About Membership Education News & Events Publications Career Centre Search
Member Sign In Logout
Education
Chartered Secretaries Qualifying Scheme (CSQS)
Professional Administrator Designation
Directors' Education & Accreditation Program (DEAP)
Designations
Continuing Professional Development
Webinars
Canada Job Grant Information

Directors' Education and Accreditation Program: Competencies

Governance

  • What is corporate governance:  definitions and issues; ethics, corporate governance and corporate social responsibility
  • Directors and the board:  powers and duties of a director; effective boards; financial reporting and auditing
  • Directors and management:  the respective roles of the board and management; executive compensation
  • The board and shareholders:  shareholder powers and rights; shareholder relations

Financial Disclosure and Reporting

  • Financial objectives:  finance decisions; types of entities; regulatory framework; financial objectives; stakeholders; agency relationships; annual report; Canadian Securities Administrators; financial management decisions; financial functions; areas of responsibility; types of planning; budgets and forecasts; cash management; capital structure
  • Accounting concepts and financial statements:  conceptual framework of accounting; objectives of financial reporting; qualitative nature of accounting; recognition and measurement principles; components of financial statements; audit reports
  • Financial management:  financial markets – stock exchanges and other sources; costs of issuing; leasing; short-term financing; small business financing; dividend policy; cost of capital; investment risks; weighted average cost of capital; capital structure and leverage; key financial management areas
  • Ratio analysis:  liquidity ratios; asset turnover ratios; leverage ratios; profitability ratios; dividend policy ratios; cash flow ratios; market and combined ratios; balanced scorecard
  • Financial disclosures:  notes to financial statements; listed company disclosures; management discussion and analysis; annual information form; disclosure standards; statutory civil liability

Enterprise Risk Management (ERM)

  • The ERM Revolution:  more – and more complicated – risks; external pressures; portfolio point of view; quantification; boundaryless benchmarking; risk as opportunity
  • ERM definition and conceptual framework:  definition; conceptual framework; types of risk; process steps
  • ERM language, measures, models and tools:  overall corporate performance measures; risk measures; risk modeling; risk integration; risk prioritization; tool application for treating/exploiting risks; risk monitoring
  • ERM case studies:  risk assessment; distribution strategyu; performance measurement; asset allocation; strategic planning; product design; dividend strategy; risk financing
  • Practical considerations in implementing ERM:  designating an ERM “champion”; making ERM part of the enterprise culture; determining all possible risks of the organization; quantifying operational and strategic risks; integrating risks; lack of appropriate risk transfer mechanisms; monitoring the process; start slowly – build upon successes

Strategy

  • Introducing strategy:  characteristics of strategic decisions; strategic thinking; Mintzberg’s 5 P’s; levels of strategy; elements of strategy;
  • Strategic management:  emergence of strategic management;
  • Rational model:  rational planning process; strategic analysis; strategic choice; strategy implementation; strategic management as fit or stretch; need for strategic planning; in support of the rational model; Ansoff; Peter Drucker; limitations
  • Emergent strategy:  crafting emergent strategies; strategy and objectives; a behavioural approach; incrementalism; significance of competition; opportunism
  • Strategic management in different contexts:  small business; multinational corporation; innovating organization; voluntary sector; professional service organizations

Armed with this toolkit, you will be able to address the challenges and opportunities of your directorship with confidence and skill.


Announcements
2018 Directors' Education (DEAP) session dates here.

Looking for your feedback on the Corporate Governance Quarterly (CGQ)! Click here to access the 5 minute survey, thank you for your thoughts! 

Post your employment opportunities with ICSA! Click here to learn more. 

2018 referral challenge details available, spread the word about ICSA's leading programming today! 

Attention Members: Click here to learn more about your TD Insurance discount!

Have you met your CPD hours for the year? Click here to learn more about ICSA CPD requirements for Associates and Fellows.