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Corporate Governance: Effectiveness and Accountability in the Boardroom

Become A More Effective Board Member

Professor LysThe role of a board member calls for a distinct set of skills and capabilities that cannot necessarily be drawn from prior management experience. Effective board membership requires a reorientation to shareholders and an understanding of the interests of multiple constituencies.
 
In this program, you will improve your understanding of the responsibilities of board membership and develop the skills and strategic insight needed to become a more effective director. With top faculty from the Kellogg School of Management in collaboration with Ernst & Young, you will learn frameworks that can move the board beyond compliance to the creation of opportunities for long-term value.
Upcoming Sessions (Fee includes lodging and most meals)
Session Date Cost
December 8-11, 2013 $7,600 Apply
May 18-21, 2014 $8,000 Apply
December 7-10, 2014 $8,000 Apply

Program Materials

If you are a current board member—or someone who expects to be named one in the immediate future—this program is designed for you. You will focus on issues faced by boards of public companies as well as cover the challenges faced by private and not-for-profit boards.

During this program, you will:
  1. Learn the tools required to be a more effective director in the post-Sarbanes-Oxley environment
  2. Master the ability to strategically respond to boardroom dynamics
  3. Analyze the role of the board vis-à-vis management, internal auditors, and external auditors
  4. Develop a deeper understanding of board governance
  5. Study the legal and ethical challenges faced by today’s boards
  6. Engage in a “board in crisis” case simulation

Looking for Financial Trouble in All the Right Places
  1. Interpreting financial statements and fulfilling the duties of the audit committee
  2. Dealing with internal and external auditors, directors and corporate management
  3. Participate in an audit committee case simulation

How to be an Influential, Trusted and Respected Member of your Board
  1. Key considerations in choosing members to maximize effective board decision making
  2. Strategies for improving the influence and effectiveness of board members in getting their voices heard

The Role of the Board in Assessing, Anticipating and Responding to Different Forms of Risk
  1. Fiduciary responsibilities, monitoring and managing risk
  2. Directors’ and officers’ insurance
  3. Managing stakeholders, public officials, public opinion, media relations
  4. Scanning business practices for political and social risk and integrating crisis management into overall business strategy

Best Practices in Board Structure and Operations
  1. Committee organization and policy development
  2. Case analysis of board operations, functions and organizations

Executive Compensation
  1. Issues and challenges faced by compensation committees

Pre-Program Tutorial on Financial Literacy (optional)

Post-Program Tutorial on Mergers and Acquisitions (optional)

Program fee includes membership in the Kellogg Corporate Governance Network, with access to publications and webcasts on emerging governance issues such as executive compensation, directors’ liabilities and economic development in the global capital markets. Kellogg Corporate Governance Network members may attend an upcoming Kellogg School conference on corporate governance.
Thomas Lys - Academic Director; Eric L. Kohler Chair in Accounting; Professor of Accounting Information & Management

Daniel Diermeier - IBM Professor of Regulation and Competitive Practice; Director of the Ford Motor Company Center for Global Citizenship

Tom Hough - Partner, Americas Vice Chair Assurance Services, Ernst & Young LLP

Harry M. Kraemer - Clinical Professor of Management & Strategy

Dennis Chookaszian - Chairman, Financial Accounting Standards Advisory Council

Donald Delves - President and Founder, The Delves Group

Michael E. Lavin - Director of Integrys Energy Group, Inc., SPSS Inc. and Tellabs, Inc.

Charles W. Mulaney, Jr - Corporate Partner with Skadden, Arps, Slate, Meagher & Flom

David S. Ruder - Former Chairman of the U.S. Securities and Exchange Commission; William W. Gurley Memorial Professor of Law Emeritus, Northwestern University

Featured Faculty Video

  •   Professor Tom Lys: The changing roles of board members

What Past Participants Say

  • "It's a program every director should attend, regardless of experience."
    Board Member, Kimberly Clark Corporation

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