- Board members and senior management
- Accountants and financial controllers
- Professionals responsible for financial oversight or regulatory compliance
Course Objectives
By the end of this course, participants will be able to:
- Understand the principles of financial governance and their role in ensuring financial integrity and ethical conduct.
- Identify ethical challenges in financial management and apply decision-making frameworks to resolve them.
- Develop and implement policies that promote transparency, accountability, and corporate responsibility.
- Recognize and mitigate financial risks, fraud, and misconduct within the organization.
- Align organizational financial strategies with best practices in governance and ethics to comply with global regulatory standards.
Course Outline:
Module 1: Fundamentals of Financial Governance and Ethics
- Introduction to financial governance frameworks
- Role of ethics in financial management
- Key principles of transparency, accountability, and fairness
- Corporate governance and the role of the board in financial oversight
Module 2: Regulatory Compliance and Financial Reporting
- Overview of financial regulations and standards (e.g., IFRS, GAAP, SOX)
- Compliance management and internal controls
- Ensuring accuracy in financial reporting and disclosures
- The role of auditors and audit committees in governance
Module 3: Ethical Challenges in Financial Decision-Making
- Identifying common ethical dilemmas in financial management
- Conflict of interest, insider trading, and financial misconduct
- Ethical decision-making models and frameworks
- Case studies on financial governance failures and lessons learned
Module 4: Risk Management, Fraud Prevention, and Whistleblowing
- Financial risk identification, assessment, and management
- Fraud detection and prevention strategies
- Whistleblowing policies and their importance in governance
- Internal audits and financial controls to safeguard assets
Module 5: Implementing Ethical Financial Practices
- Best practices for embedding ethics into financial strategies
- Creating a culture of integrity and ethical leadership
- Monitoring and evaluating the effectiveness of governance policies
- Developing a personal and organizational ethical action plan
