- Be up to date on the current standards and how they apply to you
- Understand the different types of conflicts that can arise from your business model
- Know when to declare a conflict and the degree to which it could impact your judgement
- Explore the most common source of issues arising from conflicts and how to avoid them
- Examine the key elements of effective policies and how to ensure they are followed
- Understand 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.
Your Event Leader - 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 Solvency II.
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.
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