The 21st Century Director

The first years of the 21st century have seen unprecedented changes in the roles and demands on corporate and nonprofit directors. Board members now cope with ever-fuller agendas, greater potential liability and increasing demands by shareholders, regulators, activists and the government.

This seminar discusses the legal and ethical responsibilities of directors and the special responsibilities of audit committee members.

Topics Discussed

• The changing role of directors
• The impact of constituent activism on ethical and legal responsibilities
• The impact of recent business failures, Sarbanes-Oxley and Dodd-Frank
• The meaning of “Fiduciary Duty” and its impact on responsibilities
• The “Business Judgment Rule”
• The importance of directors and officer’s insurance, and what to look for in policies
• Responsibilities of various committees
• Audit committee qualifications
• The Audit Committee “Financial Expert”
• The skills and experience needed for new board members
• How to work with your organization’s board
• How to be the best director you can be!

Cases and Group Discussion
This seminar includes group discussion of eight case studies.

Target Audience
This seminar is for those who serve, or aspire to serve, on a board of directors or finance professionals who work with the boards of their organizations. The seminar discusses public, private and not-for-profit boards.

Level of Knowledge
Intermediate

Acronym
TCD

CPE Credit
8 hours group live

Field of Study
Behavioral Ethics, Business Management & Organization

Prerequisite
Participants should have at least six months of industry experience and thorough knowledge of financial accounting principles and practices.

Advanced Preparation
None