The International Compliance Association (ICA), a leading professional body for the global regulatory and financial crime compliance community, has relaunched its Specialist Certificate in Corporate Governance program. The course is designed to provide an understanding of the requirements and principles of good corporate governance.
Severe shortcomings in corporate governance are an ongoing issue. In recent years, HSBC, BNP Paribas, Uber, Apple, and Danske, among others, have fallen foul of serious governance issues. High-profile corporate scandals have resulted in significant damage to communities, heavy regulatory penalties, and many stakeholders asking why directors and senior management did not do more to prevent the failures.
The restrictions imposed by governments all over the world in handling the COVID-19 pandemic have raised significant challenges across administration, communication, business continuity, and disaster recovery for organizations today. Companies in 2020 are increasing their focus on the environmental and social aspects of corporate governance, with boards being expected to strengthen their oversight and knowledge of material matters and disclose their connection to the business in the form of risks and opportunities.
The ICA Specialist Certificate in Corporate Governance is an online course covering effective governance systems and governance roles, the interconnectedness of corporate governance with culture, and the need for defined roles and responsibilities, as well as the digital revolution and its influence on governance. Those who study the course will develop a sound understanding of the history and ongoing development of corporate governance, the relevance of high-profile corporate failures, current rules, planned changes, and future trends in this space.
“As a result of the coronavirus pandemic many companies are facing difficult decisions concerning resource allocation, risk appetite, and supply chains,” ICA President Bill Howarth said in a press release. “Against this backdrop, it is crucial that all professionals at middle- to senior-management level understand the key elements of good corporate governance so they can assess and design frameworks that serve their firm’s objectives and improve performance.”
The International Compliance Association is a sister company to Compliance Week. Both organizations are under the umbrella of Wilmington plc.