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Provided by: Compliance LLC Compliance Training and Presentations for the Board of Directors |
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Training
Provided by Compliance LLC
Compliance Training and Presentations for the Board of Directors
After the Sarbanes Oxley Act and the Basel ii Accord, there is a lot of discussion in the corporate world about the new liabilities of the CEOs and the CFOs. Today we understand that many organizations have underestimated the vital role of he board of directors. The board has the obligation to understand, to evaluate, to exercise oversight, to review and approve corporate actions. More than ever, organizations need directors who are aware of the risks and prepared to take on the duties and functions of the boardroom.
After a legal action, the directors have to provide evidence that they have exercised due diligence. They have to provide evidence that they made informed decisions, that they had learned all material information before making a business decision (there is "good faith" only in case of an informed decision).
For example, the cost of Basel ii, Advanced Approach, often exceeds US$ 200,000,000. This is not a fixed cost. Financial organizations have several options. There are always different courses of action. It is possible to spend the above sum of money, only to learn that your "Advanced Approach" is not so advanced, or that you do not have the corporate governance elements in place. If the supervisors do not accept your advanced approach, the firm and the shareholders will lose hundreds of millions of dollars. And, you can prevent that.
Risks to serving directors have risen exponentially after the new Basel Capital Accord, the US Sarbanes Oxley Act, the European Sarbanes Oxley (8th Company Law Directive, E-SOX), the Japanese Sarbanes Oxley (Financial Instruments and Exchange Law, J-SOX), the European Union's Financial Services Action Plan (FSAP) that includes MiFID (Markets in Financial Services Directive, and so many other Acts, Directives, Regulations.
The members of the board have to understand the new environment and the new responsibilities in order to protect their reputation and wealth and their organization. They have to be aware of the risks and to perform their duties according to the highest principles and implementation practices. But, they can do more: They can use compliance as a competitive advantage
Our Proposal
Compliance LCC is a leading provider of compliance training and presentations, executive coaching and consulting at more than 30 countries
Areas of Expertise:
* The Basel ii Capital Accord
* The Markets in Financial Services Directive (MiFID)
* The US Sarbanes-Oxley Act
* The European Sarbanes Oxley (8th Company Law Directive, E-SOX)
* The Japanese Sarbanes Oxley (Financial Instruments and Exchange Law, J-SOX)
* The Solvency ii and the Reinsurance directives
* The European Union's Financial Services Action Plan (FSAP),
and other Acts, Directives, Regulations.
A. The Basel ii Accord and the Board of Directors
Basel ii - training and presentations for the Board of Directors, you may visit
www.basel-ii-board-directors.com
B. The Markets in Financial Services Directive (MiFID) and the Board of Directors
MiFID - training and presentations for the Board of Directors, you may visit
www.mifid-board-directors.com
C. The European Union's Financial Services Action Plan (FSAP) and the Board of Directors
The European Union's Financial Services Action Plan - training and presentations for the Board of Directors, please click here
D. The US Sarbanes-Oxley Act and the Board of Directors
The US Sarbanes-Oxley Act - training and presentations for the Board of Directors, please click here
E. The 8th Company Law Directive (European Sarbanes Oxley, E-SOX) and the Board of Directors
The 8th Company Law Directive - training and presentations for the Board of Directors, please click here
F. The Financial Instruments and Exchange Law (Japanese Sarbanes-Oxley, J-SOX) and the Board of Directors
The Financial Instruments and Exchange Law - training and presentations for the Board of Directors, please click here
G. Training for the Risk Committee
The Risk Committee must exercise oversight, and must provide evidence about it. Please visit www.risk-committee.com and www.risk-committee-training.com
After the Sarbanes Oxley Act and the Basel ii Accord, there is a lot of discussion in the corporate world about the new liabilities of the CEOs and the CFOs. Today we understand that many organizations have underestimated the vital role of he board of directors. The board has the obligation to understand, to evaluate, to exercise oversight, to review and approve corporate actions. More than ever, organizations need directors who are aware of the risks and prepared to take on the duties and functions of the boardroom.
After a legal action, the directors have to provide evidence that they have exercised due diligence. They have to provide evidence that they made informed decisions, that they had learned all material information before making a business decision (there is "good faith" only in case of an informed decision).
For example, the cost of Basel ii, Advanced Approach, often exceeds US$ 200,000,000. This is not a fixed cost. Financial organizations have several options. There are always different courses of action. It is possible to spend the above sum of money, only to learn that your "Advanced Approach" is not so advanced, or that you do not have the corporate governance elements in place. If the supervisors do not accept your advanced approach, the firm and the shareholders will lose hundreds of millions of dollars. And, you can prevent that.
Risks to serving directors have risen exponentially after the new Basel Capital Accord, the US Sarbanes Oxley Act, the European Sarbanes Oxley (8th Company Law Directive, E-SOX), the Japanese Sarbanes Oxley (Financial Instruments and Exchange Law, J-SOX), the European Union's Financial Services Action Plan (FSAP) that includes MiFID (Markets in Financial Services Directive, and so many other Acts, Directives, Regulations.
The members of the board have to understand the new environment and the new responsibilities in order to protect their reputation and wealth and their organization. They have to be aware of the risks and to perform their duties according to the highest principles and implementation practices. But, they can do more: They can use compliance as a competitive advantage
Our Proposal
Compliance LCC is a leading provider of compliance training and presentations, executive coaching and consulting at more than 30 countries
Areas of Expertise:
* The Basel ii Capital Accord
* The Markets in Financial Services Directive (MiFID)
* The US Sarbanes-Oxley Act
* The European Sarbanes Oxley (8th Company Law Directive, E-SOX)
* The Japanese Sarbanes Oxley (Financial Instruments and Exchange Law, J-SOX)
* The Solvency ii and the Reinsurance directives
* The European Union's Financial Services Action Plan (FSAP),
and other Acts, Directives, Regulations.
A. The Basel ii Accord and the Board of Directors
Basel ii - training and presentations for the Board of Directors, you may visit
www.basel-ii-board-directors.com
B. The Markets in Financial Services Directive (MiFID) and the Board of Directors
MiFID - training and presentations for the Board of Directors, you may visit
www.mifid-board-directors.com
C. The European Union's Financial Services Action Plan (FSAP) and the Board of Directors
The European Union's Financial Services Action Plan - training and presentations for the Board of Directors, please click here
D. The US Sarbanes-Oxley Act and the Board of Directors
The US Sarbanes-Oxley Act - training and presentations for the Board of Directors, please click here
E. The 8th Company Law Directive (European Sarbanes Oxley, E-SOX) and the Board of Directors
The 8th Company Law Directive - training and presentations for the Board of Directors, please click here
F. The Financial Instruments and Exchange Law (Japanese Sarbanes-Oxley, J-SOX) and the Board of Directors
The Financial Instruments and Exchange Law - training and presentations for the Board of Directors, please click here
G. Training for the Risk Committee
The Risk Committee must exercise oversight, and must provide evidence about it. Please visit www.risk-committee.com and www.risk-committee-training.com
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Compliance Training and Presentations for the Board of Directors
http://www.board-of-directors-compliance-training.com
About The Training Provider: Compliance LLC
Compliance LLC - Compliance LLC is a leading provider of risk and compliance training, executive coaching and consulting in 36 countries.
Compliance LLC, Areas of expertise:
Training and consulting for Hedge Funds, Alternative Investments and Structured Products
Hedge Funds Strategies
The Basel ii Capital Accord
The European Sarbanes Oxley (8th Company Law Directive, E-SOX)
The...
