Full Course Details – Please note this is a blended programme and Day 1 will take place in person in the Grand Canal Hotel.
Day 1: Tuesday, 28th November (In Person)
Day 2: Tuesday, 5th December (Online)
Times: 9:30am to 3.30pm
CPD Hours: 10.5 hours
About the Course
The term ‘corporate governance’ is generally understood to encompass how an organisation is managed, its corporate structure, its culture, its policies and strategies, and the ways that it deals with its various stakeholders. Although fundamental differences arise in the governance of private and public sector entities, the principles underlying good corporate governance are similar. This course will examine corporate governance in a public sector context.
The 2016 edition of the ‘Code of Practice for the Governance of State bodies’ issued by the Department of Public Expenditure and Reform states that
‘High standards of corporate governance in all State Bodies, whether in the commercial or non-commercial sphere, are critical to ensuring a positive contribution to the State’s overall economic efficiency, competitiveness, social cohesion and regional development’.
A new Annex on Gender Balance, Diversity, and Inclusion, to supplement the existing Code of Practice for the Governance of State Bodies, was published in September 2020 https://www.gov.ie/en/publication/0918ef-code-of-practice-for-the-governance-of-state-bodies/
Good corporate governance in the public sector is seen as important for the perception of Ireland as a good and well regulated economy in which to do business. In addition to many of the corporate governance obligations that apply to the private sector, public bodies are subject to a range of additional compliance obligations. The Civil Service Renewal Plan commits to strengthening Corporate Governance in the Civil Service in line with international best practice. This is being achieved by the implementation of a Corporate Governance Standard for the Civil Service. This Standard was published in 2015 and is used by each Department and Office to guide the development of their individual Governance Framework. For example, the Department of Public Expenditure and Reform updated its Framework in May 2021.
The aim of this course is to provide grounding on the principles of good public sector corporate governance. These relate to transparency, accountability, responsibility, leadership, integrity and commitment.
Formal training programmes in corporate governance are needed to provide a learning structure within which delegates learn to develop a ‘healthy’ understanding of good corporate governance practice.
Following the successful completion of the course, delegates will have acquired an understanding of effective corporate governance.
On completion of the course, delegates will have a better understanding of the following:
- What is meant by corporate governance
- How corporate governance has developed
- The 2016 Code of Practice for the Governance of State Bodies and developments since then
- How the principles of corporate governance can be applied to public sector organisations generally
- The impact of good corporate governance on the culture of organisations
- The practical operational benefits that ought to result from the application of the principles
- Consequences of bad corporate governance for the public sector
- The accountability process for public sector organisations
- Understanding and implementing the legislative and regulatory framework
- Risk assessment and mitigation of risks
- Risk management and how to apply it to an organisation
- Overview of fraud risk frameworks, including fraud risk assessment and trends
- A broad overview of future trends in corporate governance
Who Should Attend
The intended audience is for those involved in the supervision, management, operation or control of public sector bodies.
In particular the course will hold a practical appeal for delegates from the Civil Service, state agencies and bodies, universities and local authorities. It is also of value and interest to specialists, officers, directors and officials at all grades who require knowledge of effective corporate governance and who wish to progress their careers.
This Course is certified by the Institute of Commercial Management (ICM) and a Certificate of Qualification will be provided upon successful completion of all course components.