Corporate Governance, Business Ethics and Social Responsibility in the Public Sector

EXECUTIVE SUMMARY

Corporate Governance, (rules, regulations, legislations and principles) that help a firm operate, has more or less been well defined and structured in the private sector; however, corporate governance in the public services has recently been gaining attention because of the scope and impact of public service delivery.Public governance knowledge is important to ensure efficiency and quality of public service, which determines the quality of life. Corporate governance is important for public companies to scale up and for large ones to garner the interests of investors.

Because of the scope of service, the public sector faces a high risk of corruption, fraudulent and unethical practices, dissatisfaction and lack of alignment of employees, disagreements and lack of interests by managing committees, etc. Poor corporate governance in the public sector could affect a state or organisation’s credibility, integrity and, in turn, its financial health and stability.

COURSE HIGHLIGHTS:

The prime objective of this course is to empower public sector professionals with:

•           An in-depth understanding of Corporate Governance in Public Services, including:

o          All spheres of management – action plans, internal controls as policies and procedures to protect against fraud and misconduct, performance governance for quality delivery, disclosures for transparency and for building trust and credibility, etc.

o          The necessity of proper corporate governance in the public sector

o          Prevailing issues and their possible solutions

•           Knowledge of how to balance between financial optimisation, shareholder resolution, and well-being and public quality of life
•           Exposure and experience to manage the shift from old administration methods to new corporate techniques and best practices
•           Perspective to devise and implement strategies for long-term success and sustainability
•           Comprehension of the essentials to build an effective structural framework for accountability and ownership among stakeholders
•           The required skill enhancement and know how to become a more effective and efficient public services’ professional
•           Experience and perspective to better manage conflict

For Whom?

•           Public sector Top officers, Permanent Secretaries, Directors, Board Members, Chief Financial Officers and other members constituting the top management of an organisation – to thoroughly understand and master all critical aspects impacting the efficiency and quality of service delivery.
•           Human resource directors and professionals are responsible for compensation and other aspects affecting an organisation and its work culture.
•           Legal professionals are responsible for and involved in preparing contracts and other legal notices and agreements to this effect.
•           Auditors and members of compliance agencies responsible for ensuring transparency and integrity of information and facts reported by public sector organisations.

COURSE OUTLINE

Module 1 – Corporate Governance in the Public Services

•           Overview of Corporate Governance in the Public Services
•           Importance of Corporate Governance in the Public Services
•           Impact of good Corporate Governance on society and the economy

Module 2 – Role of Board Members in Corporate Governance in the Public Services

•           Types of Boards in public sector organisations – representational, hands-on, etc.
•           Duties of the Board – legal, strategic, fiduciary, oversight, etc.
•           Individual Director responsibilities – care, loyalty, obedience, etc.
•           Characteristics of an effective Board
•           Management of Board responsibilities in case of mergers and acquisitions

Module 3 – Other Roles in Corporate Governance in the Public Services

•           Investors
•           Chief Executive Officers
•           Employees
•           Auditors/Compliance agencies
•           HR professionals
•           Legal professionals
•           Society

Module 4 – Challenges in Corporate Governance and ways to address them

•           Ethical issues
•           Internal and external pressure
•           Risk management and mitigation
•           Inaccurate data reporting and disclosures

Module 5 – Corruption – the most challenging of all issues

•           Scope of corruption in the Public Services
•           Types of corruption
•           Ways to prevent corruption
•           Laws against corruption
•           Setting up an institutional framework against corruption

Module 6 – Mandates for Effective Corporate Governance in the Public Services

•           Importance of Audits – How, why and when to conduct
•           Data – How to derive, interpret, manage and implement
•           Budgets – how to utilise budgets effectively
•           Media – How to use media to advocate value-driven governance

Module 7 – Soft skills for Corporate Governance in the Public Services

•           Building accountability and responsibility
•           Maintaining transparency and openness
•           Maintaining ethics and a value-driven work culture
•           Fostering decentralisation and devolution

Module 8 ¬– Legal and other Regulatory Foundations

•           Compliance – what and why
•           Understanding national and international regulatory and legislative frameworks
•           Understanding regulations across various sectors
•           Managing public grievance redressal systems