Recognising and Managing Conflicts at Board Level
Date: On a date of your choice
Location: Delivered as an interactive briefing
Event Code: RMCBL
At the root of many regulatory actions against individuals is the exercise of a conflict of interest. An area of intense interest for regulators, this 2 hour event will look at the common issues that arise for Directors and provide you with the fundamental principles to apply in your own business dealings to ensure the highest levels of probity.
The board need to be assured that, as well as their own potential conflicts, they have robust policies in place that are understood and followed. Remuneration structures and policies are also potential source of conflict and high on the agenda for policy makers.
This is a highly practical event which takes examples from recent history and hands on experience of issues regularly identified by the regulators. You will leave with a clear picture of the scope of conflicts that you should be aware of and how they can be managed.
“It is the senior management’s responsibility to set clear standards for their firm. You should identify any potential conflicts of interest and how the firm should manage them, taking a broad view of the risks posed to your business"
FCA Guidance to Firms on Conflicts of Interest September 2014
1. Expectations of the Board
- Legal duty – Companies Act
- Standards and guidance of the FCA and PRA
- Hot topic areas for regulators
- Past actions where the root cause arises from inherent conflicts
2. Common sources of conflicts
- Remuneration structures – latest Policy Statements
- Multiple Directorships
- Gifts and entertainment
- Personal dealing
- Personal relationships
- Industry specific areas of concern
3. Governance of Conflicts
- Board best practice - taking the lead
- The importance of culture in managing the risks
- Key data to monitor the potential exercise of conflicts
- Question and conclusions
Who should attend?
Designed specifically for Directors who
need to understand this area and feel confident that they are in control of the
risks to them and their firm.
up to date on the current standards and how they apply to you
the different types of conflicts that can arise from
your business model
when to declare a conflict and the degree to which it could impact your
the most common source of issues arising from conflicts and how to avoid
the key elements of effective policies and how to ensure they are followed
the implications of the latest policy announcements from the PRA and FCA
on remuneration and its potential to give rise to conflicts
- Leave with ideas on best practice and possible areas you
wish to check in your business.
Consultant – John Constable
John has worked for over 10 years consulting and
training on regulatory topics and management development. A great communicator,
he provides interactive regulatory, risk and financial briefings for, bringing
to them commercial awareness, credibility and pure energy.
His versatility allows him to use appropriate skills
to lead groups of senior management providing current and relevant examples to
illustrate points and draw parallels to clarify complex points.
John’s published articles have encompassed financial
crime, learning and development strategies, operational risk management and
John has a BA (Hons.) History from Kings College
London, he holds a Diploma in Management from Henley and is a Member of
Chartered Institute of Personnel and Development.
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